Oil edges higher as supply still seen tight after OPEC+ hike
Oil edges higher, supported by expectations that OPEC's decision to increase production targets by slightly more than planned won't much affect tight global supply and by rising demand as China eases...
View ArticleOccidental CEO: CO2 a realistic, reliable tool to achieve net-zero
For the U.S. to continue to be in a position to be energy independent, using CO2 for advanced oil recovery in existing U.S. reservoirs is the best scenario.
View ArticleGlobal pipeline construction market is expected to reach $73.1B by 2031
The surge in energy consumption for diverse industries, increased offshore exploration efforts, and rise in government investment in oil & gas refinery project drive the growth of the global...
View ArticlePennsylvania gas drilling fees generate about $100MM more in 2021
County and municipal governments directly affected by drilling will receive a total of about $123.2 million for the 2021 reporting year, per the PUC, out of the year’s total of about $234.4 million.
View ArticleProduction taxes paid by Texas oil and natural gas producers break records...
According to the Comptroller’s data, in June, Texas oil producers paid $679 million, the highest monthly collection on record and up 87 percent from June 2021.
View ArticleBLM considers options for proposed $8B ConocoPhillips Alaska drilling project
The Bureau of Land Management (BLM) released an updated environmental review of a major oil drilling project in the North Slope of Alaska.
View ArticleProduction taxes paid by Texas oil and natural gas producers break records...
Texas Comptroller Glen Hegar’s recently released tax collections data indicates Texas oil and natural gas producers continue to pay record amounts in production taxes to the State of Texas, reaching...
View ArticleRig count down for third week in a row
That was the first time drillers cut the rig count for three consecutive weeks since July 2020.
View ArticleOPEC+ to cut oil production
The oil producers will cut output by 100,000 barrels per day (bpd), amounting to only 0.1% of global demand, for October. They also agreed that OPEC's leader Saudi Arabia could call an extraordinary...
View ArticleProduction taxes paid by O/G industry top $10 billion in FY 2022 for first...
Both oil and natural gas production taxes exceeded the annual revenue estimate prepared just this summer by the Comptroller.
View ArticleBritain lifts fracking ban
Chemicals and energy giant INEOS, which holds several British shale gas exploration licences, said the government should treat shale gas development as “a national infrastructure priority.”
View ArticleU.S. drillers add oil and gas rigs for second week in a row – Baker Hughes
Baker Hughes said that puts the total rig count up 243, or 47%, over this time last year.
View ArticleNumber of drilled but uncompleted U.S. wells continues to decline from record...
Due to continued market uncertainty and limited access to new investment capital, oil and natural gas producers have focused their spending on existing operations.
View ArticleU.S. oil & gas rig quarterly growth slowest in two years
U.S. energy firms this week added oil and natural gas rigs for a third week in a row, but growth in the third quarter slowed due to recession fears and nagging supply shortages.
View ArticleJob growth continues for Texas in oil and gas
Data released by the Texas Workforce Commission indicates that upstream oil and natural gas employment grew in September by 900 jobs from August.
View ArticleJoint acquisition of major players in Barnett Shale region announced
Under the new joint venture agreement, the companies plan to drill up to 12 horizontal wells over the next year in the Barnett Shale region - primarily located in Wise, Denton, and Johnson Counties.
View ArticleDecline in drilled but uncompleted wells may limit future crude oil...
The declining number of DUCs has coincided with high oil prices and increasing U.S. oil production.
View ArticleU.S. oil and gas rig count edges up in Oct as drilling steadies – Baker Hughes
U.S. oil and natural gas rigs fell last week, but edged up in October in the first monthly increase since July as drillers largely hold activity steady despite high energy prices and soaring profits.
View ArticleU.S. oil production's post-pandemic rebound set to slow
U.S. production of crude oil and condensates increased to 12.3 million barrels per day (bpd) in September, the highest since the first wave of the coronavirus pandemic in March 2020.
View ArticleTexas upstream employment on a roll, with 2,800 jobs added in October
Upstream oil and natural gas employment in Texas grew in October, with 2,800 jobs added for the month, according to state data.
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