Archives for May 2017
U.S. rig count surges to more than 900
Despite chaotic turns in the oil market in recent weeks, the U.S. oil industry comeback shows no sign yet of slowing down. The number of rigs drilling for oil and gas across the nation climbed...
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The complexity of OPEC compliance
One of the biggest conundrums of the OPEC / NOPEC production cut from a ClipperData perspective is that no sooner does a producer appear to be showing compliance via lower exports, lo and behold, volumes...
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Texas oil jobs climbing amid drilling surge
Texas oil companies expanded payrolls for the third month in a row in March amid a surge in drilling activity, the Dallas Fed says. The number of oil and gas jobs in the state rose...
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Houston’s Keane Group to boost frac power with $285M deal
Houston oil field services firm Keane Group is boosting its hydraulic fracturing power, buying Denver fracking company RockPile Energy Services for about $285 million in cash and stock. RockPile owns eight wireline trucks, 12 workover...
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OPEC revenues fall to lowest level in a decade
Revenues at the Organization of the Petroleum Exporting Countries fell to $433 billion in 2016, their lowest level since 2004, according to a report Friday by the U.S. Energy Information Administration. That represented a 15...
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