The U.S. Energy Information Administration just raised its 2027 U.S. crude oil production forecast to a record 14.3 million barrels per day. On paper, that looks like good news for American energy security. In the real market of September 2026, it is only half the story. Oil prices are back above $100 a barrel this […]
Continue Reading
Energy News Beat analysis — September 4, 2026 Treasury Secretary Scott Bessent told Steve Bannon’s War Room that once the Iran conflict is behind the market, crude can fall to $50 or even $40 because the world will be “very much oversupplied.” He tied that drop directly to bond yields, arguing the oil–rates correlation is […]
Continue Reading
The three major U.S. rig tallies are telling the same structural story and three different weekly headlines. Baker Hughes held unchanged at 588 for a second straight week. WellDatabase printed 601, down 30 week over week but up 23 year over year. Enverus’s GPS-based daily count continues to run well above both weekly censuses, last […]
Continue Reading
The transaction, announced September 2, 2026, is expected to close in the fourth quarter of 2026, subject to customary conditions and a $50 million break fee. It expands Diversified Energy Company (NYSE/LSE: DEC) from a multi-basin PDP consolidator into a scaled, operated Permian producer with integrated midstream and water infrastructure. Deal structureGross purchase price is […]
Continue Reading
Oil and gas producers in the Permian Basin are driving electricity demand skyward in West Texas, even as technology companies race to site data centers in the world’s most prolific shale play. The dual surge—from electrifying drilling, fracturing, and production operations, plus hyperscale computing loads—is straining the regional grid and prompting warnings of potential reliability […]
Continue Reading
The American continents—North and South America combined—have reached a landmark in global energy: roughly 42 million barrels per day of total liquids production. This figure, drawn from recent assessments of crude oil, natural gas liquids (NGLs), other petroleum fuels, ethanol, and biodiesel, marks a decisive shift in the world’s oil map. It has already surpassed […]
Continue Reading
U.S. oil and gas drillers posted a modest weekly gain according to the industry’s most widely followed benchmark, while production continues to hold near record levels. This points to ongoing capital discipline even as output edges higher. The Latest Rig Counts Baker Hughes reported the U.S. rotary rig count rose 5 week-over-week to 593 for […]
Continue Reading
HOUSTON — NextDecade Corporation has locked in approximately $4.6 billion in financing tied to its Rio Grande LNG (RGLNG) project in South Texas, strengthening the balance sheet for Phase 1 while advancing expansion plans. The moves, detailed in the company’s second-quarter 2026 business update released July 30, 2026, refinance existing construction debt and free bank […]
Continue Reading
The latest WellDatabase US Rig Report (dated July 18, 2026) shows the U.S. active drilling rig count at 567, marking a solid +11 week-over-week (WoW) increase and +37 year-over-year (YoY) gain. This reflects resilient drilling activity amid a stable-to-rising trend over the past 12 months, with the count holding in the mid-to-high 500s range. Key […]
Continue Reading
ENB Pub Note: This article was originally published on LinkedIn by Kirk Edwards, and he will be on the Energy News Beat podcast soon. That old Texas oilfield saying may not be elegant, but it feels pretty accurate right now. The situation involving Iran appears to be getting worse by the day, and we do […]
Continue Reading