Summary As oil production in the Permian has increased, natural gas production has also seen significant growth, creating opportunities for midstream companies. Permian pipeline operators are expanding existing natural gas pipes, while one new build […]
Keith Stelter, VP of Sales and Marketing at 423 Mechanical stopped by the Energy News Beat podcast. I have enjoyed watching and reading Keith’s posts on LinkedIn and enjoyed his balance of industry knowledge and […]
(The Center Square) – Gross natural gas withdrawals from the Permian Basin in west Texas and southeastern New Mexico set an annual record high last year, reaching 21 billion cubic feet per day (Bcf/d), according […]
Nearly half of about 100 exploration and production (E&P) companies surveyed by the Federal Reserve Bank of Dallas say they expect their drilling and completion costs at yearend to be below those of late 2022. […]
Drilling activity continued to slump across the board, though the decline appears to have slowed. Oilfield services firm Baker Hughes said Friday its US rig count, which it has released weekly since 1944, dipped by […]
(Reuters) – The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, attracting more than $78 million in […]
More land was set for sale to the oil and gas industry in southeast New Mexico as land managers looked to retool federal rules to prioritize conservation throughout the U.S. The Bureau of Land Management […]
US oil and gas producers are finally seeing some relief from soaring inflation, but any cost savings are likely to be put back into shareholder returns rather than invested in production growth. During first quarter […]
The cost of drilling for shale oil is dropping for the first time in about two years as demand for equipment and workers wavers. Prices for key oilfield inputs such as steel pipe and fracking […]
Summary In this article, I start by explaining why I believe that we should expect a prolonged period of elevated energy prices, supported by rapidly declining supply growth in the US. I present three oil […]
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