Scott Pruitt: EPA To Start 'Aggressive' Cuts To Regulations Soon
Pruitt mentioned three rules that could meet the chopping block early on: the Waters of the U.S. rule; the Clean Power Plan; and the U.S. Methane rule.
US Drillers Add Oil Rigs For Sixth Straight Week
Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 24.
Bob Dudley: BP May 'Incrementally' Increase US Shale Portfolio
In addition, BP raised the oil price at which it can balance its books this year to $60/bbl on Feb. 7 due to higher spending following a string of investments as annual earnings fell for a second consecutive year.
Vanguard Natural Resources Files For Chapter 11 Bankruptcy
A debtor-in-possession financing combined with Vanguard's cash from operations is expected to give the Houston-based company sufficient liquidity during the Chapter 11 process.
EIA: US Natgas Outlook Cut; Crude Production Set To Rise
Dry gas output in 2016 averaged 72.36 Bcf/d as low energy prices reduced drilling activity. It was the first annual production decline since 2005.
Patterson-UTI To Buy Seventy Seven For $1.76 Billion
Patterson-UTI will have more than 1.5 million hydraulic fracturing horsepower following the closing of the transaction, the U.S. driller said.
Trump Taps Congressman, Former SEAL Ryan Zinke As Interior Secretary
Zinke's choice was something of a surprise since some Republican officials wanted him to challenge Democratic U.S. Senator Jon Tester of Montana in the 2018 elections.
EPA Reverses Course With New Fracking Study
Fracking can contaminate drinking water under "some circumstances," the EPA said in a Dec. 13 report, which changes a previous finding that the drilling process does not cause "widespread, systemic" effects.
Report: Exploration Spending Could Dip Further In 2017
But exploration should return to profitability next year, partly driven by lower costs, according to an energy consulting firm.
Crescent Point Boosts 2017 Capital Budget To CA$1.45 Billion
The updated guidance is the latest sign of cautious optimism among Canadian oil and gas producers after more than two and a half years of weak prices and aggressive cost cutting.