Category: Exploration and Production

Cushing, Oklahoma Oil Storage Hits Tank Bottom: Implications for Energy Markets, Consumers, and Investors

Clark Savage310

Cushing, Oklahoma — often called the “Pipeline Crossroads of the World” — is facing critically low crude oil storage levels, with inventories hovering near operational “tank bottoms.” As of the week ending June 5, 2026, Cushing held approximately 21.64 million barrels of crude oil (excluding the Strategic Petroleum Reserve), according to U.S. Energy Information Administration […]

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Enhanced Recovery Techniques in Oil and Gas: The Game Changer for a Global Energy Security Renaissance

Clark Savage124

In an era of geopolitical uncertainty, maturing conventional fields, and rising global energy demand, the oil and gas industry stands at the threshold of a profound renaissance in energy security. The key? Enhanced recovery techniques—often called tertiary or enhanced oil recovery (EOR)—that unlock vast volumes of oil already discovered but left behind in existing reservoirs. […]

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ExxonMobil and Chevron book $7.6 billion combined profit from Guyana in 2025 — what energy investors need to know

Clark Savage199

Guyana’s offshore Stabroek block continues to deliver exceptional results for two of the world’s largest energy companies. In 2025, ExxonMobil reported approximately $4.67 billion in profit from its Guyana operations, while Chevron (through its acquisition of Hess) reported $2.89 billion. The combined $7.56 billion underscores the block’s status as one of the most profitable and […]

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U.S. Weekly Rig Count Rises Sharply to 557 as Oil Activity Strengthens in Core Basins

Clark Savage209

The latest U.S. Rig Report from WellDatabase, dated June 12, 2026, shows the total active U.S. rig count at 557 — up 15 rigs week-over-week and +2 year-over-year. This marks a meaningful rebound after a period of relative stability.energynewsbeat.co The increase was driven primarily by oil-directed drilling, with gains concentrated in the Permian Basin and […]

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Guyana’s Oil Boom Gets a Major Boost From Higher Oil Price. And not being in a choke point helps

Clark Savage164

As global oil prices remain elevated amid geopolitical tensions — including recent spikes tied to Middle East conflicts and risks around the Strait of Hormuz — Guyana’s offshore oil sector is surging ahead. This tiny nation (population under 1 million) is delivering one of the world’s most remarkable energy success stories, proving that energy security […]

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Kinder Morgan’s Gulf Coast Express Expansion About to Come On Line – And It Will Impact More Than Natural Gas Prices

Clark Savage254

As of early June 2026, Kinder Morgan’s long-awaited Gulf Coast Express (GCX) pipeline expansion is entering service, marking a major step forward for natural gas takeaway from the Permian Basin. The fully contracted, $455 million project (Kinder Morgan’s share approximately $161 million) adds 570 MMcf/d of incremental capacity through new compression along the existing 500-mile […]

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