Saturday, January 4, 2025

U.S. Rig Count Breaks 1,000 – First Time in Three Years

Horizontal oil drilling drove last week’s increase U.S. drilling activity has finally hit a major milestone in the oil and gas recovery, with the total U.S. rig count surpassing 1,000 rigs. At 1,003 rigs, this is the first time the number of rigs in the country has exceeded 1,000 in exactly three years, as activity dropped below this level in

First Suezmax Oil Tanker Loads U.S. Crude in Corpus Christi

Big step forward for US crude exports: Buckeye adds 1 MMBO incremental monthly export capacity from its Corpus Christi terminal This morning Buckeye Partners, L.P. (ticker: BPL) and Trafigura Trading LLC, a wholly-owned subsidiary of Trafigura Group Pte Ltd, announced the first shipment of crude oil by Suezmax tanker from the Buckeye Texas Hub terminal located along the ship channel

Diversified Gas & Oil Closes $85 Million CNX Asset Buy in Appalachia

Diversified Gas & Oil PLC (ticker: DGOC) closed an $85 million cash purchase of certain oil and gas leaseholds, wells, working interests, licenses, related equipment and other assets from CNX Gas Company LLC on March 29, 2018. The effective date of the transaction was January 1, 2018. With the acquisition of the assets from CNX Gas Company, and additional assets