US Shale Producer Pioneer Increases Production Cost Forecast
Shale producer Pioneer Natural Resources Co. said on April 28 it anticipated production...
Shale producer Pioneer Natural Resources Co. said on April 28 it anticipated production costs to come in above first-quarter guidance, according to a filing with the U.S. Securities and Exchange Commission.
Pioneer said it would maintain its 2022 production and capital guidance program, but that well costs were higher due to gathering, processing and transportation charges, as well as production and ad valorem taxes. It did not disclose the change in guidance.
The Irving, Texas-based company said first-quarter production averaged 355,000 bbl/d of oil and 638,000 boe/d compared with 281,000 bbl/d of oil and 474,000 boe/d, a year earlier.
Shell, Archaea consider Pa. for carbon dioxide storage
The Pennsylvania Department of Energy met with Shell and Archaea Energy to discuss possible plans to...
The Pennsylvania Department of Energy met with Shell and Archaea Energy to discuss possible plans to develop the state's first wells to store carbon dioxide. The Class VI wells that the companies are considering are rare in the US, but are part of a larger push to cut carbon dioxide emissions.
Crude oil in the US is on track for the fifth straight month of gains, with US West Texas Intermediate...
Crude oil in the US is on track for the fifth straight month of gains, with US West Texas Intermediate crude was up $2.53 $107.89 per barrelon Friday at @10:54 AM ET, while Brent was up $2.65 at $109.85 per barrel. The prices are rising due to the strengthening likelihood that Germany will join with other European Union members in the embargo on Russian oil.
Oklahoma is one of at least 17 states in the past few years that adopted laws aimed at protesters who...
Oklahoma is one of at least 17 states in the past few years that adopted laws aimed at protesters who go too far in their opposition to energy projects such as oil and gas pipelines. A federal appeals court prepares to hear one such case where a woman who fought the Dakota Access Pipeline was convicted of being a “terrorist” and sentenced to 8 years in prison.
Oil prices rally on report that Germany drops opposition to Russian oil embargo
Germany’s announcement that it was prepared to end Russian crude oil purchases and support a total...
Germany’s announcement that it was prepared to end Russian crude oil purchases and support a total ban prompted an increase Thursday in the world’s crude oil prices.
In the U.S., West Texas Intermediate crude rose more than 3% or $3.34 to finish the day’s trading at $105.36 a barrel while global benchmark Brent crude went up $2.27 or about 2% and closed at $107.59 a barrel.
While oil prices rose, natural gas prices fell more than 6%. June natural gas dropped 45 cents to $6.89 per 1,000 cubic feet.
