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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago. Benchmark U.S. prices last week topped $93 a barrel, up around 65% in the last 52 weeks ...
Some executives say current high prices and relatively low service costs make production economics the best in years. Firms are buying U.S. oil, pipeline and gas processing rivals in a bet that higher prices will more than cover rising costs of labor and equipment.
Some executives say current high prices and relatively low service costs make production economics the best in years. Firms are buying U.S. oil, pipeline and gas processing rivals in a bet that higher prices will more than cover rising costs of labor and equipment.
By Liz Hampton DENVER (Reuters) - As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding ri...