In the aftermath of category 5 hurricanes that hit the U.S. and the Caribbean, oil supply and the markets have seen change....
Does a Location Exception always leads to a horizontal completion? What is the value of tracking, analyzing, and mapping Location Exceptions? Intuitively, one...
First, a definition for post-production deductions (PPD) is necessary. Operators consider exploration and the drilling phase to be exclusively working interest owner’s...
AMSTERDAM (Reuters) – Oil prices stabilized on Monday after one of the most bearish weeks in months, propped up by OPEC comments...
The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 936. That’s up...
Challenges of managing produced water in the face of rising transport costs, freshwater shortages, and constraints on disposal are giving rise to...
The total active U.S. rig count fell by 1 to 935, according to Baker Hughes. That’s still up from the 511 rigs...
With the flurry of both drilling and leasing currently permeating the SCOOP/STACK/MERGE plays of Oklahoma, some of the biggest questions asked by...
Highlights from Oseberg’s September 11th weekly report on oil and gas activity in Oklahoma: Council Oak Resources stays on top of the leasing...
The total active U.S. rig count, which includes oil and natural-gas rigs, rose by 1 to 944, according to Baker Hughes. Baker...
U.S. energy firms cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, fell by four to 559 in the week to June 6, the lowest since November 2021. Oil rigs fell by nine to 442 this week, while gas rigs rose by five to 114.
Total rig counts in the Permian Basin in West Texas and eastern New Mexico, the Eagle Ford in South Texas and in the state of Texas all fell this week to their lowest levels since November 2021. Oklahoma dropped 2 rigs, now with 50 rigs running.
U.S. stocks closed sharply higher on Friday, with the Dow Jones Industrial Average erasing its 2025 loss as investors weighed a stronger-than-expected jobs report.
The Dow rallied 443.13 points Friday, or 1%, to end at 42,762.87.
The S&P 500 gained 61.06 points, or 1%, to close at 6,000.36.
The Nasdaq Composite climbed 231.50 points, or 1.2%, to finish at 19,529.95.
Friday marked the first time since Feb. 21 that all three equities benchmarks closed in positive territory on a year-to-date basis, according to Dow Jones Market Data. The S&P 500 ended 2.3% below its record closing peak notched Feb. 19.
The U.S. economy added 139,000 jobs in May while the unemployment rate remained unchanged at 4.2%, according to a report Friday from the Bureau of Labor Statistics. The pace of job growth slowed last month, but the total number of jobs created was stronger than Wall Street expected.
All three major U.S. stock-market benchmarks booked back-to-back weekly gains, with investors appearing encouraged by President Donald Trump’s phone call this week with China’s leader Xi Jinping about trade. The Dow rose 1.2% for the week, while the S&P 500 advanced 1.5% and the technology-heavy Nasdaq rallied 2.2%.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
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