The Permian Basin of West Texas is beginning the New Year on a strong note. Nearly three-fourths of the 245 drilling permits filed with the Railroad Commission during the first week of 2019 were from the prolific West Texas shale play. American Oilfield Caps Of the 48 exploration […]
This January marks the one year anniversary for one of the deadliest oilfield accidents in our nation. On January 22, 2018 in Oklahoma an explosion occurred on drilling rig that claimed the lives of 5 of our oilfield brothers. Later an investigation claimed that a surge of drilling […]
Oil extended its winning streak to the longest in almost a decade as the Federal Reserve’s wait-and-see approach on interest rate hikes added to a rosier outlook. Oilfield1 Shop Futures rose 0.4 percent in New York, continuing a recovery from a drop of about 40 percent at the […]
Welcome to the Oilfield1 Rig Report. Providing you the latest U.S. oil prices, rig counts & more. Weekly Sponsor: Oilfield1 Shop Current U.S. Oil Price: $52.41 US Rig Count: 1138 (-7) Permit count: 1764 (+334) *permit count up over 800 in last 2 weeks New Oilfield1 Caps
BPās investment in next-generation technology just paid off to the tune of a billion barrels of oil. The British energy company has discovered 1 billion barrels of crude at an existing oilfield in the Gulf of Mexico. BP also announced two new offshore oil discoveries and a major […]
Oil finally showing signs of bouncing back after dropping nearly $35 in fourth quarter of 2018. Experts predict prices will continue climbing with hopes of OPEC cuts and continued trade war negotiations between U.S. and China. Oilfield1 Shop
Welcome to the Oilfield1 Rig Report. Providing you the latest U.S. oil prices, rig counts & more. Weekly Sponsor: Oilfield1 Shop Current U.S. Oil Price: $47.19 US Rig Count: 1145 (-2) Permit count: 1425 (+563) sign up for free Oilfield1 Membership (bottom of page)
Start the New Year off right with a FREE business listing on Oilfield1. Oilfield1 is one of the fastest growing oilfield sites in the U.S. averaging over 30,000 page views each month. How to list your business: Register for FREE membership (bottom of site) Create FREE Listing (directory […]
Worldwide crude oil prices will average $61 a barrel in 2019. That’s according to the Short-term Energy Outlook by the U.S. Energy Information Administration. The estimate is $11/b lower than the EIA prediction just a month ago. Visit Oilfield1 Shop The forecast dropped after oil prices dipped below […]
Crude gained as U.S. equities rebounded and Russia signaled that OPEC and its partners would be willing to meet as needed to help manage the oil market. Texas Land & Oil Co. Caps Follow Texas Land & Oil Co. Futures in New York rose as much as 8.2 […]
