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Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.
Chevron Backs 2018 Production Rise, Eyes Share Buybacks
Tuesday, March 06, 2018 Chevron says it should be able to raise production as planned by between 4 and 7 percent in 2018.
IEA Sees US Oil Output Surge Stealing OPEC Share In Next 5 Years
Monday, March 05, 2018 US shale oil output is set to surge over the next 5 years, stealing market share from OPEC producers and moving the country closer to self sufficiency, IEA says.
EIA: US Crude Oil Production Hit Record High In November
Wednesday, February 28, 2018 US crude oil production shattered a 47-year output record in November and retreated slightly in December, the US Energy Department said.
IEA: US To Overtake Russia As Top Oil Producer By 2019 At Latest
Tuesday, February 27, 2018 The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency says.
Chesapeake Says To Raise 2018 Output On Lower Spending, Shares Jump
Thursday, February 22, 2018 Chesapeake says it expects production to keep rising this year, despite a 12% cut in spending.
Energen's Oil Production Forecast Misses Estimates Amid Proxy Fight
Tuesday, February 20, 2018 Energen reports a better-than-expected quarterly profit, but expectations for oil production fell short.
IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.
ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.
US Oil Reserve Would Fall Nearly in Half Under Budget Deal
Thursday, February 08, 2018 The US is poised to sell half of its emergency oil reserves to help pay its bills.
US Crude Output to Jump Above 11 mln bpd Sooner Than Expected
Tuesday, February 06, 2018 The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated.
Permian Seen Second to Saudis for Spare Oil-Output Capacity
Monday, February 05, 2018 The Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri.
North Dakota Bakken Oil Rises Again in Shadow of Mighty Permian
Thursday, February 01, 2018 The second-largest US shale-oil play is growing in the shadow of a newer, bigger and faster-growing competitor.
Shale Sends US Output Past Historic 10 Million-Barrel Mark
Wednesday, January 31, 2018 US oil production surged above 10 million barrels a day for the first time in four decades.
ExxonMobil to Triple Production in the Permian
Tuesday, January 30, 2018 ExxonMobil plans to ramp up its oil production in the Permian Basin in coming years.
Texas Oil Economist Predicts Record Output in 2018
Thursday, January 25, 2018 Oil production in 2018 is set to break records, according to oil economist Karr Ingham.
Oil Producers Want New Hearing on Impact of Magellan Proposal
Wednesday, January 17, 2018 Oil and gas producers WPX Energy and Chevron have asked a U.S. regulator for a new hearing on the broad industry impact of Magellan Midstream Partners' request to launch a marketing arm.
US Oil Industry Set to Break Record, Upend Global Trade
Tuesday, January 16, 2018 The question of whether the shale sector can continue at this pace remains an open debate.
EIA: US Oil Output To Hit Record Over 11 MMbpd By End Of 2019
Tuesday, January 09, 2018 US crude oil production is expected to climb to more than 10 million bpd early in 2018, reaching that milestone for the first time since 1970.
EIA: US Crude, Natural Gas Output At Multi-Year Records In October
Friday, December 29, 2017 US crude oil production in October rose to the highest in more than 46 years, while natural gas production leaped to a new record.
Oasis Looks To Expand Oil Ambitions Beyond North Dakota's Bakken
Thursday, December 21, 2017 Oasis Petroleum is heading south to the nation's largest oilfield.
EIA: US Crude Stockpiles Slump, Gasoline Builds More Than Expected
Wednesday, December 06, 2017 US crude oil stockpiles fell more than expected last week as refineries hiked output.
Gadfly: The Billion Barrels That Make or Break the Oil Market
Monday, December 04, 2017 There are a billion barrels of oil simultaneously buoying the market and hanging over it like a giant storm-cloud.
IEA: US To Account For Most World Oil Output Growth Over 10 Years
Thursday, November 16, 2017 The United States is expected to account for more than 80% of global oil production growth in the next 10 years, IEA says.
US Cuts Natgas 2017 Output Growth Forecast, Raises 2018 Outlook
Tuesday, November 07, 2017 US natural gas production growth is expected to surge in 2018, after rising more modestly in 2017, EIA says.
Pioneer Natural 3Q Adjusted Profit Beats Expectations
Wednesday, November 01, 2017 Pioneer Natural Resources posts a better-than-expected adjusted profit, helped by rising commodity prices.
Views from the Crest of LNG's Second Wave: NextDecade's Kathleen Eisbrenner
Wednesday, November 01, 2017 The second wave adds another dimension to the LNG market.
Encana Calls End to Permian Race as Focus Turns to Output
Wednesday, October 18, 2017 Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.
Total Expects Port Arthur Refinery Production Return Soon
Tuesday, September 26, 2017 Total expects production soon from its 225,500-barrel-per-day Port Arthur, Texas, refinery.
Perry Highlights Need for Oil Reserve in Rebuke of Trump's Plan
Friday, September 15, 2017 Hurricanes Harvey and Irma demonstrate the importance of keeping the US Strategic Petroleum Reserve, Energy Secretary Rick Perry says.
EIA Lowers US 2017, 2018 Crude Output Forecasts After Harvey
Tuesday, September 12, 2017 The EIA revises both its 2017 and 2018 oil production forecast figures lower to reflect, in part, the effects of Hurricane Harvey.
Statoil Sees Eagle Ford Operations Back At Normal This Weekend
Thursday, September 07, 2017 Statoil says it expects its operations in the Eagle Ford shale region of Texas to return to normal.
ConocoPhillips Says Eagle Ford Shale Output Nears Pre-Harvey Levels
Tuesday, September 05, 2017 ConocoPhillips Says Eagle Ford Shale Output Nears Pre-Harvey Levels
Harvey's Wake Tempers Bullish Outlook for US Oil Output Growth
Friday, September 01, 2017 Oil analysts and some company executives had anticipated that the US could top the 10 million bpd mark by year-end.
Natural Gas Looks Hurricane-Proof, for Now: Nathaniel Bullard
Friday, September 01, 2017 US natural gas production is more widely distributed than it was in 2005.
BSEE: About 13.5% Of US Gulf Oil Output Still Shut In By Harvey
Thursday, August 31, 2017 About 13.5% of oil production in the Gulf of Mexico was shut in on Thursday due to Tropical Storm Harvey.
EIA: US Oil Inventories Drop By 3.3 Million Barrels
Wednesday, August 23, 2017 US crude stocks fell last week and gasoline stocks were down as well, the EIA says.
EIA: US Crude Stockpiles Fall The Most In Nearly A Year
Wednesday, August 16, 2017 US crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year.
North Dakota Oil Production Slips About 1% In June
Friday, August 11, 2017 North Dakota's daily oil production slips about 1% in June.
Rising Gas Output Drags Down Shares Of US Shale Leader Pioneer
Wednesday, August 02, 2017 Shares of Pioneer Natural Resources Co plunged after the US shale producer cut its oil-production growth forecast and said it would pump more natural gas this year, spooking investors.
Riverstone Unit Acquires SCOOP/STACK/MERGE Pipeline, ROW
Wednesday, August 02, 2017 Mainline Midstream, LLC has acquired more than 1,000 miles of oil and gas pipeline and rights of way (ROW) in the SCOOP/STACK/MERGE resource play.
EIA: US Crude Oil, Gasoline Stocks Fall Sharply
Wednesday, July 26, 2017 US crude stocks fell sharply last week due to strong refining activity and an increase in exports, the EIA says.
US Shale Oil Output Seen Up for Eighth Month at 5.6 Mln bpd -EIA
Monday, July 17, 2017 The U.S. shale production level reportedly would be the highest since record-keeping began in 2007.
US Natgas Output Seen Up in 2017, but Still Below 2015 Record
Tuesday, July 11, 2017 U.S. dry natural gas production in 2017 was forecast to rise to 73.30 billion cubic feet per day (bcfd) from 72.29 bcfd in 2016, according to the Energy Information Administration's (EIA) Short Term Energy Outlook (STEO).
TECH SHOWCASE: A 'Blindness' Cure for Operators
Monday, July 03, 2017 'Internet of Things' platform takes guesswork out of measuring fluid levels, gas flow, says exec. Image source: Weir Oil & Gas.
Big Oil Turns To Big Data To Save Big Money On Drilling
Friday, June 23, 2017 In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.
Alaska Field Hits 40 Years of Production
Tuesday, June 20, 2017 The BP-operated Prudhoe Bay oil field in Alaska reaches 40 years of production, generating more than 12.5 billion barrels of oil in the process.
Hess To Sell Permian EOR Assets To Occidental For $600 Million
Monday, June 19, 2017 Hess says it will sell its stake in enhanced oil recovery (EOR) projects in the Permian Basin of West Texas and New Mexico.
North Dakota's Oil Output Rises 2% In April
Tuesday, June 13, 2017 North Dakota's daily oil production rose 2% in April as rising crude prices encouraged companies to pump more.
North America's Busiest Oil Dealmaker Turns Focus to Production
Tuesday, May 02, 2017 After five years of snapping up more oil assets than any of its peers in North America, Crescent Point Energy Corp. is turning its focus to getting more out of them.
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