Thursday, August 6, 2026

Despite Oil Downturn U.S. Ranks No. 1

Decreasing production in 2016 not enough to dethrone U.S. oil and gas industry Despite the lowest commodity prices in 13 years, U.S. oil and gas production in 2016 continued to outpace all other nations, according to a note from the EIA. The United States has been first in the world in natural gas production since 2009, when American output surpassed

Surprise Inventory Build Rattles Crude Prices

3.1 MMBBL draw was expected, but a 3.3 MMBBL build happened An unexpected crude oil inventory build sent crude prices reeling today, after several weeks of inventory draws seemed to signal the long-awaited market rebalancing. The EIA today reported a build in commercial crude oil inventories last week of just under 3.3 million barrels. This came as a surprise to

Bill Barrett Corporation: Lower Debt, Longer Laterals

Bill Barrett Corporation (ticker: BBG) has built a core position in the Northeast Wattenberg field in Colorado’s Denver-Julesberg (DJ) Basin, where it holds 71,900 net acres. The company also has producing acreage within the Uinta Basin in Utah, numbering approximately 24,000 acres. Debt load 1/3 of what it once was Bill Barrett Corporation has steadily reduced net debt levels to