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,...
The US oil and natural gas rig count sputtered through late December, hovering just above a two-year low as E&Ps continued to dial back drilling activity amid a souring outlook for commodity prices. In the week to Dec. 27, the number of operating US rigs edged up to 677 marking a ...
In fact, gas and oil companies remain a major source of energy jobs in the U.S. despite increasing interest in renewable energy sources. On top of that, oil and gas is still the place to go if you want to rake in the big bucks—it’s one of the highest-paying fields in energy. ...
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Saudi Aramco, Saudi Arabia’s state oil and gas producer, said crude prices may end the year as high as $82 a barrel because of demand from China and India. “The prospect is good,” Mohamed Daoudi, head of research and technology at Aramco Overseas Co. B.V., said on Monday in an...
Many publicly-traded exploration and production companies that have reported quarterly earnings thus far have signaled an intention to stand up more oil and gas rigs, following a 75-percent collapse in the rig count from the highs of 2014. ...
As the natgas price goes higher, more will (depending on region, since solar and wind are cheaper in some regions than others). As the solar and wind prices drop, this cap will drop, until nat gas is removed from the electricity market. I think we’re going to continue to see ...
NMJC Vice President of Training and Outreach; Jerrod T. Jones, XTO Energy Public and Government Affairs Manager; Courtney Puryear, former NMJC Director of Energy Technology; Kelly Tooker, NMJC Director of Oil and Gas Technology; and Courtney Wardlaw, XTO Public and Government Affairs Advisor....
Virtually all of the loss must have been borne by coal and gas suppliers,since the marginal costs of both nukes and hydro are close enough to zero not to matter. This loss of markets in turn must have resulted in some significant drop in the market price for coal. Gas on the other ...
Shell is in talks with the Government as ministers consider a fresh windfall tax on oil and gas companies to help fill a £35bn black hole in the public finances. Ben van Buerden, chief executive of the oil and gas giant, said he accepted the case for higher taxes after the industry...