By: Ari Natter – Bloomberg – The oil and gas industry shed nearly 51,000 drilling and refining jobs in March, a 9%...
By: Kenneth Rapoza – Forbes – Sorry, Greta. Sorry, Extinction Rebellion. We haven’t seen the end of the oil industry yet. The...
By: Jordan Fabian and Jennifer A. Dlouhy – Bloomberg – President Donald Trump said his administration is working on a plan to...
Bloomberg Wire – Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more...
Stay updated on Oklahoma oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. Only...
Avi Salzman – Barrons – Oil futures plunged on Monday as an enormous oversupply of crude is building up at U.S. pipelines....
David Wethe, (Bloomberg) — No one is feeling the pain of an oil collapse more than the shale producers. Except, perhaps, their...
By Stephen Clayman – When credit is cheap, commodity prices are adequate, and the wells are economic, it is easy for an...
Reuters – Texas oilman Mike Shellman has kept his MCA Petroleum Corp going for four decades, drilling wells through booms and busts...
By: Kevin Crowley & Rachel Adams-Heard at Bloomberg – One of the biggest Texas shale explorers warned it will halt all drilling...
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.
Story By Andreas Exarheas|Rigzone.com| The natural gas market is impacted by a combination of...
The Energy Workforce & Technology Council (EWTC) has just released its 2024 Workforce Report,...
Story from BBC News|Mark Poynting & Esme Stallard | The UK is about to...
When Cindy Taff was a vice president at Shell in Houston, she often worked...
By World Oil | The Bureau of Safety and Environmental Enforcement (BSEE) has activated its...
Chevron’s $53 billion acquisition of Hess Corporation has caught the attention of the Federal...
Story By Melody Petersen|Los Angeles Times|Escalating his fight against the fossil fuel industry, Gov....
U.S. shale oil and gas executives are increasingly shifting toward electric rigs and fracking...
The Dallas Fed conducts the Dallas Fed Energy Survey quarterly to obtain a timely...
Story by Tsvetana Paraskova for Oilprice.com: The slump in U.S. natural gas prices in...
Diamondback Energy, Kinetik Holdings, and EPIC Midstream have announced a series of transactions designed...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
Have your oil & gas questions answered by industry experts.