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Crude Oil News

USGS Unveils Massive Undiscovered Oil and Gas Resources in Texas’ Permian Basin

January 17, 2026 Clark Savage

In a groundbreaking assessment that underscores the enduring potential of America’s energy heartland, the U.S. Geological Survey (USGS) has revealed significant undiscovered oil and gas resources in the Woodford and Barnett shales within the Permian […]

Crude Oil News

U.S. Total Rig Count Down One This Week With Production Also Down

January 17, 2026 Clark Savage

The U.S. oil and gas industry saw a slight decline in drilling activity this week, with the total rig count dropping by one to 543, according to the latest data from Baker Hughes. This continues […]

No need to drill when margins are gone - Harold Hamm - Energy News Beat
Big Oil Companies

Harold Hamm Says There Is No Need to Drill at $58 per Barrel

January 16, 2026 Clark Savage

In the ever-volatile world of oil markets, few voices carry as much weight as that of Harold Hamm, the billionaire wildcatter and founder of Continental Resources. As oil prices hover in the low $50s to […]

Crude Oil News

2026 Rig Count Starts Out on a Down Note

January 10, 2026 Clark Savage

As we kick off 2026, the U.S. oil and gas industry is signaling caution, with the latest rig count data showing a slight decline to start the year. According to the weekly report from Baker […]

Rig Countdown by 6 this week
Crude Oil News

US Oil Drillers Drop 6 Rigs This Week According to Baker Hughes: What Is the Impact to Consumers and Investors?

December 20, 2025 Clark Savage

In the latest Baker Hughes weekly report, the US oil and gas rig count declined, reflecting ongoing challenges in the energy sector amid fluctuating prices and market pressures. The total active drilling rigs fell by […]

Crude Oil News

Global Oil Demand to Increase Over the Next 15 Years: What Does This Mean for Investors?

December 14, 2025 Clark Savage

In a world increasingly focused on energy transitions and geopolitical tensions, recent projections paint a picture of sustained growth in global oil demand. According to a report from the CNPC Economics and Technology Research Institute, […]

Crude Oil News

EIA forecasts U.S. crude oil production will decrease slightly in 2026

December 13, 2025 Stu Turley

 In-brief analysis December 12, 2025 EIA forecasts U.S. crude oil production will decrease slightly in 2026 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), December 2025   In our latest Short-Term Energy Outlook, we forecast U.S. crude […]

Crude Oil News

A Challenging and Volatile Year for U.S. Shale

December 13, 2025 Clark Savage

Oil had a weak and volatile year, while natural gas outperformed on the back of LNG approvals, higher breakevens, and emerging data-center demand. Despite price pressure, U.S. E&Ps outperformed expectations, and production is unlikely to […]

TotalEnergies
Big Oil Companies

Why Are the Supermajor Oil Companies Rushing into Libya at the Same Time?

December 8, 2025 Clark Savage

In a move that feels like a seismic shift in the global energy landscape, the world’s biggest oil giants—ExxonMobil, Chevron, BP, Shell, TotalEnergies, and Eni—are all piling into Libya simultaneously after more than a decade […]

OIl pumpjack, Sanbenito County Photo by Katy Grimes for Caifornia Globe
Crude Oil News

New Report Warns Consequences of an Oil Pipeline Shutdown Would ‘Cascade Across the State’

December 7, 2025 Clark Savage

ENB Pub Note: This article is a fantastic follow-up to the interview that Stu Turley, Mike Umbro, and Katy Grimes had on the Energy News Beat Podcast on Friday. This is a gigantic Energy Security […]

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