U.S. Onshore ///

Greens decry oil and gas tax breaks in Democrats’ new proposal

“This bill is fundamentally at odds with the president’s commitment to repeal fossil fuel subsidies,” said Erich Pica, president of Friends of the Earth. “This is a failure of climate leadership that will not soon be forgotten.”

Biden’s clean energy future won’t include natural gas

Natural gas won’t count as clean energy under a House Democratic plan that would eventually rid the electric grid of carbon and is part of the $3.5 trillion tax-and-spending package moving through Congress.

NOV Orange Crush frac pump valve offers prolonged life of valve and seat, prevents scheduled maintenance slowdown

NOV’s new Orange Crush frac pump valve gives users the confidence to lengthen vale and seat maintenance intervals, resulting in a positive effect on a business’s bottom line.

Industry must find ways to survive increasingly authoritarian U.S. government

David Blackmon, Contributing Editor

From killing the Keystone XL pipeline to federal land usage, leasing bans, wastewater disposal and tax treatment, the Biden administration is waging a full-scale assault on the U.S. upstream oil and gas industry.

Biden plans September restart of oil leases, per court ruling

The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.

Biden to restart oil lease sales while appealing June court order

The Biden administration is appealing a federal judge’s ruling against its oil leasing moratorium, while promising to resume offering new leases on U.S. lands and waters.

Canada covers local oil demand with U.S. imports, despite being the world’s 4th largest crude producer

Canadian oil production is more than two and half times domestic demand, yet the majority of crude oil demanded in the country arrives via the United States, according to a new analysis by IHS Markit.

Shale drillers leveraging $42B in new bonds to retire costlier debt

America's shale producers are continuing to the line on production, boosting investor returns and are now attracting the lowest bond yields they’ve ever seen. Instead of using cheap credit to boom once again, they’re using it to retire costlier debt.

Are shale drillers too focused on debt reduction?

Shale drillers are showing so much financial self-discipline that next year’s oil-production forecasts may be in peril, according to Tudor, Pickering, Holt & Co.

‘Live’ DUC count hits 2013 low as the US continues to frac more than it drills

US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals.

Global oil rally costs shale drillers $12B in underwater hedges

“One of the negatives of this quarter has been some horrible hedging; guys locked in at $42 a barrel,” Paul Sankey, the veteran oil-industry analyst and founder of Sankey Research LLC.

Shale drillers turn to dividends to match supermajors’ investment appeal

Benchmark U.S. oil futures have advanced 45% this year and at that pace are on track for the biggest annual increase since 2016. In returning so much cash to shareholders, shale drillers are showing they will pass on gains from higher crude prices rather than use them to increase production.

U.S. Interior secretary accused of defying federal judge’s oil lease ruling

Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has, and Interior Secretary Deb Haaland struggled Tuesday to explain why.

Water management

Mark Patton, Hydrozonix

Automation and oil field water management

Halliburton launches low cost, direct fracture monitoring service

Halliburton Company introduced ExpressFiber, a single-use fiber optic cable that offers accurate, direct subsurface measurements, including cross-well communication, at a price point that enables fracture monitoring on every well pad.

Opinion: Biden’s personnel madness in Washington continues

Staff, World Oil

The Biden administration continues to nominate people for senior positions that all seem to hate oil and gas. If one were bent on destroying the U.S. oil and gas industry, you’d be hard put to nominate people more diabolically effective at doing it than “Joltin’ Joe’s” (apologies to the last Joe Dimaggio) cast of characters.

Corva and NexTier partner to improve ESG and innovation delivery via remote completions management

By leveraging the combined strengths of their digital oilfield solutions, the partnership provides a single, unified solution to accelerate innovation and optimize every completions operation.

U.S. crude oil exports reached record levels in 2020, remain high in 2021

Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020, maintaining momentum in 2021 with crude oil exports reaching 3.00 million barrels per day (bpd).

Biden continues his anti-U.S. oil and gas push while crude demand rises

The Biden administration is preparing to release a blueprint for limiting sales of U.S. drilling rights as rising oil and gasoline prices highlight the risks of curtailing domestic crude production.

Higher oil prices will have limited effect on U.S. crude output, EIA projects

Oil companies will produce 20,000 barrels a day more than previously forecast for this year, at 11.1 million barrels, the Energy Information Administration said in a report on July 7th.