Welcome to the Oilfield1 Weekly Report. Providing you the latest U.S. oil prices, rig counts & more. Weekly Sponsor: Texas Oilfield Caps Current U.S. Oil Price: $70.46 US Rig Count: 1,219 (+95) Permit count: 727 (-245) Rigs Waiting to Spud: 67
The Houston energy services company, a subsidiary of General Electric Co. of Boston, reported the layoffs at its Schertz location to the state in a workforce adjustment and retraining notification or WARN notice Friday. A letter sent to the Texas Workforce Commission on June 6 saidthe bulk of […]
The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said. What to do on Oilfield1 Store Jobs News People Videos The worsening bottleneck in […]
American politicians are at it again: punching OPEC. The cartel has often been a bogeyman for U.S. politicians since the first oil crisis in 1973. Now OPEC is facing a renewed political assault in Washington, directly from President Trump’s Twitter account, and quietly, but potentially more dangerously, from […]
Oil production from West Texas’ booming Permian Basin will more than double from 2017 to 2023, soon surpassing the crude oil volumes of every OPEC nation except Saudi Arabia, according to a new report from the research and consulting firm IHS Markit. Even with pipeline constraints and labor […]
Global trade of liquefied natural gas saw record growth last year amid a boom in U.S. energy production that allowed Houston’s Cheniere Energy to ramp up exports to meet growing demand in Asia and elsewhere. Trade volumes reached 38.2 billion cubic feet per day, up 10 percent from 2016, the […]
The U.S. is set to get a bit more possessive about its own oil, sparking a bidding war with eager buyers in the other side of the world. Asian refiners from China to Taiwan and Thailand have boosted purchases of American crude in recent months because it was […]
Oil traded near $65 a barrel as an industry report showing a drop in American crude stockpiles helped counter fears that supplies may gain after the U.S. was said to ask OPEC to boost output. Futures in New York were little changed, following a 1.2 percent advance on […]
Welcome to the Oilfield1 Weekly Report. Providing you the latest U.S. oil prices, rig counts & more. Weekly Sponsor: Rig Splash Oilfield Cap Current U.S. Oil Price: $65.31 US Rig Count: 1,154 (-4) Permit count: 727 (-245) Rigs Waiting to Spud: 46 Rigs on the move: 436
Drilling activity picked up slightly this week in South Texas’ Eagle Ford Shale and in Oklahoma while the nation’s overall rig count stayed relatively flat. The number of rigs drilling for crude oil or natural gas grew by one rig this week, with a net gain of two […]
