After three and a half years, a tripling in the S&P 500 Energy Index, and many soon-to-be-forgotten culture-war volleys, the U.S. Department of Energy announced Oct. 12 that U.S. crude oil production had hit an all-time […]
Reuters: the takeover of Pioneer by ExxonMobil may tighten control on production growth further. Energy investors boosted the market cap of the 10 largest shale independents by a total of $16 billion. The era of […]
Super-strong oil and gas economies. The Permian basin of West Texas and Southern New Mexico is the premier oil and gas basin of the U.S., and one of the most prolific basins in the world. It […]
Summary As oil production in the Permian has increased, natural gas production has also seen significant growth, creating opportunities for midstream companies. Permian pipeline operators are expanding existing natural gas pipes, while one new build […]
Keith Stelter, VP of Sales and Marketing at 423 Mechanical stopped by the Energy News Beat podcast. I have enjoyed watching and reading Keith’s posts on LinkedIn and enjoyed his balance of industry knowledge and […]
(The Center Square) – Gross natural gas withdrawals from the Permian Basin in west Texas and southeastern New Mexico set an annual record high last year, reaching 21 billion cubic feet per day (Bcf/d), according […]
Nearly half of about 100 exploration and production (E&P) companies surveyed by the Federal Reserve Bank of Dallas say they expect their drilling and completion costs at yearend to be below those of late 2022. […]
Drilling activity continued to slump across the board, though the decline appears to have slowed. Oilfield services firm Baker Hughes said Friday its US rig count, which it has released weekly since 1944, dipped by […]
(Reuters) – The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, attracting more than $78 million in […]
More land was set for sale to the oil and gas industry in southeast New Mexico as land managers looked to retool federal rules to prioritize conservation throughout the U.S. The Bureau of Land Management […]
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