Oil

Denver-based independent SM Energy Co., focused mostly on Texas, reported higher than expected production and improved well performance from the Permian Basin and its Midland sub-basin during 2Q2018, while output from the Eagle Ford Shale also ticked upward.

The trend of growing natural gas and oil production from the United States’ seven most prolific onshore unconventional plays, which began 20 months ago, will continue unabated in August, according to the U.S. Energy Information Administration (EIA).

Broomfield, CO, which has long sought more oversight of oil and natural gas operations, on Tuesday called for rules that impact energy operations within city boundaries.

Unconventional drilling drew unexpected praise Tuesday from a surprise source — the Organization of the Petroleum Exporting Countries (OPEC).

Mexico’s leftist president-elect Andrés Manuel López Obrador and his top energy adviser, Rocío Nahle, have somewhat quelled investor concerns since the July 1 election by signaling that they will not reverse course on the country’s 2013-14 constitutional energy reform.

With the rise of U.S. liquefaction capacity helping to give liquefied natural gas (LNG) buyers around the globe more options than ever before, LNG is ready to step out of crude oil’s shadow and stand as its own commodity, according to a panel of executives for leading industry players.

North Dakota’s latest production statistics show a new record for average daily natural gas production and a near record-breaking daily average for oil, but an unexpected surge in April — the most recent month for which there are complete statistics — left state oil and gas officials scratching their heads.

Oil and natural gas operations on Wednesday remained untouched by a series of wildfires raging in Colorado, industry representatives told NGI’s Shale Daily.

Natural gas production, which climbed worldwide by 3% in 2017, provided the single largest contribution to primary energy growth, but the showdown between U.S. tight oil producers and the Organization of the Petroleum Exporting Countries (OPEC) continued to bring the drama last year.