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U.S. Rig Count Continues Weekly Growth, Rises by 15

Oilfield services firm Baker Hughes said the U.S. rig count for the week ending March 31 rose by 15 to 824, the eleventh consecutive week that the tally has increased. The current count is 374 more, or an…

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Speakers: Oil Companies Adjust to New Reality

The oil and natural gas industry over the past decade has undergone a fundamental shift that has altered industry, commerce and global politics, speakers said Thursday at the University of Oklahoma Energy Symposium. “The shale…

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North Dakota Oil Output to Get Boost from Disputed Pipeline

North Dakota oil production will get a shot in the arm next month as a pipeline comes online despite opposition by environmental groups and Native Americans, allowing the energy industry to save at least $540…

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Permian Production Close to Outgrowing Pipeline Capacity

Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago. West Texas Intermediate crude at Midland, Texas, the heart of the…

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Texas Drilling Permits Rising in 2017

The number of drilling permits issued by the Texas Railroad Commission has risen over the past three months, a sign that the state’s oil and gas industry is beginning to recover from the recent downturn….

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Oil Executive Warns of Overproduction

The biggest challenges the oil and natural gas industry face are those created by the oil and natural gas industry, an oil-field services company executive said Tuesday at an energy conference in Oklahoma City. Drilling…

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