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Energy Information Administration

A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Oil prices dip as crude stockpiles jump

The news put pressure on oil prices that had risen early in the week.
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Oil prices fall after inventory data show a big build

The U.S. Energy Information Administration said that stocks of oil across the country rose by 7.6 million barrels in the week ending Oct. 9, bringing the total amount of oil in commercial storage to a 80-year-plus seasonal high of 468.6 million barrels.
eagle ford oil production since 2007

Eagle Ford, Bakken, Niobrara shale plays set to lose nearly 115,000 barrels per day of production next month

The EIA said in its Drilling Productivity Report that overall U.S. oil production would fall 93,000 barrels per day to 5.12 million bpd total in November, the largest decrease recorded in the agency’s data going back to 2007.
A very large smokestack flare burns off flammable product after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Chuck Bennett)

California gasoline imports spike following refinery outage

Imports of gasoline into the state have grown to more than 10 times their average level over the five month period following an explosion at a Exxon Mobil Corp.’s Torrence refinery on Feb. 18.
(AP Photo/Keith Srakocic, File)

Ohio, West Virginia, Pennsylvania combine efforts on gas drilling

The U.S. Energy Information Administration reports the three states have had 85 percent of the increase in U.S. natural gas production since January 2012.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Texas shed 28,300 oil and gas jobs since December

The oil slump has claimed at least 28,300 oil and gas jobs in Texas since December as the industry continues to pare back amid the worst downturn in years.
EIA: Eagle Ford Shale production to dip in July

EIA: Oil firms’ deficit between spending and cash balloons to $50 billion

The plunge in crude prices cost oil companies some $35 billion in operating cash flow in the second quarter, the U.S. Energy Information Administration said Thursday.
Floor hands David Vannapha, left, Mario Ramos, center, and Jose Garza make a pipe connection on the drill string on the Orion Perseus drilling rig near Encinal in Webb County, Texas, U.S., on Monday, March 26, 2012. The Perseus is drilling for oil and gas in the Eagle Ford Shale, a sedimentary rock formation underlying an area of South and East Texas. Photographer: Eddie Seal/Bloomberg *** Local Caption *** David Vannapha; Mario Ramos; Jose Garza

Low prices keep eating into oil and gas investment

Drilling for oil requires a large amount of capital, meaning that investment today can translate into less production in the future, although more efficient drilling can lessen the impact.
(Jim Gehrz/Minneapolis Star Tribune/MCT)

Shale drillers spending most of their cash paying off high debt

North American oil explorers have only hedged about 11 percent of their oil production in 2016. That’s well below the 28 percent of oil production they’ve hedged in the third quarter of this year and , according to research firm IHS.
(Photographer: Eddie Seal, Bloomberg)

EIA: Shale output fell by 350,000 barrels a day since April

Government analysts say shale oil fields in Texas, Colorado, North Dakota and Ohio are set to decline by 80,000 barrels a day this month, bringing their combined daily output to 5.2 million barrels in October.