North Dakota oil production swells as wells go back online | Star Tribune

The steep oil price drop in the spring caused a big dip in production, but the industry is back to more normal levels. North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online. “It is nice to note that we […]

Read More North Dakota oil production swells as wells go back online | Star Tribune
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ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion – WSJ

The acquisition gives ConocoPhillips, the largest oil producer in Alaska, a much larger footprint in the hottest oil field in the U.S., the Permian Basin of Texas and New Mexico. The combined company would be the largest U.S. oil independent, with output in the Permian second only to Occidental Petroleum Corp. , according to a JPMorgan Chase & Co. […]

Read More ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion – WSJ
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Oil Up, Clawing Back After Overnight Spill By Investing.com | Armenian American Reporter

By Adam Claringbull Investing. com– Oil were up on Tuesday early morning in Asia, as Tropical Storm Beta in the Gulf of Mexico compromised. However, strong falls came overnight as international COVID-19 cases made a revival, pressing WTI Futures back listed below $40. were up 0.41% to $41.61 by 11:52 AM ET (4:52 AM GMT) […]

Read More Oil Up, Clawing Back After Overnight Spill By Investing.com | Armenian American Reporter

North Dakota oil output rose about 20% in July | Reuters

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

Oil companies idle production as U.S. Gulf Coast braces for hurricane | Reuters

HOUSTON (Reuters) – Offshore platforms and one refinery along the U.S. Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month. Phillips 66 PSX.N began shutting its 255,600 barrel-per-day (bpd) Alliance, Louisiana, refinery as Tropical Storm Sally was forecast to pass just west of the plant, 24 miles […]

Read More Oil companies idle production as U.S. Gulf Coast braces for hurricane | Reuters

New Analysis Shows Gulf Coast States Among Hardest Hit by Proposal to Ban Federal Leasing and Offshore Development – TXOGA

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
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The Oil And Gas Industry Is Going Remote | OilPrice.com

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
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Another Louisiana native takes a top U.S. energy post – News – Houma Today – Houma, LA

The top two officials in the U.S. Energy Department are now Louisiana natives.Mark Menezes, President Donald Trump’s choice for deputy energy secretary, was confirmed Tuesday by the Senate in a 79-16 vote.Menezes, a Luling native, had most recently served as undersecretary of energy. While in the private sector, he held senior positions at energy companies […]

Read More Another Louisiana native takes a top U.S. energy post – News – Houma Today – Houma, LA
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Lower crude oil prices will mean less exploration and development | EIA

U.S. Energy Information Administration | EIA: Oil price weakness to affect global upstream activity.

Read More Lower crude oil prices will mean less exploration and development | EIA
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Debt takes priority for US upstream independents |Argus Media

The long-anticipated “now-or-never” moment for debt-heavy US shale oil producers is upon them, with efforts to shore up balance sheets meeting mixed results. US independents’ ability to service their debt has gained top priority, as many, even those with stronger balance sheets, are borrowing more following the collapse in crude prices. Key Permian operator Pioneer […]

Read More Debt takes priority for US upstream independents |Argus Media