EIA: Horizontal wells fuel Permian’s 6M b/d surge, but steeper declines mean operators must add more new wells to sustain ...

Shale wells decline fast, forcing constant drilling—the “Red Queen” effect—with many losing 70–90% of output in three years. The IEA says global fields are depleting faster than thought, so most ...

Japan's demand for oil is truly monstrous. Even if domestic oil consumption has wound down slightly in the last four decades, this one island nation consumed a staggering 151.4 million metric tons of ...

This reality undermines the push for new permits via legislative efforts backed by Governor Gavin Newsom. The recently signed Senate Bill 237 (Grayson) green-lights permitting of up to 2,000 new wells ...

Texas Alliance of Energy Producers President Karr Ingham says the Permian Basin’s oil and natural gas production will keep increasing next year in the face of a declining rig count because continued ...

Mexican government estimates indicate a rapid decline in oil production after 2030, raising concerns about global energy security. Previous questionable practices by oil producers, such as reserve ...

AUSTIN Statewide and county crude oil and natural gas production for March 2025 reported in the tables below came from 157,192 oil wells and 83,898 gas wells, a press release detailed. The RRC reports ...

The U.S. Energy Information Administration's first Short-Term Energy Outlook report of 2025 brings generally positive news for the transportation industry. In broad strokes, the administration ...

Fracking has made the U.S. the world’s leading oil and gas producer, but drilling creates fewer jobs each year. The United States is pumping out more oil and gas than any country in history. But even ...