Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

Permian Oil Output Forecast to Hit Record High in March

February 18, 2022

Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, will rise 71,000 barrels per day (bpd) to a record 5.205 million bpd in March, the U.S. Energy Information Administration (EIA) said in its

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Brigham Minerals to Acquire Mineral and Royalty Interests in Midland Basin for $15 Million

February 17, 2022

Brigham Minerals has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests in the Midland Basin for approximately $15 million in cash and approximately 800,000 shares of Class A common stock subject to certain

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Talos Energy, EnLink Develop Complete CO2 Capture, Transportation and Sequestration Hub, Louisiana

February 17, 2022

Talos Energy and EnLink Midstream have executed a memorandum of understanding to jointly develop a complete CO2 capture, transportation, and sequestration solution for industrial-scale emitters in Louisiana. The joint service offering will be focused on the Mississippi River corridor from

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Duke Energy to Retire Coal Fleet by 2035

February 16, 2022

U.S. utility Duke Energy says it will stop burning coal by 2035, 13 years earlier than previously planned, as part of an expanded clean energy action plan. The plan also calls for cutting coal’s share of Duke’s energy mix to

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New York State Pension Fund Pulls $238 Million from Shale Oil and Gas Companies

February 16, 2022

The New York State Common Retirement Fund, the nation’s third-largest public pension program, is divesting from 21 shale oil and gas companies that it determined are failing to prepare for a low-carbon economy. The fund is pulling more than $238

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Canadian Oil Barrels Head Out of the U.S. Gulf in Record Numbers

February 15, 2022

Canadian oil companies exported a record amount of crude out of the U.S. Gulf Coast at the end of 2021, a trend that should continue in coming months, as tight international oil markets are in need of the nation’s heavy,

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U.S. Energy Department Advances $6 Billion Nuclear Plant Program

February 15, 2022

The U.S. Department of Energy said on Friday it is seeking input from utilities, communities, and advocates as it develops its new program to boost struggling nuclear power plants with $6 billion in credits. Nuclear power generates power virtually free

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U.S. Drillers Add Most Oil Rigs in a Week Since February 2018

February 14, 2022

U.S. energy firms last week added the most oil rigs in four years as crude prices held near their highest since 2014, prompting drillers to seek more profit. The oil and gas rig count, an early indicator of future output,

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Utica Green Upstream & Midstream Conference Conference Set for March 25 in Canton, Ohio

February 14, 2022

The Utica Green Upstream & Midstream Conference this year will showcase the industry’s progress and results related to environment, social and governance, organizers say. Shale Directories and the Canton Regional Chamber of Commerce say this year’s event — scheduled for

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Federal Judge Blocks Biden Administration Climate Metric

February 14, 2022

A Trump-appointed federal judge has blocked the Biden administration’s attempt to put greater emphasis on potential damage from greenhouse gas emissions when creating rules for polluting industries. The move represents a blow to Joe Biden’s efforts to bring America more

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