By: Daniel Graeber – Houston Chronicle – High oil prices and runaway inflation will eventually curb demand — and possibly lead to...
By: Kyle Bakx – CBC – With so much pain at the gas pumps these days and the extraordinary price of oil...
Yang Li Hu, a 12-year-old Chinese oil tanker with a bright blue and red hull, was laden with oil as it set...
(Bloomberg) — The owners of Laredo Energy VI LP, a gas driller focused in the Eagle Ford Shale in South Texas, are...
By: Michael Dekker – Tulsa World – With oil and gasoline prices setting new records on a daily basis for weeks, there...
By: Reuters – Oil prices dipped on Thursday but still hovered near three-month highs after parts of Shanghai imposed new COVID-19 lockdown...
Treasury Secretary Janet Yellen indicated the EU and US are in talks to curb Russian oil revenue. It comes as Russia reels...
By: Reuters – Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas (LNG) adviser, according to a job listing,...
Another week, another record high for gas prices. And there seems to be no immediate relief in sight. Story Credit: Medora Lee,...
By: Bloomberg News – Oil fluctuated after top exporter Saudi Arabia signaled confidence in demand with a bigger-than-expected price increase of its...
This week, U.S. energy firms added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes. Despite this week's rig increase, the total count was still down 116, or 16% below this time last year.
The total oil and gas rig count, an early indicator of future output, rose by one to 604 for the week of May 17. Oil rigs rose by one to 497 this week, while gas rigs were unchanged at 103.
The oil and gas rig count dropped about 20% in 2023 after rising by 33% in 2022 and 67% in 2021, due to a decline in oil and gas prices, higher labor and equipment costs from soaring inflation, and as companies focused on paying down debt and boosting shareholder returns instead of raising output.
The Permian Basin, long celebrated as the crown jewel of America’s shale revolution, is...
As it ages, the Permian Basin is producing more water, gas, and less oil...
In 2024, Texas’s oil and natural gas industry achieved unprecedented production milestones, reinforcing the...
Story by Darrell Proctor | PowerMag.com | Officials in Pennsylvania have announced the redevelopment...
By Tsvetana Paraskova for Oilprice.com | As Saudi Arabia pushes ahead with its ambitious...
Iron Oak Energy Solutions LLC, a prominent proppant supplier in North America, has announced...
Chevron Corporation has announced plans to lay off approximately 600 employees at its former...
by Andreas Exarheas|RigZone.com| In a market update sent to Rigzone by the Rystad Energy...
The oil and gas industry enters the second quarter of 2025 with cautious optimism....
Story By Andreas Exarheas |RigZone.com| U.S. commercial crude oil inventories, excluding those in the...
As oil prices sink to their lowest levels in four years and the risk...
In the wake of President Donald Trump’s re-election in November 2024, his administration swiftly...
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