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US Oil Drillers Cut Rigs For Fifth Consecutive Week

2019-08-02 19:21:08| OGI

Drillers cut six oil rigs in the week to Aug. 2, bringing down the total count to 770, the lowest since February 2018, Baker Hughes, a GE company, said in its weekly report.

Tags: week cut oil consecutive

 

Texas Upstream Oil Industry Hits The Brakes

2019-08-02 17:00:00| OGI

Despite production growth driven by the Permian Basin, a petroleum economist says the upstream sector in Texas is undergoing a mild state of contraction.

Tags: industry hits texas oil

 
 

Marketed: Warren Wilmington Oil Field, LA Basin, California

2019-08-02 14:45:41| OGI

Warren Resources retain UBS Securities for the sale certain Los Angeles Basin Wilmington Oil Field assets located in Los Angeles County, Calif.

Tags: field california oil warren

 

Bakken Nonop Northern Oil And Gas Founder Michael Reger Departs

2019-08-01 23:05:15| OGI

Michael Reger is stepping down as president of Northern Oil and Gasthe company he founded in 2006to pursue opportunities outside the Williston Basin.

Tags: michael gas oil northern

 

Oil Crashes 7% As Trump Announces Additional Chinese Tariffs

2019-08-01 21:15:35| OGI

U.S. West Texas Intermediate crude oil ended the session down $4.63 at $53.95, or 7.9%the biggest percentage decline since February 2015.

Tags: additional chinese oil announces

 

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