Texas oil and gas regulators are planning to step up their enforcement abilities, including through the enhanced use of drones, to improve oversight of the massive energy industry. The Railroad Commission of Texas (RRC) outlined its fiscal year (FY) 2021 strategic priorities, with a big goal to accurately monitor and enforce major oil and gas…
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U.S. Rig Count Down as Oil, Gas Patch Shows Signs of Stabilizing Post-Covid
Posting its smallest weekly decline in months, the U.S. rig count dropped one unit to finish at 265 for the week ending Friday (June 26), suggesting that upstream activity could finally be stabilizing after a prolonged period of Covid-induced retrenchment. According to the latest Baker Hughes Co. (BKR) data, total U.S. natural gas-directed rigs finished…
June 26, 2020
Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays
For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.
June 15, 2020
Covid-19 Claims Another Lower 48 Operator as Vista Proppants Seeks Chapter 11
Fracture sand provider Vista Proppants & Logistics LLC has filed for bankruptcy protection, citing financial pressures related to the coronavirus pandemic.
June 11, 2020
U.S. Natural Gas Permitting in May Falls Most in Decade while Permian Suffers Largest Monthly Decline
The Permian Basin in May reported the largest monthly decline in oil and gas permits ever, down 47% from April, as applications by large-cap operators fell to their lowest levels in history, off by almost three-quarters, Evercore ISI said Tuesday.
June 9, 2020
BJ Readies Natural Gas-Fueled Pump Tests in Permian, Eagle Ford Following Haynesville Pilot
Hydraulic fracturing expert BJ Services said Thursday it is ready to deploy a next-generation pump in the Permian Basin and Eagle Ford Shale after completing a 1,000-hour field trial in the Haynesville Shale fueled by natural gas.
June 5, 2020
Decimated by Oil Drilling Decline, U.S. Rig Count Drops Below 300 as Slowdown Continues
The U.S. rig count dropped another 17 units to fall to 284 for the week ending Friday as the latest Baker Hughes Co. (BKR) numbers showed domestic drilling activity still searching for a bottom even after months of retrenchment.
June 5, 2020
Mexico Said to Remain Key Export Market for U.S. Natural Gas Producers Despite Uncertainty
Even given the many unknowns related to the market impact of the coronavirus pandemic on both sides of the border, Mexico will remain a key destination for U.S. natural gas producers for years to come, according to analysts.
June 2, 2020
Chesapeake Reaches $6M Settlement with Oklahoma Royalty Owners
Chesapeake Energy Corp. has agreed to settle claims with thousands of landowners in Oklahoma that it failed to pay interest on overdue royalty payments.
May 29, 2020
U.S. E&Ps Step up Hedging as Covid-19 Disrupts Pricing, Demand
The dislocations from Covid-19 to global energy demand have led to shut-ins and production cutbacks in the United States, and operators are responding by increasing oil and natural gas hedging into 2021.
May 28, 2020
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