A recovery in demand for hydraulic fracturing services will be "slow and painful," says Thomas Jacob, vice president of shale research at Rysta Energy.
Business failures pile up despite Donald Trump trumpeting the oil and gas sector’s recovery.
Matador said it remains on track to turn all of the remaining Boros wells to sales over the next two weeks as originally planned and previously announced.
Denbury will now focus on leveraging its expertise and strategic assets into an emerging carbon capture, use and storage business following completion of its financial restructuring, CEO Chris Kendall says.
Vessel-tracking and port data compiled by Refinitiv indicates China will import 867,300 bbl/d of U.S. crude oil in September, exceeding 653,870 bbl/d in August and 693,500 bbl/d in July.
U.S. drillers added oil and gas rigs for the second time in three weeks as a recent increase in energy prices from coronavirus-linked lows prompted some to return to the wellpad.
Occidental Petroleum said Sept. 21 it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway in cash instead of common stock, even as the company tries to reduce debt.
Bellatorum Phalanx Investments retained EnergyNet for the sale of producing mineral and royalty interests in a five-well package located in Karnes County in South Texas through an auction closing Oct. 6.