Apache Corporation (NYSE: APA) continues to work through proving out its Alpine High oil discovery in west Texas’ Permian Basin that it...
All oil fields see their production levels deplete as they age. Shale wells infamously suffer from exponential decline, with their production rates...
Marathon Oil Corp.(NYSE: MRO) has agreed to sell off its Canadian oil sands business for $2.5 billion, and buy 70,000 net acres...
Oil Falls as Rigs Rise The oil market had remained stable the past few months, with prices moving little and hovering between $51 to...
It’s likely many of you are following activity in Oklahoma’s Sooner Trend Anadarko Basin Canadian and Kingfisher counties (STACK) play with keen...
Does anyone believe there could be another bubble forming in oil and gas assets, specifically minerals and non-op interests? Seems there is...
The game seems to be awash with money. Untold millions have been deployed to buy minerals and leases from Carter to Dewey....
Weekly count of U.S. oil rigs topped 600 for the first time since October 2015 The latest sign of recovery in the...
More than 10,000 people attended the NAPE Summit at the George R. Brown Convention Center this week. When the exhibit floor opened...
There have been many casualties of the commodity prices slump and 2016 was as big year for oil and gas bankruptcies. According...
BRENT's six-month calendar spread is signalling a severe shortage of oil as sanctions cut off exports from Russia. The spread is currently trading in a backwardation of more than $13 per barrel. Last time backwardation was this severe was in Sep-Oct 1990 after Iraq invaded Kuwait pic.twitter.com/tZ0NupP0A7
— John Kemp (@JKempEnergy) March 1, 2022
Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about supply disruptions from Russia's invasion of Ukraine, and instead underscored energy shortage concerns.
Members of the International Energy Agency (IEA), which includes the United States and Japan, agreed to release 60 million barrels of crude from their reserves to try to quell the sharp increase in prices that pushed major benchmarks past $100 a barrel. read more
Brent futures rose $7.00, or 7.1%, to settle at $104.97 a barrel, their highest close since August 2014.
U.S. West Texas Intermediate (WTI) crude rose $7.69, or 8.0%, to settle at $103.41. That was its highest close since July 2014 and its biggest daily percentage gain since November 2020.
The Yates Oil Field, located in the heart of the Permian Basin, remains one...
Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of...
Whether the weakness persists will show up first in structure and stocks: if spreads...
Operators across the Lower 48 are entering a pivotal new phase of development, where...
The Oklahoma House Energy Committee recently took a hard look at how the Oklahoma...
OPEC+’s production hikes have been a tool to both punish countries that were overproducing...
Algeria has taken another major step to revitalize its oil and gas sector, signing...
In a rare win for both production and environmental performance, a new analysis by...
by Andreas Exarheas|Rigzone Staff |RigZone.com |Executives from oil and gas firms have revealed their expectations...
Despite years of glossy sustainability campaigns and promises to lead the energy transition, the...
By Irina Slav for Oilprice.com | The amount of oil on tankers in transit...
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