WASHINGTON, D.C. -- Secretary of the Interior Sally Jewell has announced that the Bureau of Land Management will open a public dialogue on potential changes to federal onshore oil and gas regulations. The changes concern increasing oil and gas royalty rates, rental payments, lease sale minimum bids, civil penalty caps and financial assurances.
U.S. Sen. Lisa Murkowski, R-Alaska, drew attention to the potential impact that ending sanctions against Iran could have on U.S. production if the outdated prohibition on exporting domestic crude oil is not also lifted.
The profitability of some U.S. shale wells at current prices will almost double as cost cutting and technology turns them into cash gushers despite oil’s crash.
Saudi Arabia led a surge in OPEC crude oil production in March.
HOUSTON (Bloomberg) -- The U.S. keeps pumping oil at a near-record pace, in spite of the collapse in prices over the past year and cutbacks in drilling.
NEW YORK (Bloomberg) -- The U.S. government said for the first time that the nation will become a net energy exporter within 15 years as the shale boom bolsters crude oil production.
The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt.
Terves Inc. announced that more than 500 of its second-generation TervAlloy engineered disintegrating frac balls have been successfully deployed in horizontal frac completions in North America since their introduction in late 2014.
The crude oil contango market in the U.S. has created a massive incentive to store oil and, while traditional storage hubs reach record high levels, Genscape analysts have identified a trend for operators to look to their own wells as an avenue to store oil until commodity market conditions improve.
For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. That’s how much they stand to get paid on insurance they bought to protect themselves against a bear market - as long as prices stay low.
HOUSTON (Bloomberg) -- ConocoPhillips is making a massive wager on the future of shale drilling, pledging to spend 50% more over the next three years, primarily in the U.S. and Canada, after crude prices fell by more than half.
Saudi Arabia has impressed analysts and traders alike with its determination to keep oil flowing amid the selloff. Now the potential re-emergence of Iran as a global supplier, they say, will only deepen the country’s commitment to that tack.
Multi-zone play grabs lion’s share of deflated budgets
John Quirein, PhD: From outer space to deep rock
PITTSBURGH, Pennsylvania -- CONSOL Energy has announced the certification of its operational practices in the Appalachian basin by the Center for Sustainable Shale Development (CSSD).
Caterpillar Oil & Gas has made an equity investment in GTUIT, a manufacturer of mobile gas treatment systems.
CONSOL Energy and Halliburton have announced the deployment of the first frac spread that is fully compliant with EPA’s 2015 Tier 4F emissions standard for non-road, high-horsepower engines.
Lenders are preparing to cut the credit lines to a group of junk-rated shale oil companies by as much as 30% in the coming days, dealing another blow as they struggle with a slump in crude prices, according to people familiar with the matter.
SAN RAMON, California -- Chevron Corp. has confirmed that George L. Kirkland, vice chairman and executive V.P., Upstream, will retire from the company, effective June 15.