Oil & Gas News:

Articles on oil and gas topics

Speakers: Exports Can Maximize Permian Production Value

Permian Basin oil and gas producers should think outside the nation’s borders to maximize the value of the region’s oil and gas riches, according to a Magellan Midstream executive. “There’s a lot of barrels from…


IEA: U.S. Shale Oil Production Growth ‘Impressive’

Cost savings and technological improvements have contributed to the “impressive growth” from U.S. shale oil, the International Energy Agency said. IEA Executive Director Fatih Birol delivered a presentation on the state of the global energy…


Oklahoma Budget Crisis Spurs Battle Among Oilmen

An impasse among Oklahoma lawmakers over how to fix the state’s worst budget problem in decades has sent the legislature spiraling into chaos and focused blame on the usually sacrosanct oil and natural gas industry…


Gov. Signs Bill Reauthorizing Texas Railroad Commission

The Railroad Commission of Texas, the state’s oil and gas regulator, has been reauthorized to operate for another 12 years, after a years long battle with legislators over how to reform the agency. On Monday,…


Feds Estimate Permian’s Spraberry Holds 4.2B Barrels of Oil

Just how significantly technology has altered the Permian Basin’s oil and gas riches was made clear with the release of the U.S. Geological Survey’s just-completed assessment of the Spraberry formation. The USGS estimates the Spraberry…


U.S. Rig Count Soars by 16 to Over 900

The U.S. drilling rig count rose by 16 during the week to  901, oilfield services firm Baker Hughes said on May 19. It was the 18th consecutive gain for the closely-watched weekly rig count. Over the…