oil and gas production

Texas Upstream Job Growth Metric Goes Five-for-Five

Texas Upstream Job Growth Metric Goes Five-for-Five

Texas’ upstream employment figure grew by 2,900 jobs last month to reach 181,100 in September, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported Friday. The September tally marks the Lone Star State’s fifth consecutive month of upstream job growth since April, TIPRO said. The September 2021 figure marks a year/year gain of 23,600,…

October 25, 2021

Alberta Probing Funding Sources of Oilsands Foes

Opposition to Canadian oil and gas pipelines has grown into an international environmental protest industry from a modest 2008 beginning as “The Tar Sands Campaign,” according to an Alberta government inquiry into foreign funding of home-grown fossil fuel foes. The 657-page Report of the Public Inquiry Into Anti-Alberta Energy Campaigns found that C$1.28 billion ($1…

October 25, 2021
Natural Gas Activity Climbs in U.S. as Oil Growth Hits Pause

Natural Gas Activity Climbs in U.S. as Oil Growth Hits Pause

The U.S. natural gas rig count inched one unit higher to reach 99 for the week ended Friday (Oct. 22), while the recent steady upward trend in the oil patch stalled for the period, according to the latest numbers from Baker Hughes Co. (BKR). A net decline of two oil-directed rigs dropped the combined U.S.…

October 22, 2021
U.S. Oil Drilling Gains on Pause in Latest Weekly Count as Natural Gas Tally Rises

U.S. Oil Drilling Gains on Pause in Latest Weekly Count as Natural Gas Tally Rises

Pausing what has been a steady upward trend going back to last year, the U.S. rig count dipped one unit to 542 for the week ended Friday, driven by a small decline in onshore oil-directed activity, the latest data from Baker Hughes Co. (BKR) show. A net decline of two oil-directed rigs was partially offset…

October 22, 2021
Schlumberger Sees E&P Activity Climbing as Oil, Natural Gas Investments Accelerate

Schlumberger Sees E&P Activity Climbing as Oil, Natural Gas Investments Accelerate

The global oil and natural gas upcycle has begun, with more capital spending set to flow into the onshore and offshore heading into 2022, Schlumberger Ltd. CEO Olivier Le Peuch said Friday. The head of the world’s largest oilfield services (OFS) company shared a bullish view of the energy markets during a third-quarter conference call…

October 22, 2021
Matador to Keep Drillbit Spinning in Permian Delaware of New Mexico

Matador to Keep Drillbit Spinning in Permian Delaware of New Mexico

Matador Resources Co. expects to drill nine wells before the end of the year at its Rodney Robinson leasehold in Eddy County, NM, management said Wednesday. Dallas-based Matador said it is currently running two drilling rigs at Rodney Robinson in the western portion of the firm’s Antelope Ridge asset area in the Permian Basin’s Delaware…

October 22, 2021
Energy-Hungry China Could Deepen Global Natural Gas Shortage

Energy-Hungry China Could Deepen Global Natural Gas Shortage

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 18, 2021
Lower 48 Oil, Natural Gas Production to Rise in November as DUC Drawdown Continues

Lower 48 Oil, Natural Gas Production to Rise in November as DUC Drawdown Continues

U.S. onshore oil and natural gas production is set to rise from October to November, propelled by supply growth in the Permian Basin and Haynesville Shale, according to updated projections Monday from the U.S. Energy Information Administration (EIA). Natural gas production from seven key U.S. producing regions — the Anadarko, Appalachia and Permian basins, along…

October 18, 2021
Vermilion Gains Certified Label for Some Canadian Natural Gas Supply

Vermilion Gains Certified Label for Some Canadian Natural Gas Supply

Calgary-based Vermilion Energy Inc. has become the third Canadian producer to earn an international eco-label for its natural gas. The independent also announced Wednesday an initial sale of certified gas sporting the ethical energy brand, created by New York City-based Equitable Origin, which is trademarked as EO100 Standard Certification. “As the energy transition progresses, we…

October 15, 2021
U.S. Natural Gas Drilling Activity Slows; Oil Continues to Surge

U.S. Natural Gas Drilling Activity Slows; Oil Continues to Surge

Even as the U.S. natural gas rig count fell one unit to 98 for the week ended Friday (Oct. 15), a surge in the oil patch lifted the combined domestic tally 10 units higher to 543, according to updated numbers from Baker Hughes Co. (BKR). A 12-rig increase in oil-directed drilling in the United States…

October 15, 2021
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