oil and gas production

U.S. oilfield services (OFS) employment in June continued to hit post-pandemic highs, but jobs edged up by only 45 last month, according to an analysis of Bureau of Labor Statistics (BLS) data by the Energy Workforce & Technology Council.  Total OFS jobs inched up to 665,258 jobs in June, closer to the 706,528 jobs in…

A pullback in Haynesville Shale drilling saw the U.S. natural gas rig count fall six units to finish at 124 for the week ended Friday (June 30), while a modest decline in the oil patch left the combined domestic tally down eight to 674, according to the latest figures from Baker Hughes Co. (BKR). The…

The Texas upstream industry added a record 6,800 jobs in May, but the oil and gas industry overall may be at risk as activity slows and the rig count falls because of low prices, according to a top state energy economist. The monthly Texas Petro Index (TPI) compiled by economist Karr Ingham for the Texas…

A new government in Mexico in 2024 should reconsider its position regarding the importance of domestic natural gas in the energy mix, according to Erick Sánchez, vice president for Business Development in Mexico and Central America at Rystad Energy. “With all of the development in the southeast around the fields that everyone has identified as…

The Bureau of Land Management (BLM) garnered almost $79 million from a recent natural gas and oil lease sale in New Mexico and Kansas. Forty-five parcels totaling 10,123 acres were auctioned across Cheyenne County, KS, and in Chaves, Eddy and Lea counties, NM. The New Mexico counties are in the heart of the Permian Basin’s…

Mexico’s natural gas production averaged 4.4 Bcf/d in April, up from 4.05 Bcf/d in April 2022. The figure was up from 4.35 Bcf/d in March, marking the fourth straight sequential increase in output, according to the latest figures from upstream regulator Comisión Nacional de Hidrocarburos (CNH). State oil company Petróleos Mexicanos (Pemex) supplied 4.18 Bcf/d…

In a ruling considered a victory for the natural gas and oil industry, the U.S. Supreme Court has unanimously narrowed federal oversight established in the Waters of the United States (WOTUS) within the Clean Water Act (CWA). In an opinion written by Justice Samuel Alito, the court said the Environmental Protection Agency’s (EPA) interpretation of…

Mexico’s state oil company Petróleos Mexicanos (Pemex) has set an upstream capital expenditures (capex) budget of 240 billion pesos ($13.4 billion) for 2023, up from 162 billion pesos ($9.05 billion) in 2022. The 100% state-owned firm outlined the investment plans in its latest 20-F annual report filed to the U.S. Securities and Exchange Commission in…

The U.S. natural gas and oil industry supported 10.8 million jobs and contributed nearly $1.8 trillion to the domestic economy in 2021, according to the American Petroleum Institute (API).  API commissioned the report, which was completed by PricewaterhouseCoopers (PwC).  API CEO Mike Sommers said natural gas and oil delivered “growing economic contributions to America,” which…