HOUSTON, Jan. 10 01/10/2025 By OGJ editors The US drilling rig count added 3 units to reach 1,754 rigs working during the week ended Jan. 10, Baker Hughes Inc. reported. Land-based rigs added 7 units to reach 1,677, while rigs drilling offshore lost 4 units to settle at 57. Rigs drilling in inland waters were […]

August 28, 2013, 11:18 AM Oil markets got a bit of a shocker Wednesday from a SocGen prediction that Brent UK:LCOV3 +1.09% could reach $125 a barrel in the coming days in connection with a U.S.-led retaliation against Syria. And if there’s a big regional spillover from this, SocGen says $150 Brent could be not […]

Today 8:58 AM ET (MarketWatch) NEW YORK (MarketWatch) — Syria was the central focus for oil markets on Wednesday, with futures rising to the highest level in more than two years and as one investment bank said Brent crude could surge as high as $150 a barrel amid the crisis. U.S. crude oil for October […]

Jun 5, 2026 4:08 PM | Hidden Value Investor’s Instablog Evidence continues to grow showing some Buda wells drilled in a sweet spot on the Zavala/Dimmit County lines in South Texas have better drilling economics than Eagle Ford wells. Two previous articles discussed the newly discovered Buda sweet spot Some Buda Wells In South Texas […]

Rangeford Resources (RGFR) appears in the June issue of Resource World magazine. See the original article here: http://resourceworld.uberflip.com/i/134727/41

Despite the housing recovery, it was the stalwart oil and gas industry that drove the economies of the fastest-growing states, including Texas, last year. Texas’ real gross domestic product — the total value of all economic activity adjusted for inflation — increased 4.8 percent in 2012, according to new statistics from the U.S. Bureau of […]

If you’re not living in North Dakota, you might as well be living in Texas. A strong increase in economic activity in oil and gas exploration and production boosted the fortunes of both states in 2012, according to a report Thursday by the U.S. Bureau of Economic Analysis. The gross domestic product — the total […]

Natural gas futures rose in New York on forecasts for hotter weather that signaled increased demand for the power-plant fuel. Gas gained as much as 1.1 percent as above-normal temperatures may sweep across most of lower 48 states from June 12 through June 21, according to MDA Weather Services in Gaithersburg Maryland. Prices yesterday dropped […]

By Benoit Faucon, Sarah Kent and Hassan Hafidh LONDON (MarketWatch) — Rising American output of shale oil is rewriting global trade patterns and deepening fault lines within the Organization of the Petroleum Exporting Countries, limiting its ability to mount a collective response. A crucial OPEC meeting in Vienna on Friday will mark the first stage […]

Seeking Alpha Economic principles tell us much about the effects of supply and demand on prices of goods and services. Simple economics shows us that if the supply of a particular good or service remains constant while demand for that good increases, the price for the good will also increase. Likewise, if demand falls, so […]