An oil rig caught on fire in Howard County at around 9:30 a.m. Monday July 23rd. The Howard County Volunteer Fire Department told us that the fire was put out at around 12:30 p.m. The Howard County VFD and emergency personnel from Martin County and Dawson County responded […]
An international tribunal has determined that Petrobras, Brazil’s state-run oil company, is liable to pay $622 million to settle a contractual dispute with a deepwater drilling contractor operating out of Houston. Texas Oilfield Caps The tribunal, convened in Houston through the International Center for Dispute Resolution, concluded 2-1 […]
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: $73.60 US Rig Count: 1,172 (-2) Permit count: 952 (-267) Rigs Waiting to Spud: 74
Houston gas prices are expected to climb higher on July 4, hitting $3 a gallon at some stations as drivers gear up for road trips on one of the year’s busiest travel days. The price of regular unleaded in the Houston area is expected to average $2.69 a […]
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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 […]
