Industry News From Around the Web

  • U.S. oil industry set to break record, upend global trade
    January 16, 2018
    Reuters | Liz Hampton Forecasts for U.S. shale production show positive economic and political impacts as oil imports may be cut by a fifth. Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined ...
  • It’s a Record Year for Natural Gas
    January 12, 2018
    Houston Chronicle | David Hunn Last week, the U.S. rig count experienced the largest increase in eight months now totaling 939.   The U.S. rig count leaped 15 this week, the largest increase since May, with oil prices surging past $63 a barrel and confidence returning to the patch. Houston oilfield services company Baker Hughes, a GE ...
  • Shale Restraint Could Lift Oil to $80
    January 11, 2018
    Oil Price | Nick Cunningham According to Goldman Sachs, if the U.S. oil and gas industry reduces service costs through productivity gains and increased efficiencies, and do not drill recklessly, oil prices should continue to rise. Brent recently hit $70 per barrel and WTI surpassed $64.50, and oil executives from the Middle East to Texas no doubt ...

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