Oil Falls As Concern Mounts Over OPEC Supply, Softer Global Growth

Oil fell on May 23, under pressure from a potential increase in OPEC crude output to cool the market’s recent rally and cover any shortfalls in supply from Iran and Venezuela.

May 23 2018 - 8:12am

For Big Oil, Reserve Size Matters Less Than Ever

The cost of developing existing reserves and the amount of carbon those reserves produce has now become more important, they said. This is leading to a profound shift in company strategies.

May 16 2018 - 10:01am

Permian Isn’t Falling Off ‘Trending’ Any Time Soon

Meanwhile, RS Energy Group's Trevor Sloan said he has found fluid intensity in Permian Basin completions to be moderating to declining—counter to other plays.

May 15 2018 - 2:11pm

Oil Gains On OPEC Report; US Crude Discount To Brent Deepens

Oil prices rose on May 14 as OPEC reported that the global oil glut has been virtually eliminated, while U.S. crude’s discount to global benchmark Brent widened to more than $7, its deepest in five months.

May 14 2018 - 2:46pm

EIA: US Shale Output To Rise To Record 7.18 MMbbl/d In June

U.S. shale production is expected to rise by about 145,000 barrels per day (bbl/d) to a record 7.18 million barrels per day (MMbbl/d) in June, the U.S. Energy Information Administration (EIA) said on May 14.

May 14 2018 - 2:17pm

Highlands Natural Resources Spuds Six Wells In Niobrara

The new wells spudded since April 2018 are named Buckskin, Citadel, Hagar, Ouray, Thunder and Grizzly.

May 11 2018 - 12:21pm

Oil Near Multiyear Highs As Iran Sanctions Tighten Supply Outlook

U.S. light crude was down 10 cents at $71.26, having touched a 3-1/2 year high of $71.89 on May 10. Many analysts expect oil prices to rise as Iran’s exports fall.

May 11 2018 - 9:22am

HighPoint Resources Promotes William M. Crawford To CFO

HighPoint Resources Corp. (NYSE: HPR) said on May 11 it has promoted William M. Crawford to the position of CFO effective immediately, where he will continue to oversee all financial responsibilities of the company.

May 11 2018 - 9:16am

Chevron’s Gorgon LNG Faces Scrutiny On Carbon Capture Project Delay

The state approved the $54 billion Gorgon project in 2009 on the condition that at least 80% of carbon dioxide released in its gas processing operations over a five-year rolling average period would be buried.

May 10 2018 - 10:26am

Advantage Midstream, SandRidge Energy Ink Agreement For Gas-to-Liquid Conversion In Colorado

The agreement provides for the delivery of Advantage Midstream’s conversion system to process natural gas from SandRidge Energy’s North Park assets under a long-term agreement.

May 10 2018 - 7:54am