Posts filtered on Tag
In Kern County, the shaking topped out on Sept. 22, 2005, with three quakes, the biggest magnitude 4.6, researchers said.
Thirty-nine years after Fleetwood Mac’s second album was released, and ‘rumours’ of a production cut and fears of a worsening US economy are pushing and prodding the crude market around today. Commodities are also getting whipsawed around by currency moves. As the US dollar continues to weaken due to growing pessimism about the US economy, […]
Karnes County is still pumping more crude oil than any other county, with 6 million barrels produced in November.
South Texas’ Eagle Ford shale saw four more rigs go dark this week, while West Texas’ Permian Basin lost another three rigs, according to according to weekly data released by oil field services firm Baker Hughes.
The monthly numbers fell in line with the near-zero growth rate that economists had been predicting.
North Dakota Petroleum Council President Ron Ness said if sour crude prices were to hold at just a couple of dollars a barrel, the wells will likely be shut down until prices rebound.
In its monthly oil market report, OPEC predicted the oil bust will force global non-OPEC output to sink by 660,000 barrels a day this year, a 69-percent downward revision of its prior monthly forecast.
Swift Energy Co. has become the latest U.S. shale driller to succumb to the brutal downturn in crude prices, seeking Chapter 11 bankruptcy.
Communities in the Eagle Ford Shale topped the state’s list of the biggest crude oil, condensate and natural gas producers in October, according to preliminary data released this week by the Texas Railroad Commission. Karnes County continues to pump more crude oil than any other county, with nearly 6.39 million barrels produced in October.
The EIA’s new estimates added billions of barrels to the worldwide total of shale oil reserves.