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A popular saying comes to mind when considering the recent US government plea to boost domestic oil and gas production: What goes around comes around. US officials have appealed to patriotism to persuade oil and gas producers to turn on the taps to ease consumer pain resulting from rising inflation and roller-coaster energy prices. “We ...
The US oil and gas rig count jumped by 10 to 770 in the week ending March 9, energy analytics and software company Enverus said, as activity in the Eagle Ford Shale and SCOOP-STACK hit two-year highs. Rigs chasing oil plays totaled 599, up 12, while rigs directed to natural gas fields slipped by two ...
High natural gas prices over the past six months have given many producers the opportunity to use free cash flow to pay down debt, making room for a shift in hedging strategies to ones that provide more exposure to the upside. Some producers have eschewed swaps for collars, while others have decided to hedge less ...