Continental Resources plans to cut rigs and spending in 2020

Continental Resources on Thursday cut its 2020 capital spending budget by 55%, reports said. Continental Resources said it intends to spend about $1.2 billion in...

Hess CEO John Hess said he expects rig count to be half of what...

The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia...

Apache says it will reduce its Permian rig count to zero

Apache says it will reduce its Permian rig count to zero over the coming weeks, and plans to lower activity in Egypt and the...

Driller Pioneer Energy Services filed for Chapter 11 bankruptcy protection

Pioneer Energy Services (NOT TO BE CONFUSED WITH PIONEER NATURAL RESOURCES) filed for Chapter 11 bankruptcy protection Sunday. The company hasn't posted a quarterly profit...

North Dakota has two to five years tell Peak Oil

Mineral Resources Director Lynn Helms, the state’s top oil regulator, said about 20% of drilling activity is now outside of the “core” areas of...

Drilling permits are down 60% in Colorado

Five months after the new anti frac law took effect, drilling permits are down 60% from the last decade average, one operator has declared...

More Oil With Less Drilling Rigs

According to a recent Bloomberg story: "In June 2014, the U.S. pumped 8.4 million barrels of crude using 1,545 drilling rigs. Last month, it...

Colorado governor Polis: Your jobs are valued, and you’re an important part of the...

“Your jobs are valued, and you’re an important part of the diversity of our state,” Polis says. Colorado governor tells oil and gas industry that...
drilling rig

The Second largest oil-producing state? North Dakota

Texas is by far the largest oil-producing state in the United States, but number two? North Dakota, Is the nation’s second-largest oil-producing state, Produced 1.42...

Permian Continues to See Loss of Oil Drilling Rigs

In its weekly release, Baker Hughes, a GE company BHGE reported a decline in weekly rig count in the United States. More on...

Iraq working on getting a 30-year contract that could bring US$53 billion investments

Iraq will soon finalize a large-scale, long-term deal for the development of oil fields in the South with Exxon and PetroChina. The 30-year contract...

A Fracking slowdown in the Denver-Julesburg Basin?

New anti-fracking laws are having an effect in new investment and fracking in the Denver-Julesburg Basin that's according to industry insiders, The resulting uncertainty...

Drilling is down but Production levels are up

Working oil rigs fell by 20 this week to 805, according to data released Friday by oilfield-services provider Baker Hughes. Companies have boosted activity...

Trump Releases Plan to get California more oil and more Jobs

Trump Releases Plan to Reopen California Public Lands to Drilling, Fracking. Proposal Targets More Than 1 Million Acres for Oil Leases. The BLM manages more...