Industry News

EIA Predicts US Oil Production To Top Russia By 2019

EIA Predicts US Oil Production To Top Russia By 2019

Reuters | Staff EIA forecasts US will be the world’s largest crude oil producer. U.S. crude oil production is expected to average more than 12 million barrels per day late next year for the first […]

Oil exports hit new 3 million barrels record

Oil exports hit new 3 million barrels record

Reuters | Ernest Scheyder The U.S. could expand shale gas output another 60 percent in the coming decades in addition to already being the world’s largest gas producer. Already the world’s largest gas producer, the […]

EIA: US total shale regions oil production for July seen up 141,000 bpd

EIA: US total shale regions oil production for July seen up 141,000 bpd

FXStreet | Eren Sengezer According to the EIA, U.S. oil production will continue to rise by 1,503 bpd for the Eagle Ford. The U.S. Energy Information Administration (EIA) has recently published its latest rig productivity […]

Texas oil port to raise $300 million for work to handle U.S. shale export boom

date June 15, 2018
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Texas oil port to raise $300 million for work to handle U.S. shale export boom

Reuters| Collin Eaton Texas is looking to raise money to fund the creation of the largest oil-export port in the U.S. to handle the growth in U.S. exports. Port officials on Tuesday are expected to […]

How America’s shale plays are turning the U.S. into a global exporting power

How America’s shale plays are turning the U.S. into a global exporting power

Forbes | David Blackmon The US was ranked the 7th largest crude exporting country as of February 2018, and is projected to double the volume of exports by 2020. With U.S. production growth for oil […]

Oil rig count ticks up slightly in Texas, nation

date June 1, 2018
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Oil rig count ticks up slightly in Texas, nation

Last week, drilling in the Eagle Ford Shale grew and the overall U.S. rig count increased. Drilling activity picked up slightly this week in South Texas’ Eagle Ford Shale and in Oklahoma while the nation’s […]

Demand signals pull oil prices higher

date May 31, 2018
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Demand signals pull oil prices higher

UPI | Daniel J. Graeber Increased demand and production have caused crude oil prices to move out of a stage of decline. “Economic growth accelerated in 2017 for the first time since 2010, driven by […]

Texas sees rise in oil, gas jobs

Texas sees rise in oil, gas jobs

E&P | Velda Addison According to the EIA, gains are anticipated in the Eagle Ford Region contributing to an overall increase in oil and gas jobs in Texas. Oil and gas companies in the Lone […]

Oil prices rebound as crude inventories shrink

Oil prices rebound as crude inventories shrink

OilPrice.com | Irina Slav After last week’s EIA’s Weekly Petroleum Data Report came out, oil prices rose. Crude oil prices moved higher today after the Energy Information Administration reported a draw in crude oil inventories […]

Report: Hiring and salary outlook for E&P is positive –

date May 30, 2018
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Report: Hiring and salary outlook for E&P is positive –

Rigzone | Valerie Jones According to CSI Recruiting, salaries and jobs across the E&P sector are increasing in 2018. U.S. drilling activity has been in an upswing and with that comes the need for more […]