United States

Oilfield Service Investors Pull Back On Worries About US Shale Production

The recent pullback in oilfield service stocks comes as some shale producers warned production in the Permian Basin may slow due to a lack of pipeline space to move the crude to market.

Jun 25 2018 - 7:50am

USGS Report Shows Oil, Gas Richness Of Eagle Ford

The assessment put the region among the top five largest continuous resources for oil and gas in the U.S.

Jun 22 2018 - 2:18pm

Report: US Oil Drillers Cut Rigs For First Time In 12 Weeks

Active rigs in the Permian declined by two this week to 473—their lowest level in five weeks—as pipelines out of the reach are expected to force smaller producers to slow or shut-in production

Jun 22 2018 - 2:10pm

Schlumberger Wins In US Supreme Court On Patent Damages

The U.S. Supreme Court's 7-2 decision overturned a lower court's ruling and reduced by $93.4 million the damages sum that rival ION Geophysical had to pay for infringing Schlumberger technology.

Jun 22 2018 - 11:15am

Appalachian Basin Activity Highlights: June 2018

Larry Prado, Hart Energy’s activity editor, summarizes recent action in Appalachia shale plays including a Marcellus completion with the longest lateral to date, according to EQT.

Jun 21 2018 - 1:40pm

Chevron’s Venture Capital Arm Launches $100 Million Fund

Investments from the new fund are expected to focus on disruptive technologies that reflect the company’s commitment to lower emissions from oil and gas.

Jun 21 2018 - 10:40am

Hess CEO: Focus On Returns Now Will Hurt Long-Term US Shale Investment

"Investor sentiment in the last year has really, markedly changed. I'd say it's gone from, 'drill, baby, drill,' to 'show me the money,'" says Hess CEO John Hess speaking at the OPEC International Seminar.

Jun 21 2018 - 10:15am

US Oil Producers Face Output Squeeze As Permian Pipelines Fill

Pioneer's Scott Sheffield said this week that overall Permian output could flatten in the 12-month period ending September 2019, when proposed pipelines are completed.

Jun 21 2018 - 9:30am

Marketed: Permian Basin Position, Eddy And Lea Counties, New Mexico

Jalapeño Corp. retained EnergyNet as its exclusive adviser to market their interest within the Permian Basin located in Eddy and Lea counties, N.M.

Jun 21 2018 - 8:55am

EIA: US Crude Stockpiles Drop Sharply In Largest Decline Since January

Crude inventories fell by 5.9 million barrels in the week to June 15, the largest one-week decline since January, the Energy Information Administration said June 20.

Jun 20 2018 - 10:30am