US crude oil production hit a record in August with 13.05 million barrels per day, even as the number of rotary US oil rigs declined. The Permian basin has been the focal point for US […]
Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached […]
(WO) – On Monday, Oct. 30, Reuters reported that London-based bp has “held talks in recent weeks” with multiple entities to form joint ventures in various U.S. shale patches. The joint ventures would include its […]
Daily Standup Top Stories GE Offshore Wind to Post $1 Billion Loss in 2023, Again in 2024 October 29, 2023 Allen Santos General Electric Co. expects its offshore-wind operations to post annual losses of about $1 billion […]
NEW YORK, Oct 26 (Reuters) – ConocoPhillips (COP.N) is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as consolidation in the […]
The total number of active drilling rigs in the United States rose by 2 this week after climbing by 3 last week, according to new data that Baker Hughes published Friday, as drillers continue to […]
October 18, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, September 2023 We estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% (5.0 billion cubic […]
Exxon Mobil’s investors now prefer the company use its share price and financial might to acquire existing oil and gas production rather than spend on drilling that could take years to pay off. In the last […]
The White House may have blamed Exxon Mobil for high energy prices taking their toll on consumers, but would struggle to thwart the top U.S. oil producer’s contemplated $60 billion acquisition of Pioneer Natural Resources, five antitrust lawyers and […]
(Bloomberg) – U.S. crude oil production reached the second-highest level on record in July as output from Texas’s Permian basin soared to an all-time high. The nation’s production rose to 12.991 MMbpd, the highest since […]
Copyright © 2025 | Sandstone Group