Oil companies are betting big on a continued rise in crude prices by buying up acreage and raising capital spending. For example, Whiting boosted its 2017 capex to $1.1 billion from $554 million in 2016.
"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.
Chaparral has a hearing on March 9 to confirm its plan to emerge from Chapter 11 bankruptcy, funded in part by asset sales.
Mountaineer Keystone, a pure play natural gas operator in the Marcellus, has changed its name to Arsenal Resources.
Prady Iyyanki has been appointed CEO and president of Houston-based Forum Energy Technologies (NYSE: FET) as part of a long-planned transition, according to a news release. Iyyanki, who currently serves as president and COO of the global oilfield products company, will succeed C. Christopher Gaut, effective May 16.
Mills has nearly 35 years of experience in the oil and gas industry, including most recently as board chairman and CEO of Eagle Rock Energy Partners.
OPEC is curbing its output by about 1.2 MMbbl/d from Jan. 1, the first cut in eight years. Russia and 10 other non-OPEC producers agreed to cut half as much.
Drillers added six oil rigs in the week to Feb. 17, bringing the total count up to 597, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 17. During the same week a year ago, there were 413 active oil rigs.
Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.
Brent Eshleman has more than 30 years’ experience in the oil and gas industry and is an engineer.
Federal officials and North Dakota's governor refused to extend next week's evacuation deadline for activists living in camps that have been a base for months for demonstrations against the Dakota Access oil pipeline.
A second consecutive massive build in U.S. crude stockpiles on Feb. 15 left the market relatively unimpressed, as the market awaited further evidence that OPEC cuts were in effect.