EPA Withdraws Request For Methane Information From Oil, Gas Industry
The action can be seen as one of what will be several moves to undo the Obama administration's climate change regulations.
DUC Season: Rockies’ E&Ps Aim At Backlog Of Wells
Many E&Ps are adding capex to complete wells and using new completion techniques in the Williston and Denver-Julesburg basins to improve profitability.
BP Lifts Outlook For Core Oil Business
BP's upstream business is expected to generate free cash flow of $13 billion to $14 billion by 2021, nearly double an outlook presented last year of $7 billion to $8 billion by 2020.
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.
Ultra Renegotiates Gas Processing Pacts With Enterprise, Williams
Ultra said in a statement that it expects the new agreements to provide financial benefits related to its operations at the Pinedale Field asset in Wyoming
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.
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.