Premium Industrial NewsAs U.S. Oil & Gas Prices Soar, Producers Face Conflicting Calls on Expansion
As U.S. Oil & Gas Prices Soar, Producers Face Conflicting Calls on Expansion
Industry Segment: Production | Word Count: 952 Words
Attachment: US OG prod 1021
SUGAR LAND--October 12, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Rising commodity prices are creating a more comfortable situation for U.S. oil and gas developers to expand, but many of their investors remain worried about the long-term health of the industry. The total U.S. rig count climbed for the fifth straight week to its highest level since April 2020, and 98% above its level this time last year, according to the most recent weekly survey from Baker Hughes (Houston, Texas). Industrial Info is tracking more than $8.5 billion worth of onshore crude oil and natural gas exploration and production projects across the U.S., including more than $1.3 billion worth that are nearing or under construction.
Within this article: Details on some of the active, onshore U.S. Oil & Gas Production projects from major companies such as Diamondback Energy Incorporated (NASDAQ:FANG), Barron Petroleum, Blackbeard Operating LLC and Range Resources Corporation (NYSE:RRC).
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