David Hunn is an energy reporter at the Houston Chronicle.

Article 160
Texas adds 16 rigs, but panhandle wins; only 2 in Permian

The number of oil and gas rigs in U.S. fields rose for the fifth straight week, another sign of optimism in the industry, despite stagnating oil prices. This week’s count jumped 10, a boom of almost 350 rigs since the count fell to its recent low last spring. U.S. oil drillers collectively sent six ...

Oil and gas deal makers say rebound is here

The wheeling and dealing started at NAPE, the nation’s largest conference for buying and selling oil and gas land, when Houston’s George R. Brown Convention Center floor opened Thursday morning. And the land men and women — those charged with cutting oil and gas deals — walked with smiles on their f ...

NAPE attendance up; Industry recovery ‘aggressive’, speaker says

NAPE, the nation’s premier conference for buying and selling oil and gas land, opened Wednesday at the downtown convention center with a rebound in attendance and renewed hope in the oil field. After a rough summer session at the meeting formerly known as the North American Prospect Expo — att ...

Apache reveals new Alpine High results, disappoints analysts

Shares of Apache Corp. fell in early trading on Tuesday after releasing well results from its new West Texas discovery, Alpine High, which some analysts viewed as disappointing. The Houston-based company announced in September the new oil field, which stretches largely across the bottom of Reeves Co ...

Drilling restarts on Dakota Access Pipeline

If activists are looking to organize again in North Dakota against work starting up on the Dakota Access Pipeline, they’ll have time: A federal judge on Monday refused to stop construction on the last stretch of the pipeline. Drilling under Lake Oahe, meanwhile, and construction of the oil pipeline ...

Noble Energy increases revenues, cuts 2016 losses

Noble Energy deeply cut expenses, increased revenues and reduced losses last year by 60 percent, according to earnings released on Monday. Noble, an oil and gas production company based in Houston, posted $252 million in losses in the fourth quarter of 2016, or 59 cents per share, $1.8 billion or al ...

Are shale’s days numbered?

The Texas shale revolution will not last forever. U.S. shale and tight oil production will increase to more than 6 million barrels per day in the coming decade, making up most of total U.S. oil production, according to a recent report by a branch of the U.S. Department of Energy. U.S. shale oil prod ...

Exxon CEO Darren Woods to speak at CERA Week

Exxon Mobil chairman and chief executive Darren Woods will give the keynote speech at IHS CERAWeek, one of the energy industry’s largest annual conferences, held this March in Houston. It will be one of Woods’ first major conference appearances since taking the reins in January at Exxon, the county’ ...

Rig count hops up 12; Permian Basin again drives rise

The number of oil and gas rigs in U.S. fields rose again this week, up 12 or about 170 over the past three months. This week’s count marks the fourth increase in a row, and a boom of more than 335 rigs since the count fell to its recent low, last spring. U.S. oil drillers ... ...

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