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Oil and Gas News

Land Rig Count Drops Below 1,000
Five declines in a row By Richard Rostad, analyst, Oil & Gas 360 Drilling activity in the U.S. continues to[...]
Alberta Discovers That Playing OPEC Isn’t Easy
From Bloomberg Trying to fix the crude market has been hard enough for OPEC. Alberta’s go at it is proving[...]
More Shale, Who Cares? Saudi Arabia Pushes For At Least $70 Oil
From Reuters Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this[...]
Marathon, Motiva and Phillips 66 Winners in 4.3 Million Barrel SPR Crude Oil Sale
Winning offers in the ~$65-$67 range The U.S. Department of Energy’s (DOE) Office of Fossil Energy announced on March 22[...]
Murphy Turns to Eagle Ford, GOM after $2.1 Billion Sale to Depart Malaysia
Sale ends Murphy’s 20-year Malaysian history By Richard Rostad, analyst, Oil & Gas 360 Murphy Oil (ticker: MUR) announced a[...]