The latest WellDatabase US Rig Report for June 26, 2026, shows the U.S. active rig count rising by 1 rig week-over-week to 550. This modest increase bucks a broader pattern of stability over the past year and comes against a backdrop of sharply tightening crude oil inventories—especially at the critical Cushing, Oklahoma hub—and continued draws […]
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In a major boost for America’s energy security and domestic coal industry, President Donald J. Trump today invoked the Defense Production Act (DPA) to direct nearly $700 million in federal support for coal-fired power plants, new construction, restarts, and critical export infrastructure. The announcement, made during an Oval Office event focused on “Beautiful, Clean Coal,” […]
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Alaska is experiencing a genuine renaissance in its oil and gas sector. After decades of declining production that saw output fall from a peak of nearly 2 million barrels per day two decades ago to below 600,000 barrels per day in recent years, the state is poised for a significant rebound. Record-breaking lease sales, major […]
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Even the most optimistic reopening of the Strait of Hormuz won’t deliver a quick fix. Physical barrels tell a far harsher story than paper futures. Art Berman (@aeberman12) nailed it in his May 25, 2026, post: There is no clean, modelable “successful reopening” of the Strait of Hormuz. Even in the wildly optimistic scenario, the […]
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In a major breakthrough for Alaska’s long-awaited natural gas infrastructure, Glenfarne Alaska LNG announced on May 18, 2026, a 30-year gas sales precedent agreement with ConocoPhillips Alaska. The deal supplies natural gas from Alaska’s North Slope for Phase One of the Alaska LNG project. Combined with existing agreements from ExxonMobil, Hilcorp Alaska, and Great Bear […]
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Houston, TX – April 16, 2026 – The latest U.S. rotary rig count data shows a modest pullback in drilling activity. According to Baker Hughes, the total U.S. rig count for the week of April 10, 2026, stands at 545 rigs, down 3 rigs week-over-week (WoW) from 548 the prior week. Year-over-year (YoY), activity is […]
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ENB Pub Note: This article first ran in the Washington Times, and it is spot on. My Grandfather is credited with being one of the geologists who discovered the North Slope, and we have yet to take advantage of the resources there. We will cover this on the Next Energy News Beat Stand Up. By […]
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The Bureau of Land Management (BLM) opened bids yesterday for the first competitive oil and gas lease sale in the National Petroleum Reserve–Alaska (NPR-A) since 2019 — and the results are stunning. Industry submitted 430 bids on 187 tracts covering approximately 1.335 million acres out of the 5.5 million acres offered across more than 600 […]
Continue ReadingIn a major boost for U.S. energy infrastructure and Alaska\’s economy, the Alaska LNG project has secured all necessary federal permits ahead of schedule, paving the way for what could become one of the largest natural gas developments in North America. This milestone, achieved under the Federal Permitting Improvement Steering Council\’s oversight, marks the end […]
Continue ReadingThe Golden State\’s Fading Oil Legacy California, once a powerhouse in U.S. oil production, is watching its storied industry fade into history. From a peak of 760,000 barrels per day (b/d) in 2000, output has plummeted to just 250,000 b/d in 2025. This decline isn\’t just a matter of exhausted wells; it\’s the result of […]
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