U.S. Economy Benefits The recent shale boom in the U.S. increased the oil and gas sector’s impor-tance, although it remains a relatively small part of the national economy. The share of oil and gas in total employment peaked in the early 1980s at close to 0.8 percent. It declined ...
Some U.S.oil and gasfirms are "routinely" and illegally underpaying their workers, according to a report inProPublica. A review of hundreds of U.S. Department of Labor investigations found that firms in the intensely competitive domestic energy market are using accounting techniques to deny medica...
As is the case for drilling, many public companies are involved in well service activity. The revenue of service companies is tied to the activity level in the oil and gas industry.Rig count and utilization ratesare indicators of the amount of activity happening in the United States at any ...
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Title examiners often come across an assignment of oil and gas leases which contains inconsistencies between the granting language in the body of the assignment and the property descriptions contained in the exhibit attached thereto. The cases of Piranha Partners v. Neuhoff[1] and Posse Energy…Read...
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Search Oil & Gas Jobs. Read the latest Oil & Gas News. Rigzone is the World's leading resource for Oil & Gas jobs, news, events, and training.
A majority of oil and natural gas operators expect well drilling and completion costs to remain mostly unchanged if not inch slightly higher in 2024 versus 2023, given that a decline in rig counts and increased efficiency has contributed to lower expectations in employment and activity, the most ...
The Permian basin is synonymous with US oil and gas production, contributing to 46% of US crude oil production, 20% of US gross natural gas production, 51% of rig count activity, and nearly 40% of the total mergers and acquisitions deal value in the US upstream sector in 2024.6In fact,...
Ken Waits, CEO of Mewbourne, told the Wall Street Journal that the number of rigs actively drilling in the Permianwill probably only keep grinding slowly upward. The region’s oil and gas rig count this year has risen to 266, compared with 418 before the pandemic and its peak of 568 in...