U.S. Rig Count Resumes Decline
Total U.S. rig count falls by three to 421 as oil prices struggle to stay above $50 per barrel
After three weeks of slowly increasing, the U.S. rig count posted a loss for the week ended June 24, 2016. The …
After three weeks of slowly increasing, the U.S. rig count posted a loss for the week ended June 24, 2016. The …
In today’s oil price environment in particular, oil and gas companies are looking for ways to drive growth while at the same time becoming highly efficient at conducting their operations.
Few energy executives have been …
The U.S. rig count continued to increase this week, according to information from Baker Hughes Inc. The total number of active rigs in the United States reached 414, up six from last week.
Increases …
Breaking a ten-month long decline, the U.S. rig count rose by four in the week ended June 3, 2016, according to information from Baker Hughes (ticker: BHI). The total U.S. rig count reached …
India is expected to be the next China in terms of demand growth for energy, and now …
The total U.S. rig count continued its downward trend this week, but rigs targeting oil remained steady at 318. In past weeks, the majority of the rig count decline has …
Petro River UK Limited, the UK subsidiary of Petro River Oil Corp. (OTCBB: PTRC), announced that drilling operations on the Woodburn Forest-1 Well in Larne Basin, Northern Ireland, are underway.
In a press release today the company said that the …
Mining giant Freeport-McMoRan (ticker: FCX) is known internationally as the world’s largest copper miner—one that would be happy right now if it can sell its …
Brazil’s state-owned oil giant, Petroleo Brasileiro (ticker: PBR), reported its first quarter results yesterday, showing a 1.25 billion reais ($358 million) loss in the first three months of the year.…
DENVER – April 29, 2016 – Forbes Magazine (Forbes) commissioned an independent study by Statista to identify America’s Best Management Consulting Firms. EnerCom, Inc. was recognized in the inaugural study in …
The total U.S. rig count fell by just three rigs in the week ended April 15, 2016, a decline of 1%. The three rigs laid down this week were all oil-seeking rigs, with …
A number of analyst notes were released following PDC Energy’s (ticker: PDCE) analyst day held in Denver this week discussing the companies impressive metrics. The company said that it has lowered completed …
The U.S. rig count fell for the sixteenth straight week, according to information released by Baker Hughes (ticker: BHI) today. There are now just 443 rigs actively drilling in the U.S., …
As oil and gas producers around the globe continue to struggle with lower commodity prices, a select few basins remain economical at today’s prices. Six basins out of …
The total number of rigs in the United States continues to fall as the oil price recovery remains insufficient to drill new wells. The U.S. rig count fell by 12 …
When oil major Statoil (ticker: STO; StatOil.com) acquired Brigham Exploration in 2011, the Norwegian company became a major operator in the Williston basin, with approximately 330,000 net acres in the play and …
The U.S. rig count continued falling for a thirteenth-straight week in the week ended March 18, 2016, according to information from Baker Hughes. The total count fell by four to …
After the news of the past few weeks, it felt like we were getting really close to the day when investors and oil industry spouses might be ready to throw in …
The number of rigs drilling in the U.S. continued to fall this week, as prices recovered to more than $38 per barrel of WTI. The total number of operating rigs in …
Evolution Petroleum (ticker: EPM) presented at EnerCom’s The OilServices Conference 14 in San Francisco on March 9, 2016. Evolution’s principal assets include a CO2-EOR project in Louisiana’s Delhi Field and patented technology designed to extend …
Panhandle Oil & Gas (ticker: PHX) presented at EnerCom’s The OilServices Conference 14 in San Francisco on March 9, 2016. Panhandle currently owns 255,300 fee mineral acres and a working interest and/or royalty interest in over 6,100 wells. The company …
The decline in crude oil prices took longer to pull production down than many expected, but it is happening, according to data from the EIA. Crude oil …
The downturn in oil prices took a serious toll on the U.S. E&P market last year, with 42 companies filing for bankruptcy in 2015. Those companies’ total debt amounted to $17.85 billion…
The U.S. rig count fell for the eleventh straight week in the week ended March 4, 2016, according to data from Baker Hughes. The latest decline in the …
Petrobras (ticker: PBR, Petrobras.com) will receive a $10 billion loan from the China Development Bank to help pay down the company’s debt coming due this year, according to a …
Dallas-based Tailwater Capital LLC is continuing to grow its team with the addition of Stephen Lipscomb as a vice president.
Lipscomb brings nine years’ experience including midstream operations, …
The oil and gas rig count continued to fall this week, but at a slower pace than was seen throughout the rest of February. The U.S. rig count …
While the price of U.S. crude benchmark WTI hovers above $30 per barrel, the price of Canadian benchmark Western Canadian Select has been nearer the $20 mark in recent …
After seven years of the most accommodative monetary policy in U.S. history, Janet Yellen and the Federal Reserve decided on December 16, 2015 to raise the federal funds target rate from 0 to 0.25 percent to 0.25 …