(Bloomberg) – U.S. crude oil production reached the second-highest level on record in July as output from Texas’s Permian basin soared to an all-time high. The nation’s production rose to 12.991 MMbpd, the highest since a peak of …
AUSTIN – Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry.
“Despite President Biden’s delusional desire to …
As the Biden administration contemplates expanding punitive measures on Russia for its invasion of Ukraine, a big hurdle lies closer to home: the American consumer.
U.S. drivers are embarking on summer vacations with gasoline prices averaging more than …
From Reuters
U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …
From Reuters
Spot power prices in Texas almost tripled for Tuesday on forecasts demand for electricity would hit record levels over the next week as consumers crank up their air conditioners to escape a heat wave blanketing much of the …
The Panama Canal reached a new milestone Monday after the successful transit of four liquefied natural gas (LNG) ships with a beam of up to 160 feet (49 …
North Dakota’s State Industrial Commission has released new production numbers for 2018, covering the months of January and February.
In January the state produced 36.6 MMbbls of oil, or 1.2 MMBOPD, and 64,226,435 Mcf, or 2,071,820 Mcf/day.
February was another …
Antero Resources (ticker: AR) spent $1.282 billion on drilling and completions in 2017. The company invested $204 million for …
Bonanza Creek Energy, Inc. (ticker: BCEI) exceeded the company’s high-end of Q4 2017 estimates by producing 14.8 MBOEPD. The company is expecting Rockies production to grow by 20% in 2018 and in 2019 Bonanza Creek said it expects an increase …
IHS Markit released a new report today. IHS Markit said that the Permian Basin reached a new 2017 oil-production record of 815 million …
Devon Energy (ticker: DVN) announced July 11th that it had brought a record setting well to production. The well reached a 24-hour peak production rate of 6,000 BOEPD, 50% of which was oil. The record-setting well, called the Privott …
