US Oil Rig Count Rises To Most Since September 2015
The increase came despite a collapse in crude futures this week to a three-month low because the rigs activated this week were based on decisions made a couple of month ago when oil prices were higher.
CERAWeek: Range, Anadarko CEOs Debate Gas
Two prominent U.S. shale producers diverged on the role and price outlook for natural gas.
US Shale Aims For Production Growth Despite OPEC's Warning
As shale firms rebound from a two-year price war with OPEC, many are planning to expand production in North Dakota, Oklahoma and other shale regions.
Industry Awaits Legislators’ Next Move Regarding Emissions
Repeal of the U.S. Bureau of Land Management’s waste prevention rule passed the House, but awaits action from the Senate.
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.
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.
Chesapeake Energy Posts Smaller Quarterly Loss
In a note, Barclays analysts wrote the U.S. natural gas producer's fourth quarter results were largely in line with expectations, but described Chesapeake's 2017 production forecasts as "a bit more pessimistic" than rivals.
After Prosperous 2016, Private Equity Makes Its Plays
In fourth-quarter 2016, nearly all of the $11.9 billion in transactions were made by public companies purchasing from private-equity firms.