In August 2020, the Trump Administration opened the Arctic National Wildlife Refuge (ANWR) in Alaska to oil drilling for the first time. The U.S. Department of the Interior believes that this area can be drilled in a responsible and sustainable manner only taking up 0.01 percent of the 19 million acres of wildlife refuge. At […]
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The United States Department of the Interior announced a revision last week about an increase in the potential production in the Wolfcamp Shale and Bone Spring Formation. The announcement stated, two underground layers in the Delaware Basin in the Permian shale play of West Texas and New Mexico, contain 46.3 billion barrels of oil, 281 […]
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Oil well drilling in the United States has increased dramatically in the last five years. The increase in drilling activity has had a direct impact on petroleum pricing. Rig counts are an indicator for the potential supply picture of the oil and gas industry. A sharp increase in the number of drilling rigs domestically, would […]
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