Inflation in the oil sector is worsening and industry executives see no reason to expect cost pressures on everything from steel pipe to frac sand to ease any time soon. The price spiral has been […]
U.S. shale producers have exercised astonishing capital discipline in recent years. Despite calls on U.S. oil firms to ramp up production, many producers are being plagued by rising costs and supply chain bottlenecks. “Whether it’s […]
As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO Vicki Hollub said U.S. producers cannot increase output right away. “We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. […]
America’s shale industry is looking to ramp up production, but it is facing two major hurdles that could curb its trajectory. Supply chain issues, runaway inflation and a growing labor shortage have hindered the industry’s […]
CEO sees U.S. oil growing up to 900,000 barrels a day in 2022 Warning comes after Exxon, Chevron plan Permian Basin boost ConocoPhillips said traders should be worried about strong oil production growth coming out of […]
(Bloomberg) –Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of the pandemic, […]
Source: Graph by U.S. Energy Information Administration, based on state administrative data collected by Enverus Drillinginfo Inc. Dry natural gas production from shale formations in the Appalachian Basin that spans Pennsylvania, West Virginia, and Ohio has been growing since […]
Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report shows. The number of completed wells in […]
Vitol Group is buying Hunt Oil Co.’s Permian Basin business as the biggest independent crude trader makes a major move into the world’s busiest shale patch. The deal includes 44,000 acres across five counties in the […]
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