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Us Oil Drillers

All articles tagged with #us oil drillers

energy-policy1 year ago•0 min saved

"Biden Administration Implements First Royalty Rate Increase for US Oil Drillers in a Century"

President Joe Biden has implemented the first royalty rate increase for US oil drillers in a century, marking a significant shift in energy policy. The move is expected to impact the US economy and has drawn attention to Biden's approach to the oil and gas industry.

via Financial Times|

#energy-policy #joe-biden #royalty-rate-increase

energy2 years ago•1 min saved

Oil Drillers Boost Rigs as Brent Crude Surges, Natural Gas Activity Slows

The number of active drilling rigs in the United States increased by 3 this week, bringing the total count to 622. The number of oil rigs rose by 4 to 501, while the number of gas rigs fell by 1 to 117. Crude oil production in the US reached a record high of 13.2 million barrels per day. The WTI benchmark was trading at $86.44 per barrel, while the Brent benchmark was trading at $89.65 per barrel.

via OilPrice.com|

#brent-crude #drilling-rigs #energy