Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy conference said on Thursday. — Read on www.reuters.com/article/us-usa-shale-production/u-s-shale-executives-predict-oil-production-constraints-to-remain-idUSKCN1Q4003Read more "U.S. shale executives predict oil production constraints to remain | Reuters"
NEW YORK (Reuters) – U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday. U.S. oil production this year is forecast to be at a […]Read more "U.S. oil output to hit new record above 13 million bpd in 2020: EIA | Reuters"
Report: Texas crude oil production breaks 1970s record – Houston Chronicle — Read on m.chron.com/business/energy/article/Report-Texas-crude-oil-production-breaks-1970s-13606658.phpRead more "Report: Texas crude oil production breaks 1970s record – Houston Chronicle"
Next-day natural gas prices for Tuesday at the Waha hub in the Permian basin in West Texas tumbled almost 90 percent to a record low as demand declined with moderating weather and pipeline constraints limited the amount of fuel that can leave the region. — Read on www.reuters.com/article/us-natgas-waha-pipelines/for-sale-in-texas-natural-gas-at-record-low-price-idUSKCN1PU1V9Read more "For sale in Texas: natural gas at record low price | Reuters"
The U. S. Attorney’s Office announced a jury convicted Justin Lane Foust, 42, of Sulphur, Oklahoma, of wire fraud, money laundering, and aggravated identity theft in connection with fraud against Chesapeake Energy. Foust was employed by Chesapeake Operating, Inc, a wholly owned subsidiary of Chesapeake Energy Corporation, from April 2002 until September 2011. Foust formed […]Read more "Oklahoma man convicted in multi-million-dollar oil and gas fraud | KOKH"
US government appeals ruling that blocked Keystone pipeline BILLINGS, Mont. (AP) — The Trump administration is appealing a court ruling that blocked the Keystone XL oil pipeline. Justice Department attorneys on Friday appealed the November ruling from U.S. District Judge Brian Morris that blocked a construction permit for the 1,184-mile (1,900-kilometer) pipeline. The line sponsored […]Read more "US government appeals ruling that blocked Keystone pipeline"
U.S. crude oil production rose to a new high of 11.9 million barrels per day in November, up 345,000 bpd from the previous month, the U.S. Energy Information Administration said in a monthly report on Thursday. — Read on www.reuters.com/article/usa-oil-production/update-2-u-s-crude-production-in-november-rose-to-11-9-million-bpd-eia-idUSL1N1ZV1BJRead more "UPDATE 2-U.S. crude production in November rose to 11.9 million bpd -EIA | Reuters"
(Reuters) – U.S. oil producer SandRidge Energy has appointed industry veteran Paul McKinney as its next chief executive officer, it said on Monday. SandRidge last year ousted James Bennett as CEO after coming under pressure from activist investor Carl Icahn, who had objected to Bennett’s compensation and the company’s $746 million bid to buy rival […]Read more "Oil producer SandRidge names industry veteran McKinney as CEO | Reuters"
Tunable technology improves operational efficiency in the Eagle Ford A case study performed in the Eagle Ford has proven that tunable technology can help achieve greater efficiency gains in developing unconventional reservoirs. January 2019 /// Vol 240 No. 1 Special Focus Jeff Long, Dan Fu, Christine De Sario, BJ Services As the development of unconventional reservoirs […]Read more "Tunable technology improves operational efficiency in the Eagle Ford"
Weatherford International’s stock is trading below $1 a share. Schlumberger expects growth in its shale business to flatten or decline. General Electric reduced its ownership stake of Baker Hughes. Halliburton’s stock market value has fallen below what it was at one of the worst points of the last oil bust. Energy services companies are facing […]Read more "Oilfield services companies face another tough slog – HoustonChronicle.com"