This post was originally published on this siteFeb 15, 2022 (Bloomberg) Devon Energy Corp. will boost output no more than 5% this year — in line with earlier estimates — signaling discipline is holding even as oil approaches $100 a barrel.The Oklahoma City-based shale explorer, which closed on its acquisition of rival WPX Energy Inc. in January last […]

This post was originally published on this siteFeb 15, 2022 (Bloomberg) Oil drillers set to increase U.S. production in the coming years face considerable headwinds from labor shortages in America’s most prolific shale patch, according to industry consultants Evercore ISI.The Permian Basin straddling Texas and New Mexico will be the main driver of an estimated 750,000

This post was originally published on this siteFind out what the U.S. oil and natural gas sector national annual wage averaged last year.

This post was originally published on this siteFebruary 15, 2022 OKLAHOMA CITY, Feb. 15, 2022 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth quarter of 2021. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of

This post was originally published on this siteFebruary 15, 2022 FRISCO, TX, Feb. 15, 2022 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2021. Highlights of 2021’s Fourth Quarter Generated free cash flow from operations of $105 million

This post was originally published on this siteFebruary 15, 2022 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

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This post was originally published on this siteWASHINGTON — A new report by a Canadian environmental group says alternatives to Line 5 already exist if the controversial cross-border pipeline gets shut down. The report, commissioned by Environmental Defence, recommends upgrading Enbridge Inc.’s new Line 78 pipeline to handle most of what Line 5 now delivers

This post was originally published on this siteBirol told the group that it’s lagging in meeting output targets.