EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters

NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd.  The EIA forecast output in 2020 will rise […]

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The number of drilled but uncompleted wells in the United States continues to climb – Today in Energy – U.S. Energy Information Administration (EIA)

The number of drilled but uncompleted wells in seven key oil and natural gas production regions in the United States has increased over the last two years, reaching a high of 8,504 wells in February 2019, according to well counts in EIA’s Drilling Productivity Report (DPR). The most recent count, at 8,500 wells in March […]

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Oil Price Fundamental Daily Forecast – Prices Weaken After API Reports Surprise Build, EIA on Tap

Today’s U.S. Energy Information Administration (EIA) inventories report, due to be released at 14:30 GMT, should set the tone today. Traders are looking for a 1.3 million barrel build. — Read on www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-prices-weaken-after-api-reports-surprise-build-eia-on-tap-571873

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Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle

In a stunning escalation of the two-week-old contest for Anadarko, Buffett’s Berkshire Hathaway Inc. on Tuesday disclosed plans to inject $10 billion into Occidental in exchange for preferred stock and warrants. The bombshell landed in the midst of Anadarko board deliberations about whether Occidental — Read on finance.yahoo.com/news/bank-buffett-drops-10-billion-151622861.html

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Exclusive: Pipeline operator Noble Midstream Partners up for sale – sources – Reuters

NEW YORK (Reuters) – Noble Midstream Partners LP, a pipeline operator controlled by U.S. oil and gas exploration and production company Noble Energy Inc, is up for sale, people familiar with the matter said on Thursday.  The decision to seek to sell Noble Midstream Partners comes at a time when oil and gas companies are […]

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Typical Worker’s Pay Nears $200,000 at Oil Refiner – WSJ

Oil and gas drillers had some of the highest-paid median workers in the energy and utility sectors in 2018, according to The Wall Street Journal analysis of annual pay disclosures by hundreds of big U.S. companies. — Read on www.wsj.com/articles/typical-workers-pay-nears-200-000-at-oil-refiner-11556103600

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U.S. petroleum product exports set record high in 2018 – Today in Energy – U.S. Energy Information Administration (EIA)

U.S. petroleum product exports set record high in 2018 – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.php

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Halliburton sees signs of price recovery, shares dip – Reuters

Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner. — Read on www.reuters.com/article/us-halliburton-results/halliburton-sees-signs-of-price-recovery-shares-dip-idUSKCN1RY0Q4

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5 Ways That Fracking Is Helping Our Environment – FrackFeed

Despite false claims and accusations from extreme environmentalists, fracking and natural gas actual help our environment! Click to find out how! — Read on www.frackfeed.com/5-ways-that-fracking-is-helping-our-environment/

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This Legendary Shale Basin Just Broke Its 2011 Production Record | OilPrice.com

The Haynesville Shale in northeastern Texas and Louisiana is producing 10.522 billion cubic feet per day of natural gas this month, effectively breaking its 2011 production record — Read on oilprice.com/Energy/Natural-Gas/This-Legendary-Shale-Basin-Just-Broke-Its-2011-Production-Record.html

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