Michael Oestmann News Today

Some private oil producers in the Permian will hit the brakes on output growth as they have been acquired by large publicly-traded companies

Oil production growth is set to slow in the Permian Basin as companies have used capital on acquisitions rather than on production expansion

The slowdown comes even as output cuts from OPEC+ have supported prices, giving an incentive for non-OPEC+ producers to pump more

Two oil and gas operators used strikingly similar language in complaining about a new fee on methane emissions. They had help.

US fracking was key to building energy independence through the 2010s. But the boom is over, and the country needs oil now more than ever.

Fracking lifted the US energy sector to unprecedented highs in the 2010s. Its now a major hurdle. | Business Insider Africa

Fox Nation's new special digs into the American oil industry, answering the question: Why aren't we 'drilling our way to energy independence?'

US-based drilling companies work to produce more market supply while the Biden admin looks to outsource.

With crude prices at their highest levels in years, U.S. oil drillers are trying to boost output fast, but their efforts have been hit by a shortage of sand to use for fracking operations. Crude output is expected to hit records in parts of Texas and New Mexico, the heart of U.S. shale activity. Sand ...

The energy sector is now short of nearly everything it needs to function, and the resultant high costs are likely to be here for a long time and will be passed on to consumers.