U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 585 in the week …
U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes Read More »
A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity following the pandemic, when shale production dried …
Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output Read More »
The Port of Corpus Christi, the U.S.’ largest energy export gateway, moved a record 53 million tons in the third-quarter 2024, driven by increases in crude oil and dry bulk movements.
Phillips 66 denied allegations it engaged in information theft and is weighing its legal options. A California jury reached its decision the same day Phillips 66 announced the closure of a Los Angeles-area refinery.
Liberty Energy capitalized on its “competitive edge” when navigating a challenging demand environment in third-quarter 2024, CEO Chris Wright said in the company’s quarterly earnings call.
Private E&P Hilcorp Energy will pay a $9.4 million civil penalty stemming from natural gas fracking operations in New Mexico’s San Juan Basin.
Here is a look at some of this week’s renewable energy news, including approval of a 2-gigawatt geothermal project in Utah.
Oil and Gas Investor assembled a group of seven oil and gas executives, policy advocates and other experts to talk about what’s really at stake in the November election and the many challenges facing the energy sector, regardless of who wins.
The oil and gas rig count fell by one to 585 in the week to Oct. 18. Baker Hughes said that puts the total rig count down 39 rigs, or 6% below this time last year.
Texas Capital has had to navigate trends impacting the financial markets, such as an emphasis on ESG and less-than-favorable equity markets, said Daniel Hoverman, Texas Capital’s head of corporate and investment banking, at ECC.
