In: News

The great saltwater flood in the Permian Basin
August 8, 2022

The Permian basin (Permian) of Texas (TX) and New Mexico (NM) is the most prolific oil and gas region in the…

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Total recoverable oil worldwide is now 9% lower than last year, threatening global energy security
July 3, 2022

Following publication of BP’s annual Statistical Review, each year Rystad Energy releases our own analysis of the global energy landscape to…

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Rig counts pause with 342 in Permian, 357 in Texas, 727 in U.S.
June 12, 2022

Oil and gas operators in Permian Basin and elsewhere continued their pause in new drilling activity, according to the Baker Hughes…

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Private oil and gas companies expected to push the Permian’s Delaware Basin to record output
May 24, 2022

Oil and gas production in the Permian’s Delaware Basin will climb to record levels this year, according to research from Norwegian…

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Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
May 20, 2022

Colgate Energy agreed on May 19 to combine with Centennial Resource Development Inc., squashing recent rumors that Colgate was seeking an…

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Permian Basin Oil Output Forecast to Hit Record High in June: EIA
May 19, 2022

Oil output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise…

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Shifting capital allocation strategies in E&P sector amid oil price up-cycle
May 12, 2022

Russia’s invasion of Ukraine and the recent spike in oil prices has focused global attention on oil and gas supplies and…

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U.S. oil producers increased capital expenditures and cash from operations in late 2021
May 5, 2022

In response to higher crude oil prices, financial results for 42 U.S. exploration and production (E&P) companies showed large increases in…

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Why Are E&Ps Slow To Respond To Higher Oil Prices?
April 30, 2022

Find out what’s behind the muted response of North American oil drilling activity and how it compares with the recent rise…

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Oilfield Water Markets Update, Trends, and the Future
April 15, 2022

The Oilfield Services (“OFS”) industry has long been known for its cyclicality, sharp changes in “direction” and demand-driven technological innovation. One…

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