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oil barrel

oil barrel

Oil traders are emptying one of the world’s largest crude storage facilities, located near the southernmost tip of Africa, as the physical market tightens amid booming demand and OPEC production cuts.

Total SA, Vitol Group and Mercuria Energy Group Ltd. are selling crude they hoarded in Saldanha Bay, South Africa, during the 2015-2016 glut when the market effectively paid traders to store oil, according to people familiar with the matter, who asked not to be named discussing private operations.

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us rig count

oil rig

According to the most recent rig count report from Baker Hughes, total US rig count is -8 for the last week.

Total of  -7  oils rigs and -1 gas rigs, bringing the total count of active oil and gas rigs to 936, from 944 previous week.

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us rig count

oil rig

According to the most recent rig count report from Baker Hughes, total US rig count is +1 for the last week.

Total of  -3 oils rigs and +4 gas rigs, bringing the total count of active oil and gas rigs to 944, from 943 previous week.

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us rig count

oil rig

According to the most recent rig count report from Baker Hughes, total US rig count is +3 for the last week.

Total of  +3 gas rigs and no change in oil and miscellaneous rigs, bringing the total count of active oil and gas rigs to 943, from 940 previous week.

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us rig count

oil rig

According to the most recent rig count report from Baker Hughes, total US rig count is -6 for the last week.

Total of -4 oil rigs, -2 gas rigs and no change in miscellaneous rigs, bringing the total count of active oil and gas rigs to 940, from 946 previous week.

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sanchez energy

sanchez energy

Sanchez Energy Corporation has announced that it has entered into a definitive agreement to sell its Javelina asset in the Eagle Ford shale for approximately $105 million in cash. The transaction is subject to customary terms and conditions and is expected to close in the third quarter of 2017.

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us rig count

oil rig

According to the most recent rig count report from Baker Hughes, total US rig count is -3 for the last week.

Total of -5 oil rigs, +2 gas rigs and no change in miscellaneous rigs, bringing the total count of active oil and gas rigs to 946, from 949 previous week.

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oil barrel

oil barrel

U.S. shale drillers will keep posting strong gains in August and September, with production from shale regions topping 6 million barrels a day, the Department of Energy projected.

The department’s Energy Information Administration projected output in several key oil producing regions will grow by 117,000 barrels a day to 6.15 million barrels a day in September. The region’s output is seen topping 6 million barrels a day in August.

 

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Whiting Petroleum Corporation

Whiting Petroleum Corporation

Whiting Petroleum Corporation has agreed to sell its Fort Berthold Indian Reservation area assets, located in Dunn and McLean Counties, N.D., to RimRock Oil & Gas Williston, LLC. The cash purchase price is $500 million, subject to customary adjustments. Whiting will use the net proceeds from the sale to repay $500 million of its current $550-million bank debt. The effective and closing date of the sale is Sept.1, 2017.

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us rig count

oil rig

According to the most recent rig count report from Baker Hughes, total US rig count is -5 for the last week.

Total of +3 oil rigs, -8 gas rigs and no change in miscellaneous rigs, bringing the total count of active oil and gas rigs to 949, from 954 previous week.

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