Featured

Permian oil drillers bounce back with biggest rig hike this year – Midland Reporter-Telegram

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

Offshore oil and gas production is crimped by Gulf storms | AP News

Offshore oil and gas production is crimped by Gulf storms By DAVID KOENIG August 23, 2020 Oil and gas production in the Gulf of Mexico was slowed Sunday by the approach of two storms that led companies to remove workers from more than 100 offshore platforms. The Interior Department said that based on company reports […]

Read More Offshore oil and gas production is crimped by Gulf storms | AP News
Featured

API data show a more than 4 million-barrel weekly decline in U.S. crude supplies, sources say – MarketWatch

Published: Aug. 11, 2020 at 4:39 p.m. ET By Myra P. Saefong The American Petroleum Institute reported late Tuesday that U.S. crude supplies dropped by 4.4 million barrels for the week ended Aug. 7, according to sources. The API data also reportedly showed gasoline stockpiles declined by 1.3 million barrels, while distillate inventories were down […]

Read More API data show a more than 4 million-barrel weekly decline in U.S. crude supplies, sources say – MarketWatch
Featured

The Unconventional Happened | DUG Midcontinent 2020 goes Virtual

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

Courting millennials, Shell, Phillips 66 turn to social media influencers – HoustonChronicle.com

When car enthusiast John Hennessey started a YouTube channel more than a decade ago, he just wanted his Sealy auto modification shop to keep up with the times. Fast forward 12 years and Hennessey’s social media presence has exploded to 340,000 YouTube subscribers and 1 million Instagram followers watching his mechanics modify high-end cars and […]

Read More Courting millennials, Shell, Phillips 66 turn to social media influencers – HoustonChronicle.com

U.S. energy companies produce more oil even as they cut spending

U.S. shale energy companies are cutting their spending levels in 2019, but they’re still planning on increased oil and gas output as the nation continues to hit new production records. Shale energy companies plan to cut their capital spending by 5 percent on average after crude prices plunged late last year, even though Big Oil […]

Read More U.S. energy companies produce more oil even as they cut spending