Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase their spending. Oil prices hovering around $110 a barrel in the second quarter ...
Tag: Drillers
Combining Oil Drillers And Bitcoin Miners
– Advertisement – The network on which the concept of BTC is developed (blockchain) can potentially improve the career of any commodity in the financial market. The arrival of BTC in the m...
U.S. Shale Drillers Begin Re-Fracking Existing Wells
Oil well re-fracking is on the rise in the United States as shale producers seek to boost production without making significant investments in new wells, Reuters has reported. Re-fracking appears to b...
Biden’s Oil-Relief Plan Seen Backfiring as Drillers Dig In Heels
(Bloomberg) — U.S. President Joe Biden’s plan to tackle record gasoline prices with an unprecedented release of emergency oil reserves may stifle domestic crude drilling just when it’s needed mo...
Drillers Awaken in Canada as War Leaves World Begging for Oil
(Bloomberg) — Canada’s slumbering oil industry is beginning to stir. Most Read from Bloomberg For years, the country’s drillers, like those in the shale fields of West Texas, have been under gre...