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Crude Oil News

US oil, gas rig count jumps 16 to 716 as Permian sees biggest weekly gain: Enverus

December 19, 2021 Clark Savage

The US oil and gas rig count jumped 16 to 716, energy analytics and software company Enverus said Dec. 16, with the Permian by far recording the biggest weekly domestic gain. The week’s total rig […]

Finance

Colorado Drillers to Combine, as Consolidation Continues in Oil Patch

May 10, 2021 Stu Turley

Two oil-and-gas producers that operate in Colorado— Bonanza Creek Energy Inc. BCEI -1.32% and Extraction Oil & Gas Inc. XOG 1.12% —plan to announce Monday that they are combining into a company valued at about $2.3 billion. The all-stock, no-premium merger of companies that produce […]

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