U.S. oil firms have cut their number of oil drilling rigs by more than 80% since September. This is because production increases incrementally and energy firms are increasing shareholder returns
U.S. oil firms have cut their number of oil drilling rigs by more than 80% since September. This is because production increases incrementally and energy firms are increasing shareholder returns
U.S. energy companies added oil and natural gas drilling rigs this week for the fourth time in five consecutive weeks, despite high crude prices and the slow recovery of crude
U.S. energy companies added oil and natural gas drilling rigs this week for the second consecutive week, a record 23-month run of increases. This was due to high crude prices
U.S. energy companies added oil and natural gas drilling rigs this week as crude production returns to pre-pandemic levels. President Joe Biden also criticized oil producers for making huge profits
U.S. energy companies cut oil and natural gas drilling this week for the first time in 31 weeks. However, the rig count increased for the record 22nd consecutive month.
U.S. energy companies added natural gas and oil rigs this week for the ninth consecutive week, data showed Friday. This is because small producers are responding to high prices and
Last week, U.S. energy companies added oil and natural gas drilling rigs for the eighth consecutive week. This was due to high prices and prompting by the federal government, drillers
Last week, U.S. energy companies added oil and natural gas drilling rigs for the seventh consecutive week amid high prices and government prodding. However, most shale producers prioritized shareholder returns
The fourth week of U.S. oil and natural gas production was added by U.S. energy companies last week. This is as the federal government seeks to increase production in order
The federal government sought more production in order to aid its allies in their transition from Russian oil and gas.
U.S. oil firms reduced the number of active U.S. oil rigs this week, even though crude prices continued to trade above $100 per barrel after Russia’s invasion of Ukraine. This
U.S. energy companies added seven oil and natural gas rigs this week for the first time since February 2021, after crude oil prices soared to new highs.