http://www.worldoil.com WorldOil U.S. keeps Dakota Access Pipeline open during environmental review https://www.worldoil.com/news/2021/4/9/us-keeps-dakota-access-pipeline-open-during-environmental-review The Biden administration’s decision to allow the line to keep operating is a victory for pipeline owner Energy Transfer LP and drillers such as Continental Resources Inc. that use it transport crude from North Dakota’s Bakken oil field. Texas oil and gas signals recovery as March 2021 drilling permits outpace 2020 https://www.worldoil.com/news/2021/4/9/texas-oil-and-gas-signals-recovery-as-march-2021-drilling-permits-outpace-2020 The Railroad Commission of Texas issued a total of 798 original drilling permits in March 2021 compared to 744 in March 2020. The March 2021 total includes 682 permits to drill new oil or gas wells, 13 to re-enter plugged well bores, and 99 for re-completions of existing well bores. Enbridge upgrading pipelines to move more shale gas to the U.S. Northeast https://www.worldoil.com/news/2021/4/9/enbridge-upgrading-pipelines-to-move-more-shale-gas-to-the-us-northeast Enbridge Inc. is moving forward with upgrades to its pipeline network serving the northeastern U.S. to ship more shale gas from the prolific Appalachian Basin as opposition to new conduits mounts in the region. Hess to reduce Bakken acreage in $312 million Enerplus deal https://www.worldoil.com/news/2021/4/8/hess-to-reduce-bakken-acreage-in-312-million-enerplus-deal The sale consists of approximately 78,700 net acres, which are located in the southernmost portion of Hess’ Bakken position and not connected to Hess Midstream infrastructure. While OPEC ramps up production, U.S. oil output is projected to fall https://www.worldoil.com/news/2021/4/7/while-opec-ramps-up-production-us-oil-output-is-projected-to-fall With the U.S. unlikely to ever reach previous crude production levels, OPEC+ is moving to roll back part of their oil supply cuts in the coming months. Oxy CEO opposes carbon tax plans, in contrast to API and rival operators https://www.worldoil.com/news/2021/4/6/oxy-ceo-opposes-carbon-tax-plans-in-contrast-to-api-and-rival-operators “A carbon tax would be bad for a lot of the industry, a carbon tax would be bad for the consumers and especially for those consumers who are more disadvantaged from an economic standpoint,” Occidental CEO Vicki Hollub said at a conference hosted by Texas Independent Producers and Royalty Owners Association. U.S. oilfield service companies added 23,000 jobs in March https://www.worldoil.com/news/2021/4/6/us-oilfield-service-companies-added-23-000-jobs-in-march The monthly Oilfield Services and Equipment Employment Report, compiled and published by the Energy Workforce and Technology Council, estimates a peak of 102,000 pandemic-related job losses. Since then, the industry has gained back more than 23,000 jobs. U.S. Interior chief reviewing “fundamentally broken” oil rights system https://www.worldoil.com/news/2021/4/2/us-interior-chief-reviewing-fundamentally-broken-oil-rights-system One day after the U.S. energy secretary phoned Saudi Arabia on the "importance of affordable and reliable energy for consumers," Interior Secretary Deb Haaland called the domestic fossil fuel industry "fundamentally broken," suggesting that Biden's oil and gas leasing moratorium will be anything but temporary. Pioneer buys Permian’s DoublePoint Energy in $6.4 billion deal https://www.worldoil.com/news/2021/4/2/pioneer-buys-permian-s-doublepoint-energy-in-64-billion-deal Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S. Permian Basin. Drilling rig count climbs at fastest rate since the pandemic began https://www.worldoil.com/news/2021/4/1/drilling-rig-count-climbs-at-fastest-rate-since-the-pandemic-began Optimism has also been buoyed by expectations that global crude supplies won’t grow fast enough to satisfy demand as Covid-19 vaccinations proliferate and economies that shut down for the better part of a year begin reopening.