Industry News Week

EIA: US total shale regions oil production for July seen up 141,000 bpd

EIA: US total shale regions oil production for July seen up 141,000 bpd

FXStreet | Eren Sengezer According to the EIA, U.S. oil production will continue to rise by 1,503 bpd for the Eagle Ford. The U.S. Energy Information Administration (EIA) has recently published its latest rig productivity […]

How America’s shale plays are turning the U.S. into a global exporting power

How America’s shale plays are turning the U.S. into a global exporting power

Forbes | David Blackmon The US was ranked the 7th largest crude exporting country as of February 2018, and is projected to double the volume of exports by 2020. With U.S. production growth for oil […]

Texas sees rise in oil, gas jobs

Texas sees rise in oil, gas jobs

E&P | Velda Addison According to the EIA, gains are anticipated in the Eagle Ford Region contributing to an overall increase in oil and gas jobs in Texas. Oil and gas companies in the Lone […]

Oil prices rebound as crude inventories shrink

Oil prices rebound as crude inventories shrink

OilPrice.com | Irina Slav After last week’s EIA’s Weekly Petroleum Data Report came out, oil prices rose. Crude oil prices moved higher today after the Energy Information Administration reported a draw in crude oil inventories […]

U.S. Shale Oil Production Rises At Record-Breaking Rate

U.S. Shale Oil Production Rises At Record-Breaking Rate

Oil Price | Irina Slav U.S. oil production is at a record levels powered by West Texas shale output. Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May […]

EIA: US Shale Output To Rise To Record 7.18MMpd In June

EIA: US Shale Output To Rise To Record 7.18MMpd In June

Reuters| Staff Shale oil output is set to rise in June, with Eagle Ford reaching its highest production levels in over two years. U.S. shale production is expected to rise by about 145,000 barrels per […]

Oil prices surge above $70 a barrel – 05.07.18

Oil prices surge above $70 a barrel – 05.07.18

Houston Chronicle | Collin Eaton Oil prices are currently at their highest since 2014. U.S. oil prices vaulted above $70 a barrel in early trading Monday, reaching that level for the first time since November […]

Foreign appetite for U.S. oil growing, IEA finds

Foreign appetite for U.S. oil growing, IEA finds

UPI | Daniel J. Graeber According to the IEA, foreign interest is growing for U.S. oil. Most of the oil coming from U.S. shale basins will find its way out of the domestic market and […]

Texas sees unparalleled economic boom from oil prices

Texas sees unparalleled economic boom from oil prices

KRISTV | Greg Chandler Oil prices are expected to stay stable through 2018. After bottoming out at less than $30 a barrel in January 2016, crude prices closed April at almost $69. Industry experts expect […]

Texas oil production climbs to all-time high

Texas oil production climbs to all-time high

Bloomberg | Sheela Tobben Texas is leading the U.S. in oil production which in turn is influencing the overall growth of U.S. oil production. Oil drillers are working extra hard with crude prices rising near […]