Oil Price Soaring costs have caused a slowdown in oil and gas production growth in the U.S., with the outlook also worsening, the latest edition of the Dallas Fed Energy Survey showed. The survey found that business activity in the oil and gas industry remained almost unchanged in the first quarter of this year from the last quarter of
Oil Price Two Big Oil majors have said they expect oil production in the Permian to rise by less than they had initially planned this year, suggesting industry problems are indeed serious enough to hold back production growth in the most prolific shale play in the United States. In their third-quarter reports, Chevron and Exxon both revised down their planned output from the
International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the International Energy Agency (IEA), in order to better evaluate and predict oil price movements. In the U.S., and across the
$1.85 billion for drilling in 2016 with 10% production growth and no debt raises rest of year Pioneer Natural Resources (ticker: PXD, PXD.com) announced its fourth quarter results, along with its 2016 capital budget of $2.0 billion. The company lowered its 2016 capital budget expectations by $0.5 billion from earlier estimates, but still expects to grow production by about 10%
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