As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
Barring bad weather and major disruptions in the global oil supply, market forces may curb unbridled U.S. gasoline prices next year more than any year since the country emerged from economic recession.
An old adage about life is that when you are in a hole quit digging. With trust in government at an all time low, actions that further erode trust and credibility are just more examples of keep on digging. The Wall Street Journal recently reported a case of EPA doing exactly that. It is no […]
Even in oil & gas, where the market is good for job seekers, internships are crucial for getting your foot in the door. While they present a great opportunity for interns to build their skill set, they provide an equally good chance for companies to perform an “extended interview” and evaluate things like work ethic, dependability, and “fit” with the company culture. Today, a budding oil & gas professional from Rice University wants to know how they can ace this interview and secure their place in the industry!
Thousands of miles of underground gathering pipelines in North Dakota are being mapped under new rules that require companies to report the locations to the state, a change that is being hailed by regulators, industry and the state’s biggest landowner group.
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