Big oil has an all-or-nothing reputation, with many pursuing growth at any cost. It’s an approach that cost investors dearly during the...
It has become a regular occurrence in Oklahoma that many operators are spudding their wells before a forced pooling order from the...
Oklahoma gains 4, back up to 124 as U.S. Oil Rigs get back 4 also. The total number of oil and gas rigs now...
Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure...
THE U.S. OIL INDUSTRY is pumping at record levels, putting the country on track to surpass Russia as the world’s top oil producer...
The oil price collapse, which began in June 2014, triggered a wave of cost reduction among upstream businesses, including Cimarex Energy (NYSE:...
Oklahoma Leasing Activity The HOTSPOT over the last 60 days continues to be NW McClain/NE Grady cos. EOG has a nice position there and...
Crude oil prices are holding above $60 a barrel. Rising U.S. crude production combined with higher oil rig counts and shale operators’...
The data in this Oklahoma activity report is provided by Oseberg, a next-generation oil & gas information and data analytics company that...
Oil Rig Count Hits 800 Oklahoma gains 3 to 124; U.S. Rigs climb by 3 Bloomberg reported that U.S. oil explorers raised...
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. Oklahoma lost 1 rig, down to 43 rigs now running.
The total oil and gas rig count, an early indicator of future output, fell by four to 600 in the week to May 24, the lowest since January 2022. Baker Hughes said that puts the total rig count down 111, or 16%, below this time last year.
Oil rigs were unchanged at 497 this week, while gas rigs fell by four to 99, their lowest since October 2021.
That cut the rig count in several states and one basin to their lowest levels in years.
In Texas, the state with almost half of the country's operating rigs, the count fell by three to 287, the lowest since February 2022, while in West Virginia, drillers cut two rigs, leaving just six active units, the lowest since August 2020.
In the Marcellus in Pennsylvania, West Virginia and Ohio, the nation's biggest shale gas-producing basin, the rig count fell by three to 26, the lowest since October 2021.
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
Natural gas remains the leading source of electricity generation in the United States, but...
President Donald Trump used his address at the United Nations General Assembly this week...
West Texas holds a treasure trove of natural gas that could become a critical...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
Have your oil & gas questions answered by industry experts.