(The Center Square) – As the Biden administration doubles down on its policies restricting domestic oil and gas production and promoting green energy, Texas is ramping up production and hiring people to work in the […]
DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement […]
(Reuters) – U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset the expected loss of Russian oil, according to shipping […]
The number of total active drilling rigs in the United States rose by 13 this week. U.S. oil rig count rises by 8 rigs. The rig count in the Permian Basin rose by 6 this […]
Source: WSJ Spurred by the highest oil prices in years, shale companies are moving drilling rigs back into oil fields that were all but abandoned a few years ago. Private oil producers are leading an industry […]
“That’s the max,” chief executive Rick Muncrief told analysts today, citing the steep backwardation in the oil market due to uncertainty around the potential return of Iranian supplies as well as other factors. “That’s why […]
Oil drillers set to increase U.S. production in the coming years face considerable headwinds from labor shortages in America’s most prolific shale patch, according to industry consultants Evercore ISI. The Permian Basin straddling Texas and […]
ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin, according to people with knowledge of the matter. The company is working […]
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 […]
Permian rigs up 12 to recent record of 284 Highest level for the play since mid-April 2020 SCOOP-STACK returns to pre-pandemic level The US oil and gas rig count jumped 11 to 683 in the […]
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