The U.S. oil and gas industry is experiencing a significant slowdown, with drilling activity dropping to levels not seen since late 2021. According to the latest data from Baker Hughes, the total number of active […]
Daily Standup Top Stories Russia-Ukraine Talks Stall: Will Congress Ramp Up Sanctions Pressure on Moscow? June 2, 2025 Clark Savage It has been clear for well over 6 months that President Trump does not have the […]
I have added the international 2025 numbers for the top producers above the current EIA Lower 48 production number report. The United States is the world’s leading crude oil producer in 2025, significantly outpacing other […]
News about massive oil and gas reserves identified in southwest Wyoming’s Mowry Shale formation has Josh Sorensen of Rock Springs reflecting on past booms. As president of Mountain States Pressure Service, Sorensen has over the […]
U.S. crude oil production grew by 270,000 barrels per day (b/d) in 2024 to average 13.2 million b/d, according to our Petroleum Supply Monthly. Almost all the production growth came from the Permian region. Our […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, April 2025 U.S. marketed natural gas production remained relatively flat in 2024, growing by less than 0.4 billion cubic feet per day (Bcf/d) compared with 2023 to average 113 Bcf/d, […]
Hess Corp. (NYSE:HES) has posted an impressive second-quarter earnings report with its stake in prolific Guyana helping it exceed estimates. Hess reported Q2 2024 non-GAAP EPS of $2.62, beating the Wall Street consensus by $0.07 while revenue of […]
North Dakota is close to hitting total oil production of 5 billion barrels, local media has reported, citing the director of the state’s Department of Mineral Resources. According to Lyn Helms, the biggest challenge for […]
(WO) –Morgan E&P, LLC, a wholly-owned subsidiary of Equus, has completed its first two wells in Billings County, North Dakota, the Baranko 1-28H and the Obrigewitch 1-33H. Morgan received its drilling permits from the North […]
Oil Price Oil production in the Bakken shale play is set to increase after Chevron’s acquisition of Hess, although volumes are unlikely to hit the records seen before 2020, analysts have told Reuters. Last week, Chevron […]
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