News

A top CEO declared the U.S. oil industry has ‘peaked’
We’re a little over 100 days into this new administration and, ‘Good Lord.' There’s been a tremendous amount of volatility ...
Geothermal expansion in Texas a potential ‘game changer’
With broad support, geothermal energy — a renewable energy that taps the earth’s inner heat — is on the cusp of a boom in ...
OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
U.S. February Oil Production Marginally Higher
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs PSM, which ...
Basin rig count down two as prices drop
The rig count in the Permian Basin was down two this week, the latest count Friday by Baker Hughes shows, with 287 rigs active in the region. A year ago, 316 rigs were active in the region. Nationally ...
Oil posts biggest weekly loss in a month ahead of OPEC+ meeting
Oil prices fell over 1% lower on Friday and recorded for their biggest weekly losses since the end of March, as traders ...
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy ...