President Trump is expected to visit the Permian Basin in West Texas Wednesday and make a stop at the Double Eagle Energy in Midland, the White House announced. During his visit, the president will tour an oil rig and address how the U.S. has become a dominant energy power, from reducing regulation, expediting the approval of […]Read more "Trump to visit oil-rich Permian Basin to visit rig, talk energy | Fox Business"
Summer NAPE is coming at you via NAPE Network! And they are going to bring it. We can’t wait to experience it. #oilcountrymediaRead more "Summer NAPE via NAPE Network"
Moody’s latest outlook for the global exploration and production business—which reflects its expectations for the fundamental business conditions in the industry over the next 12-18 months—is stable. — Read on http://www.ogj.com/general-interest/economics-markets/article/14036829/moodys-outlook-stable-for-global-ep-growthRead more "Moody’s: Outlook stable for global E&P growth | Oil & Gas Journal"
LONDON (Reuters) – Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said. Exploration and production, known as the upstream industry, requires energy firms to analyze huge amounts of seismic and geological data and […]Read more "Digitalization can save oil upstream business $73 billion a year: Woodmac | Reuters"
WASHINGTON, Oct 11 (Reuters) – A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month. The group says that in Michigan, a state with several competitive elections […]Read more "U.S. business group says Trump China tariffs cost $1.4 bln/month | Reuters"
After months of being the red-headed stepchild to the Permian, the Bakken shale play is getting a resurgence. Crude oil production in North Dakota reached an all-new high for the second time this year in July, averaging 1.27 million barrels per day, according to the most recent figures available. Monthly oil production in July was […]Read more "Move Over, Permian. Bakken’s Making a Comeback. | Rigzone"
Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of price surge President Donald Trump has been […]Read more "Major traders are talking about $100 oil again – Midland Reporter-Telegram"
SEPTEMBER 7, 2018 Haynesville natural gas production is increasing but remains lower than previous peak Source: U.S. Energy Information Administration, Dry shale gas estimates by play In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.4 billion cubic feet per day (Bcf/d), accounting for 8.5% of […]Read more "Haynesville natural gas production is increasing but remains lower than previous peak – Today in Energy – U.S. Energy Information Administration (EIA)"
U.S. crude oil production in 2019 is expected to grow at a slower rate than previously forecast, according to a monthly U.S. government forecast on Tuesday. — Read on http://www.reuters.com/article/us-usa-oil-eia-outlook/eia-cuts-forecast-for-2019-u-s-crude-production-growth-idUSKCN1LR1Z5Read more "EIA cuts forecast for 2019 U.S. crude production growth | Reuters"
Oil and gas producer Southwestern Energy Co agreed to sell its Fayetteville shale assets in Arkansas to privately owned Flywheel Energy LLC in an all-cash deal valued at about $1.87 billion, Southwestern said on Tuesday. — Read on http://www.reuters.com/article/us-swestn-energy-divestiture/southwestern-energy-to-sell-fayetteville-shale-unit-idUSKCN1LK27HRead more "Southwestern Energy to sell Fayetteville shale unit | Reuters"