OIL & GAS
BHI Rig Count Overview:
| Area | Last Count | Count | Change from Prior Count | Date of Prior Count | Change from Last Year | Date of Last Year's Count |
| U.S. | 05 Apr
2024 | 620 | -1 | 28 Mar
2024 | -131 | 31 Mar
2023 |
| Canada | 05 Apr
2024 | 136 | -15 | 28 Mar
2024 | 9 | 31 Mar
2023 |
| International | Mar
2024 | 971 | 13 | Feb
2024 | 41 | Mar
2023 |
Last updated: January 17, 2025 10:41
(Investing) – LONDON -Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as […]
The biggest names in pop, rock and country are coming together to raise funds for victims of the Palisades and Eaton wildfires and assist with the recovery.
Austin-based Atlas Energy Solutions said this week it made the first commercial delivery of sand off the Dune Express, its 42-mile conveyor system. Early on Sunday morning, a commercial proppant delivery occurred at Atlas’ end-of-line facility in New Mexico after it was produced and placed on the Dune Express at Atlas’ Kermit facility. John Turner, […]
The post Atlas makes first commercial proppant delivery on Dune Express conveyor system appeared first on Permian Basin Oil and Gas Magazine.
The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended oil production cuts, it said on Friday in the latest update to its global outlook. It also trimmed its 2024 growth estimate for the Gulf state to 1.4%. In its October Regional Economic Outlook report,
[Read more]CALGARY, AB, Jan. 16, 2025 /CNW/ – Bonterra Energy Corp. (TSX: BNE) (“Bonterra” or the “Company“) is pleased to announce that it has entered into an underwriting agreement to issue and sell $135 million of five year, 10.50% Senior Secured Second Lien Notes due 2030 (the “Notes“) by way of private placement (the “Offering“). The Offering
[Read more]A group of 23 Republican-led states is suing the Biden administration over its implementation of a fee for excess methane emissions imposed on the oil and gas industry. The fees were written into the law in 2022 as part of the Democrats’ sprawling climate, tax and healthcare bill. The law seeks to reduce methane emissions...
Texas Oil and Gas Association said last week that in addition to producing a record amount of state and local taxes and state royalties in fiscal year 2024, the U.S. leads the world in emissions reductions. With Texas out front, emissions dropped between 2015 and 2022 by 42 percent in key production regions. S&P Global […]
The post TxOGA: U.S., Texas lead in taxes, royalties and emissions reduction appeared first on Permian Basin Oil and Gas Magazine.
U.S. natural gas futures dropped about 5% on Friday from a two-year high in the prior session on forecasts for milder weather in late January and early February that should cut demand for gas for heating. This weekend, however, extreme cold weather over the Martin Luther King Jr. and Inauguration Day holidays was on track
[Read more]A potential increase in U.S. fossil fuels production and liquefied natural gas exports under Donald Trump’s incoming presidency could result in lower fuel prices, benefiting Japan, the head of the country’s utilities federation said on Friday. Trump has made clear he intends to swiftly lift a moratorium on new LNG export permits imposed by President
[Read more]Former director of the Federal Emergency Management Agency (FEMA) Michael Brown said that Congress should give the disaster relief agency back its “independent agency status,” allowing it direct access to the president which would, in his view, improve its overall operation. “The smartest thing they could do is to pull FEMA out, give it back...
U.S. Energy Information Administration said Tuesday retail price of gasoline is expected to be lower in 2025 and 2026 compared to 2024. The estimates reflect the EIA forecast of lower crude oil prices. EIA forecasts U.S. gasoline prices in 2025 will average $3.20 per gallon – a decrease of more than 10 cents per gallon […]
The post EIA says retail price of gasoline will continue to fall in U.S. appeared first on Permian Basin Oil and Gas Magazine.
Calgary, Alberta–(Newsfile Corp. – January 17, 2025) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company”) is pleased to announce that it has entered into definitive agreements with a private company (“PrivateCo“) for the supply of between 3.2 MMcf/d1 and 4.8 MMcf/d1 of natural gas for an initial term of
[Read more]For those who missed it, we’ve started a new article series. There is so much quality content being provided on X these days, and going forward, we want to provide our readers with a quick glimpse of some of it. This article series, “By Our Readers, For Our Readers” will shine a light on some
[Read more]South Dakota Gov. Kristi Noem (R), President-elect Trump's pick to head the Department of Homeland Security (DHS), is appearing for her confirmation hearing before a Senate panel Friday. The purview of DHS involves immigration and federal emergency management — two hot-button topics. Immigration was one of Trump's signature issues and has been a top priority...
U.S. Energy Information Administration said this week the Permian Basin’s share of U.S. production will continue to increase and account for more than 50 percent of all U.S. crude oil production in 2026. In its short-term energy outlook Tuesday, EIA said U.S. crude oil production reached an annual record of 13.2 million barrels per day […]
The post EIA: Permian to produce 50 percent of U.S. crude oil production in 2026 appeared first on Permian Basin Oil and Gas Magazine.
The Kremlin said on Friday it does not expect the United States to soften its position on sanctions against Russian oil once President-elect Donald Trump takes office, despite his administration’s readiness for dialogue on the Ukraine war. Kremlin spokesman Dmitry Peskov was commenting on remarks by Trump’s choice for Treasury Secretary, Scott Bessent, that he
[Read more]CALGARY, Alberta–(BUSINESS WIRE)–(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Peter Shaw, vice-president, investor relations, Imperial Oil Limited, will host a 2024 Fourth Quarter Earnings Call on Friday, January 31, following the company’s fourth quarter earnings release that morning. The event begins at 9 a.m. MT and will be
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