By Laila Kearney Sept 15 (Reuters) – North Dakota oil production jumped to more than 1 million barrels a day in July for the first time in two months but remained below its peak as the coronavirus pandemic continued to hamper output in the state’s Bakken shale field, a state official said on Tuesday. Crude […]
Read More North Dakota oil output rose about 20% in July | Reuters
Ban Would Jeopardize Over 200,000 Gulf Coast Jobs, Millions in Revenue for States September 9, 2020 AUSTIN – The Texas Oil and Gas Association (TXOGA), Louisiana Mid-Continent Oil and Gas Association (LMOGA) and the American Petroleum Institute (API) today released a new analysis warning of negative consequences from a proposed ban on federal leasing on natural […]
Read More New Analysis Shows Gulf Coast States Among Hardest Hit by Proposal to Ban Federal Leasing and Offshore Development – TXOGA
Claims include Negligent Failure to Warn, Trespass, Nuisance and Consumer Fraud Act violations Attorney General Kathy Jennings announced Thursday that Delaware is suing 31 fossil fuel companies on behalf of the state’s residents and businesses to hold them accountable for decades of deception about the role their products play in causing climate change, the harm […]
Read More AG Jennings announces suit to hold Exxon, American Petroleum Institute, 29 others accountable for climate change costs – State of Delaware News
President Trump on Tuesday moved to block oil and gas drilling off the coasts of Florida, Georgia and South Carolina until mid-2032, a decade longer than drilling is currently delayed off Florida’s Gulf Coast. “I will sign a presidential order extending the moratorium on offshore drilling on Florida’s Gulf Coast and expanding it to Florida’s Atlantic […]
Read More Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill
NEW YORK (Reuters) – U.S. oil production rose in June, but did not fully recover from a dramatic plunge in May, according to a government report on Monday. U.S. oil output rose 420,000 barrels per day in June to 10.436 million barrels a day, the U.S. Energy Information Administration said in a monthly report on […]
Read More U.S. oil production rose to 10.4 million bpd in June: EIA – Reuters
Photo: James Durbin/The Oilfield Photographer/ Midland Reporter Telegram Buy Photo (Bloomberg) — Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered an unprecedented collapse in drilling. Drillers in the Permian Basin of West Texas […]
Read More Permian oil drillers bounce back with biggest rig hike this year – Midland Reporter-Telegram
OGJ editors Aug 17th, 2020 Lilis Energy will pursue a process to sell substantially all of its assets in accordance with a restructuring support agreement after certain investment funds and entities affiliated with Värde Partners declined to pursue a new money investment. Lilis Energy Inc., Fort Worth, will pursue a process to sell substantially all […]
Read More Lilis Energy to pursue sale process | Oil & Gas Journal
Bloomberg Market Specialist Zef Lokhandwalla contributed to this article. Background Oil markets have taken traders on a wild ride. Brent crude has more than doubled since its April low and has remained above $40 a barrel since mid-June. The question now for traders is: What’s the next move for oil? The supply-and-demand forecast does not […]
Read More Finding the trend in volatile oil markets | Bloomberg Professional Services
If there was one thing the last oil price crisis proved, it was this: despite the devastation that low oil prices can wreak on an industry, they can also make oil and gas production more efficient for less money. If there is one thing this crisis is proving, it is that oil and gas companies […]
Read More The Oil And Gas Industry Is Going Remote | OilPrice.com
Join us! We are so excited to cover this event! It’s the first time ever that you can attend #DUGmidcon from any physical location via the internet! Don’t miss this! We just got word that over 500 Oil & Gas Professionals have already registered for the virtual conference! Also, thanks to the fantastic sponsors, Hart […]
Read More The Unconventional Happened | DUG Midcontinent 2020 goes Virtual
