Industry News Week

Profitability is Finally Within Reach for U.S. Shale

Profitability is Finally Within Reach for U.S. Shale

OilPrice.com | Nick Cunningham According to the IEA, the US oil and gas industry is anticipated to achieve profitability in 2018. The shale industry is on the verge of becoming profitable…for the first time. “Higher […]

How The Fracking Revolution Broke OPEC’s Hold On Oil Prices

How The Fracking Revolution Broke OPEC’s Hold On Oil Prices

Forbes | Robert Rapier Since 2008, the majority of new oil production has come from the U.S. Unbeknownst to most people, oil producers were experimenting with a marriage between two established oil drilling technologies — […]

Texas continues trend of upstream job growth

Texas continues trend of upstream job growth

Rigzone | Valerie Jones Since 2014, Texas has recovered 42 percent of the jobs lost due to the oil and gas industry downturn. June marks the 19th consecutive month for job growth in Texas’ upstream […]

Houston once lagged statewide job growth, but no more

Houston once lagged statewide job growth, but no more

Houston Chronicle | L.M. Sixel Houston and Texas economies continue to recover from the oil and gas downturn as employment growth continues for the 24th consecutive month. Houston area employers added jobs for the ninth […]

US crude oil production hit record level in June

US crude oil production hit record level in June

The Hill | Miranda Green According to the API, the US has produced enough oil to supply all the growth in global oil demand thus far in 2018. Crude oil and natural gas production hit […]

America’s oil and gas boom is spreading through the country

America’s oil and gas boom is spreading through the country

Read MoreForbes | David Blackmon Texas remains one of the key reasons the oil and gas industry is booming. The U.S. Energy Information Administration reports that a rising rig count led to a very healthy […]

U.S. shale oil output forecast to climb by 143,000 barrels a day in August: EIA

U.S. shale oil output forecast to climb by 143,000 barrels a day in August: EIA

MarketWatch | Myra Saefong According to the EIA, oil output in the Eagle Ford shale may rise by 35,000 bpd in August. Crude-oil production from seven major U.S. shale plays is expected to see a […]

Study: US Oil, Gas Companies Add to Reserves

Study: US Oil, Gas Companies Add to Reserves

Oil and Gas Investor | Velda Addison Oil and gas reserves have reached their highest since 2014 with the help of increased revenues and production from top U.S. oil companies. An improved price environment combined […]

EIA Predicts US Oil Production To Top Russia By 2019

EIA Predicts US Oil Production To Top Russia By 2019

Reuters | Staff EIA forecasts US will be the world’s largest crude oil producer. U.S. crude oil production is expected to average more than 12 million barrels per day late next year for the first […]

Oil exports hit new 3 million barrels record

Oil exports hit new 3 million barrels record

Reuters | Ernest Scheyder The U.S. could expand shale gas output another 60 percent in the coming decades in addition to already being the world’s largest gas producer. Already the world’s largest gas producer, the […]