The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico. The Environmental Protection Agency is weighing labeling parts […]
HOUSTON, Jun. 23 /BusinessWire/ — SilverBow Resources, Inc. (NYSE:SBOW) (“SilverBow” or “the Company”) today announced it has received bank approval to amend its senior secured revolving credit facility (“Credit Facility”) to extend the maturity of […]
Crude prices were set to rise for the first session in three on Friday, though set for a weekly loss as the market has tried to buck worries over economic slowdowns that could cut into […]
A congressional committee investigated some of the largest oil and gas companies in the Permian Basin, finding they were likely under-reporting their emissions of methane air pollution to the federal government. The U.S. House Committee on Science, […]
Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up its assets for a sale of the company that could fetch more than $1 billion, according to people with knowledge of the situation. […]
Permian oil production growth is set to outpace OPEC heavyweight Iraq this year and next as demand for oil surges on historically tight supply, Rystad Energy research shows. Total oil output from the Permian, including both […]
Marketed natural gas production from the Permian Basin in western Texas and eastern New Mexico reached a new annual high of 16.7 billion cubic feet per day (Bcf/d) in 2021, according to the U.S. Energy […]
The number of total active drilling rigs in the United States rose by 14 this week, on top of the 9 rig increase in the week prior, according to new data from Baker Hughes published […]
This week, U.S. energy firms added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 We forecast that U.S. natural gas marketed production will increase to an average of 104.4 billion cubic feet per day (Bcf/d) in 2022 and then further increase to a […]
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