US oil and gas producers are finally seeing some relief from soaring inflation, but any cost savings are likely to be put back into shareholder returns rather than invested in production growth. During first quarter […]
The cost of drilling for shale oil is dropping for the first time in about two years as demand for equipment and workers wavers. Prices for key oilfield inputs such as steel pipe and fracking […]
Summary In this article, I start by explaining why I believe that we should expect a prolonged period of elevated energy prices, supported by rapidly declining supply growth in the US. I present three oil […]
The Permian basin has not yet seen peak oil production, according to Occidental’s chief executive Vicki Hollub. The executive believes that growth in the play’s production rates will even offset declines in other shale basins across the […]
The oil giant has held preliminary talks with Pioneer Natural Resources Co. PXD 5.79% , a Texas fracker with a roughly $52 billion market capitalization, about a potential acquisition, The Wall Street Journal reported last week. Exxon, which has been […]
Top executives with Chevron Corp. continue to eye massive production growth from the company’s Permian assets while also acknowledging some shortcomings in the Delaware Basin. “The headline is our production guidance is unchanged, 3% compounded […]
HOUSTON, Feb 1 (Reuters) – U.S. energy pipeline operator Enterprise Products Partners (EPD.N) was bullish on oil production from the top U.S. shale basin, the firm said on Wednesday, predicting that international demand for U.S. oil and […]
The largest U.S. oil producer is battling lawsuits that accuse it and other oil companies of contributing to global warming and rising sea levels. At the same time, it has moved to cut its own […]
Texas’ 417,513 miles of intrastate oil and gas pipelines are crucial are to solving the state’s problem with methane emissions and flaring and the presidents of the Texas Pipeline and Texas Independent Producers & Royalty […]
The traditional oil and gas facilities it bought in the Texas oil field were sending more greenhouse gases into the atmosphere than those of its Permian peers. Now, BP is upgrading those traditional well sites with more […]
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