Posts Tagged: oil drilling

U.S. Oil Drillers Keep Pressure On OPEC With Record Shale Output

Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices. The gain is being led by the oil-rich Permian basin of Texas and New Mexico, where production has risen steadily over the past two years. The Energy Information Administration projects Permian output to… Read more »

US Oil Rig Count Nearly Doubles In Last Year Thanks To President Trump

One of President Trump’s first actions was an executive order advancing the construction of the Keystone XL and Dakota Access oil pipelines. There are now 958 active oil rigs operating in the US today. This is nearly twice as many as the 495 US rigs in operation last year during the Obama presidency. That means… Read more »

Federal Court Rejects Trump Admin’s Bid To Delay EPA Regulation On Drilling

President Trump scored a court victory last week when the Supreme Court reinstated part of his controversial travel order. It was a win for national security, he and his supporters cheered. Yet, his deregulatory agenda hit a snag in the courts Monday, as the Court of Appeals for the District of Columbia Circuit ruled that his… Read more »

Trump’s Action On Energy Empowers Local Leaders, Lays Groundwork For Prosperity

“One step forward, two steps back.” That’s how we summed up the situation the last time an offshore oil and gas exploration and drilling proposal was announced. That was in January 2015, when the Obama administration included several areas off the coast of Alaska and parts of the Atlantic coast in the 2017-2022 federal leasing… Read more »