Operators in North Dakota’s Bakken oilfield reduced their rig count to 36 in April, down from 40 in March, marking the lowest number this year as a wave of consolidation has swept through the oil patch, state regulators said on Friday. “Their drilling budgets are disrupted especially if both are active in the Bakken. They …
North Dakota’s Rig Count Drops as Consolidation Sweeps Oil Patch Read More »
Oil and gas energy activity in Oklahoma, Colorado and the northern part of New Mexico fell in the first quarter of 2024, the Federal Reserve Bank of Kansas City said on Friday in its quarterly survey of energy activity. Drilling and business activity contracted for a fifth straight quarter and will likely continue to fall …
Oil and Gas Activity in U.S. Midwest, Rockies Fell in Q1, Kansas Fed Says Read More »
U.S. natural gas futures held near a two-week low on Friday on worries about a huge storage surplus and forecasts for lower demand over the next two weeks than previously expected due primarily to a drop in feedgas to the Freeport LNG export plant in Texas. Analysts forecast gas stockpiles were about 36% above normal …
U.S. Natgas Prices Hold Near 2-Week Low on Lower Demand Forecasts Read More »
COVID-19 showed the world that long supply chains are not reliable, and that if oil is a matter of U.S. national security, then in turn, so is pipe, said Luca Zanotti, U.S. president for steel pipe manufacturer Tenaris at CERAWeek by S&P Global.
Foundation Energy Fund V-A has retained EnergyNet for the sale of a 162 Permian Basin opportunity well package in Eddy and Lea counties, New Mexico and Howard County, Texas.
W&T Offshore’s appointment of John D. Buchanan brings the number of company directors to six.
April 12 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator …
US Drillers Cut Oil and Gas Rigs For Fourth Week in a Row – Baker Hughes Read More »
Through Diversified Energy’s “aggressive” voluntary leak detection and repair program, the company has already hit its 2030 emission goal and is en route 2040 targets, the company says.
Targa Resource’s board of directors increased the first-quarter 2024 dividend by 50% compared to the same quarter a year ago.
From data extraction to well optimization, the oil and gas industry embraces AI.
