Home Industry News

U.S. Petroleum Report July 19, 2017 U.S. Natural Gas Report July 20, 2017

Brought to you by CNBC Oil production from several U.S. shale regions is expected to keep on rising in August, the U.S. Energy Information Administration forecast on Monday. The EIA’s latest drilling productivity report projects that drillers operating the nation’s shale oil fields will increase production by 113,000 barrels a day next month. Total output […]

Brought to you by Chron MIDLAND — Halliburton has hired about 100 new workers each month this year to keep up with surging demand for fracking in West Texas, a sharp turnaround after the job-killing oil bust. The Houston oil field service company has expanded its active fleet of fracking trucks and pumps by 30 […]

U.S. Petroleum Report July 6, 2017 U.S. Natural Gas Report July 7, 2017

U.S. Petroleum Report June 21, 2017 U.S. Natural Gas Report June 22, 2017

Brought to you by Oil & Gas 360 The Permian has enjoyed a rush of capital since oil prices began to recover from a low of $26.21 in February of last year. The play is home to some of the best economics in the country, making it a prime target for E&P companies looking to […]

What with all the rig additions, land deals, and low breakeven costs, the Permian basin has been the subject of much love from the oil industry as of late, and recently revised estimates are now showing that the Permian holds a whole lot more oil than previously thought. Horizontal drilling and technological breakthroughs of the […]

U.S. Petroleum Report May 17, 2017 U.S. Natural Gas Report May 18, 2017

Brought to you by Oil Price   The first quarter of the year saw record-high oil and gas M&A activity in the U.S., with the value of deals topping US$73 billion – a whopping 160-percent annual increase and a record high. That’s what PwC reported, adding that most of these were in the upstream segment […]

There’s more recoverable oil in a part of West Texas than scientists previously thought. A new report from the U.S. Geological Survey is just the latest sign that the nation’s top oilfield will continue to attract drillers. Add it to the list of reasons people keep talking about “Permania” in the Permian Basin. 10 years ago, […]