World Oil (Bloomberg) — U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more. The focus of attention will be on operators’
Oil and Gas 360 For Immediate Release – STEAMBOAT SPRINGS, Colorado – January 26, 2023 – Three Crown Petroleum (“Three Crown” or the “Company”) today provided a drilling update of the Falcon Prospect in Converse County, Wyoming. The Company spud the prospective Patterson 3H, a 1.35 mile horizontal well targeting the Niobrara formation on November 24, 2022 that reached a
Oil Price Merger and acquisition activity in the United States oil and gas industry last year slumped to the lowest in 17 years as buyers became pickier. But besides being picky, they were also willing to spend, Enverus reported earlier this week. Now, Citi analysts are suggesting they may get even more generous with acquisitions. BP and Shell, the European supermajors, could
World Oil (WO) — American Petroleum Institute (API) President and CEO Mike Sommers gave remarks during the 19th Annual State of the Energy Industry Forum, hosted by the U.S. Energy Association. Sommers emphasized API’s recently announced plan for policymakers in Washington to secure a sustainable, reliable energy future and make, move and improve American energy. “Independent experts agree that global oil
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had no change over last week, resulting in a total count of 771 rigs. Canada had an increase of 6 over last week, resulting in a total Canadian count of 247 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Haynesville region experienced
Oil Price Chevron (NYSE: CVX) reported on Friday its highest annual profit ever as its adjusted earnings for last year more than doubled from 2021 to hit $36.5 billion on the back of higher oil and gas prices and record U.S. production. Chevron, the first of Big Oil to report fourth-quarter and full-year 2022 profits this earnings season, said that its
BOE Report Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected U.S. economic growth and hopes of a rapid recovery in Chinese demand as COVID-19 cases and deaths plunged from last month’s peak levels. U.S. West Texas Intermediate Crude rose $1.22, or 1.50% to $82.24 per barrel. Brent futures gained $1.16, or 1.33%, to $88.45 a
IsoEnergy Appoints Darryl Clark as Vice President, Exploration Canada NewsWire …
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