The latest Baker Hughes report indicates a slight increase in the total number of active oil and gas rigs across the United States, despite some regional declines.
Baker Hughes Report: U.S. Rig Count Increases Slightly Despite Regional Declines
Permian Basin Sees Slower Growth Amid Fiscal Discipline and Consolidation Trends
The trend of fiscal discipline among Permian Basin oil and gas producers, coupled with ongoing consolidation, is leading to slower output growth.
The 9 best energy stocks poised to take advantage of AI
highlighted the significant potential for AI in the energy sector, emphasizing the critical role of energy infrastructure in supporting AI-driven electricity demand.
Nabors Industries Announces Preliminary Q2 2024 Operating Results
Nabors Industries Ltd. (NYSE: NBR) (“Nabors” or “the Company”) today announced preliminary operating results for the second quarter ended June 30, 2024, showcasing ongoing international expansion and stable U.S. market activity and pricing.
Liberty Energy Announces Strong Q2 2024 Results with $1.2B Revenue and Operational Milestones
Chris Wright, Chief Executive Officer, highlighted Liberty’s strong performance and competitive advantages. “Our second quarter results demonstrate the value of Liberty’s innovative technologies and strategic investments. We achieved record average daily pumping efficiencies and safety performance, underpinning our robust financial results. Our focus on capital-efficient, low-emission natural gas technologies continues to yield significant benefits for our customers and shareholders.”
Trump Vows to Ramp Up U.S. Oil Production, Roll Back Regulations if Re-elected
former President Donald Trump pledged to increase U.S. domestic oil production and roll back regulations to facilitate this expansion.
Trump Chooses Pro-Oil Sen. J.D. Vance as Running Mate, Strengthening Energy Stance
Former President Donald Trump has selected Senator J.D. Vance as his vice-presidential running mate, solidifying his stance as the pro-oil candidate in the upcoming election.
Cancellation of 75 SWD Applications in Eddy and Lea County Due to Seismic Concerns
The cancellation of 75 Devonian/Silurian Salt Water Disposal (SWD) applications by the OCD (Oil Conservation Division) reflects a proactive approach to addressing seismic activity concerns in the area.
Helmerich & Payne Q2 Earnings Preview: Analysts Expect Decline in Earnings and Revenue
Helmerich & Payne (HP), a leading oil and gas well-drilling contractor, is set to report its Q2 2024 earnings on July 24. Analysts anticipate a year-over-year decline in both earnings and revenue, with an expected EPS of $0.77, down 29.4% from the previous year, and revenues projected at $670.57 million, a 7.4% decrease.
ConocoPhillips Q2 Earnings Preview: Strong EPS Growth Expected Amid Strategic Acquisitions
ConocoPhillips (COP), based in Houston, Texas, is set to announce its Q2 earnings before the market opens on Thursday, August 1. Analysts are anticipating a robust performance with an expected earnings per share (EPS) of $2.25, marking a 22.3% increase from the year-ago quarter.