U.S. Onshore
News
November 20, 2022
The U.S. crude market’s structure is signaling oversupply for the first time in almost a year, the latest indicator of the scale of the dramatic slump in the nearest section of the oil futures market.
News
November 17, 2022
Diamondback will acquire drilling rights across 15,000 net acres in the Permian’s northern Midland Basin in Texas from closely held Lario Oil and Gas Co. for $850 million in cash and 4.18 million shares, according to a statement on Wednesday.
News
November 17, 2022
The 5.3-magnitude earthquake hit at 3:34 p.m. local time near Mentone, Texas, according to the US Geological Survey. The event topped a magnitude 5 quake that struck just north on March 26, 2020 and was considered the region’s largest.
News
November 16, 2022
Texas oil and gas production will continue to recover and grow during 2023, and use of oilfield electrification will expand with it. That was the takeaway message from Texas Alliance of Energy Producers President Jason Modglin, who delivered the keynote address Tuesday morning during Day 1 of World Oil’s Oilfield Electrification Technology Conference.
News
November 15, 2022
Operators in America’s biggest shale oil basin are set to significantly increase the amount of natural gas they burn into the atmosphere because of a lack of pipeline capacity to ship it elsewhere.
News
November 13, 2022
Within days of cruising to a re-election victory over a Democrat challenger, Texas Railroad Commission Chairman Wayne Christian took sharp aim at President Joe Biden's "anti-fossil fuels" agenda, saying his energy strategy is to ship U.S. energy production overseas.
News
November 11, 2022
The American Petroleum Institute on Friday responded to the Environmental Protection Agency's supplemental proposed methane rule with a call for a cost-effective final rule that promotes innovation and regulatory certainty.
News
November 11, 2022
The Biden administration revealed a supplemental proposed methane rule Friday that would tighten regulations for monitoring low-producing wells and require producers to respond to third-party reports of leaks, in a move that could empower activists.
News
November 08, 2022
The United States cut its forecast for the nation’s oil production growth next year, predicting that output will fall short of an all-time high.
News
November 04, 2022
Texas oil and gas regulators this week assessed more than $688,000 in fines involving 262 enforcement dockets against operators and businesses at the Commissioners’ Conference.
News
November 03, 2022
US oil-supply growth is being hindered by “rapidly escalating” equipment costs and supply-chain snags, ConocoPhillips CEO Ryan Lance said Thursday.
News
October 25, 2022
Riyadh and Washington will work through the recent tensions in their relationship and remain allies, a senior Saudi official and JPMorgan Chase & Co.’s chief executive said at the Future Investment Initiative conference.
News
October 24, 2022
Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.
News
October 19, 2022
The Independent Petroleum Association of America, as it has done for decades, again announces its opposition to draining the nation’s Strategic Petroleum Reserve.
News
October 18, 2022
Rice, 41, is one of the self-described “shalennial” brothers who took the reins of EQT Corp., the largest driller of natural gas in the US, after a proxy fight in 2019. In
News
October 14, 2022
Dueling statements from Washington and Riyadh in recent days over last week’s OPEC+ decision to cut production underscore just how badly the U.S.-Saudi relationship has deteriorated under President Joe Biden, with each side accusing the other of acting in bad faith.
News
October 12, 2022
Diamondback Energy Inc. agreed to buy closely held FireBird Energy LLC in a cash-and-stock deal valued at about $1.6 billion, enabling the U.S. shale oil producer to grow in the Permian Basin.
News
September 28, 2022
The U.S. is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF analysis.
News
September 26, 2022
Now, in a sign of just how much Russia’s invasion of Ukraine has thrown global energy markets into disarray, it’s natural gas, not oil, that’s becoming more coveted in U.S. shale fields.
News
September 15, 2022
The Permian Strategic Partnership announced today the addition of two new companies, Kinetik and WaterBridge Resources, bringing its member company count to 19.
News
September 12, 2022
Canadian Overseas Petroleum Limited, an oil and gas exploration, production and development company with operations focused in Wyoming, announced a material increase to its oil and gas reserves and net revenue resulting from the acquisition of the assets of Cuda Energy LLC.
