Exxon Mobil on Monday put it’s Barnett Shale holdings that include 2,700 wells across about 182,000 acres in North Texas up for sale. The producing properties are valued at between $400 million and $500 million, according a person familiar with the matter Reuters said. Barnett Shale was the site the first horizontally drilled shale wells. Exxon is in a position to take advantage of skyrocketing natural gas properties across the world. U.S. gas prices are up 75% year to date, … Continue reading “Exxon Puts Texas Barnett Shale Gas Properties Up For Sale”
IEA Reverses Oil Demand Forecast On Virus Spread, Says Lower Now in 2020
IEA reversed its outlook on Oil demand on Virus, sees outlook for second half of 2021 cut by 550,000 barrels a day Stockpiles to rebound in 2022 if OPEC+ reverses output cuts
Diamondback Energy Earnings Rise on Higher Production and Raises Dividend 12.5%
Texas independent oil and natural gas company Diamondback Energy reported better than expected second quarter earnings after the market close Monday. $FANG raised 12.5% dividend of 45 cents per share.
Drilling Ramps Up in Oil Patch With Natural Gas Rig Count Unchanged
U.S. oil rigs in service rose 7 this week with U.S. oil production at 11.40 million bpd and oil prices consolidating between $65 and $75. US Natural gas rigs remained flat. US natural gas prices at 3 year highs and 10 year highs in Europe all eyes are production numbers.
Diamondback Energy Takes a $2.54 Billion Impairment Charge From Oil and Gas Price Plunge
Texas independent oil and natural gas company Diamondback Energy reported better than expected adjusted second quarter earnings after the market close Monday. $FANG however took a $2.54 billion impairment charge against its oil and gas properties.
U.S. Oil Rigs Fall Back To All Time Low, Natural Gas Rise 1
The U.S. oil rigs in service fell back to the all time low after last week rising for the first week since March 13. Crude production remain unchanged at 11.100kbpd. Natural gas rigs rose 1 in the US.
U.S. Oil Rigs Fall For 18 Straight Weeks To Just 180 Record Low
The U.S took off 1 oil rig out of service to a new low 180 as U.S.oil production stayed at 11100kbpd. US Natural Gas rigs fell 4 to 75. Canadian oil rigs fell 1, natural gas rigs fell 3.
U.S. Oil Rigs Fall For 15 Straight Weeks To Just 188 Record Low
The U.S took off 1 oil rigs out of service as U.S.oil production roses 500kbpd to fall to 11100kbpd. US Natural Gas rigs were unchanged. Canadian oil rigs fell 1, natural gas rigs fell 3.
U.S. Oil Rigs Fall For 13 Straight Weeks To Just 199 Record Low
The U.S took 7 oil rigs out of service as U.S.oil production continues to fall to 11100kbpd. US Natural Gas rigs rose 5. Canadian oil rigs were unchanged,natural gas rigs rose 1
U.S. Took Down Another 16 Oil Rigs To Just 206 Record Low
The U.S took 16 oil rigs out of service as U.S.oil production continues to fall to 11200kbpd. US Natural Gas rigs fell 1. Canadian oil rigs were unchanged,natural gas rigs rose 1