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OKLAHOMA CITY, March 11, 2019 /PRNewswire/ — Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed upstream oil and gas exploration and production company,...
Many division order analysts are squeamish about working Oklahoma as a geographic area. This is because Oklahoma is unique in its royalty...
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Hart Energy –Devon Energy Corp. (NYSE: DVN) launched plans on Feb. 19 to complete its transformation into a high-return U.S. oil growth...
U.S. energy firms this week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22, putting the total rig count down 134, or 18%, below this time last year.
The number of oil rigs fell by one to 509 this week, while gas rigs decreased by four to 112, their lowest level since mid-January 2022.
Most of those gas rig cuts were in the Haynesville shale gas field in Louisiana, Texas, and Arkansas, which fell by four to 36 rigs this week, the lowest since October 2020.
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