The relentless pace of transactions in the US shale sector signals that industry players are gearing up for a future with limited...
By Alex Kimani |OilPrice.com| The U.S. Department of Energy has finalized a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum...
Post Oak Minerals V, LLC (“POM V”), an affiliate of Post Oak Energy Capital, LP (“Post Oak”), has announced a significant milestone...
Story Credit: Bloomberg – By Bill Lehane| According to the Renaissance Energy Advisors consultancy, American crude grade WTI Midland has replaced West...
Insurers are now assessing the financial fallout from last week’s massive CrowdStrike software glitch, which crashed computers, canceled flights, and disrupted hospitals...
Helmerich & Payne, Inc. and KCA Deutag International Limited (“KCA Deutag”) announced a definitive agreement under which the H&P drilling company will...
By Bloomberg|Julia Fanzeres and Jordan Fitzgerald | Oil rose, clawing back from a run of losses, after a government report showed that...
By Alex Kimani for Oilprice.com |A week ago, Kuwait Oil Company (KOC) announced a significant discovery of light oil and associated gas in...
An Oklahoma court has issued a temporary injunction on a state law designed to prevent investments in companies that do not align...
During the Republican National Convention in Milwaukee, Donald Trump accepted the presidential nomination with fervent chants of “drill, baby, drill,” emphasizing his...
Coterra Energy has recently released its last Marcellus Shale rig and may suspend well completions in the area. CEO Tom Jorden announced at a conference that the company currently has no active rigs in the Marcellus, with only one frac crew remaining. Once this crew finishes its work, Coterra may halt all completion activities in the region.
The company is shifting its capital towards more liquids-rich areas such as the Permian and Anadarko basins. This strategic move comes as low gas prices negatively impact exploration and production companies focused on natural gas. Coterra, formed from the merger of Cimarex Energy and Cabot Oil & Gas, is leveraging its diverse portfolio to adapt to market conditions.
Coterra's decision to potentially pause operations in the Marcellus is significant given the company's historical involvement in the play. Cabot Oil & Gas, now part of Coterra, was an early developer of the horizontal Marcellus play, following Range Resources, which is credited with discovering the play in 2007. As of the end of 2023, Coterra held approximately 186,000 net acres in the Marcellus dry gas window, primarily in Susquehanna County, Pennsylvania.
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A federal judge has hit the pause button on new oil and gas drilling...
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By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
A small group of California Republicans has introduced several bills ahead of a special...
Helium is the second most abundant element in the universe after hydrogen. It is a...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
By Irina Slav for Oilprice.com | Crude oil prices moved higher today after the...
The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC),...
Chris Matthews from Hart Energy, who covers the North American upstream shale energy industry...
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