Crude production in the country has dropped to less than half its level in 1998.
Leading shale oil producers are generating significant free cash with oil prices at present levels.
Canyon Creek CEO Luke Essman said the JV partnership with Pivotal Petroleum Partners signals a renewed interest in the Arkoma.
Comstock Resources CEO Jay Allison recently spoke with Hart Energy about why his company is seeing great returns in the Haynesville Shale.
WPX CEO Rick Muncrief discusses the differences between its San Juan and Delaware basin assets and highlights the role of the Permian, where the company has more than 120,000 net acres.
More than half the total oil rigs are in the Permian Basin in west Texas and eastern New Mexico.
Drillers added 11 oil rigs in the week to April 6, bringing the total count up to 808, the highest level since March 2015, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report. This was the biggest weekly addition in about two months.
More than half the total oil rigs are in the Permian Basin in West Texas and eastern New Mexico where active units increased by seven this week to 444, the most since January 2015.
Drillers cut four oil rigs in the week to March 9, bringing the total count down to 796, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.