In the wake of geopolitical shifts and Europe’s ongoing quest for energy security, U.S. oil supermajors are ramping up their presence in the liquefied natural gas (LNG) market. Companies like ExxonMobil and Chevron are expanding […]
Plains All American Pipeline is grappling with a crude quality scare on its Permian-to-Corpus Christi system, raising questions for both refiners and exporters at the Gulf Coast’s busiest hub. A notice seen by Reuters and […]
Data source: U.S. Energy Information Administration, Petroleum Supply Monthly (total U.S. production) and Enverus (county-level data) Data values: U.S. Field Production of Crude Oil Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by […]
The U.S. rig count continues its downward trend, reflecting a cautious approach by drillers amid fluctuating oil prices, economic uncertainties, and a focus on capital discipline rather than aggressive expansion. According to the latest data […]
I have always loved the Monty Python skits, and my favorite is Monty Python and the Holly Grail. The line “I’m not dead yet” is still applicable to the United States shale and dare say […]
Diamondback Energy, Inc. (NASDAQ: FANG), a leading independent oil and natural gas company focused on the Permian Basin, released its second-quarter 2025 financial and operating results on August 4, 2025. Alongside the earnings report, the […]
In a strategic move to bolster its financial position, Occidental Petroleum (Oxy) has announced the sale of select Permian Basin assets, generating approximately $950 million in proceeds earmarked for debt reduction. This divestiture aligns with […]
In a challenging energy landscape marked by fluctuating oil prices, ExxonMobil Corporation (XOM) has delivered a robust second-quarter 2025 earnings report, underscoring the strength of its upstream operations. The company’s performance was significantly bolstered by […]
The U.S. energy sector continues to face headwinds as the latest data from Baker Hughes reveals another decline in the national rig count. As of July 25, 2025, the total U.S. rig count stands at […]
The U.S. oil industry has been a powerhouse of global energy production for over a decade, largely fueled by the shale revolution and the explosive growth in the Permian Basin. However, a recent analysis from […]
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