Permian rigs up 12 to recent record of 284 Highest level for the play since mid-April 2020 SCOOP-STACK returns to pre-pandemic level The US oil and gas rig count jumped 11 to 683 in the […]
Harold Hamm, one of the richest and most prominent shale wildcatters, is finally taking a stake in North America’s biggest oil field. Continental Resources Inc., the shale driller created and controlled by Hamm, agreed to […]
The Permian Basin looks strong until at least 2025 despite challenges from Biden’s alternative energy push, with oil output climbing steadily after its dip during the 2020 pandemic, as companies rush to consolidate their assets […]
Updated August 11 to correct the May 2020 Midland crude oil production total. Source: Graph by the U.S. Energy Information Administration (EIA), based on EIA’s Petroleum Supply Monthly (U.S. and Texas) and data from Enverus Inc. (Midland Basin […]
ExxonMobil pumped 400,000 b/d of oil equivalent from the Permian Basin in Q2 021, which it aims to increase by 40,000 boe/d in Q3 through continued operating efficiencies, the company said July 30. Jack Williams, […]
Oil and gas development in the Permian Basin continued to resume as the fossil fuel markets recover from 2020’s collapse created by the COVID-19 pandemic. As prices rebounded this year from historic declines last year, […]
Copyright © 2023 | Sandstone Group