Matt Dole, chair of the Licking County GOP executive committee, urges passage of Domestic Energy Production Act to help Ohio's oil and gas drillers.

“It's the price of oil at which oil companies can profitably drill a well,” said Mark Finley, a fellow at Rice University’s Baker Institute. Like any business, they want to make money ...

The latest EIA data showed that weekly U.S. crude oil production dipped slightly, from 13.462 million bpd to 13.460 million bpd. The figure is 171,000 bpd down from the all-time high reached ...

U.S. crude oil prices have fallen more than 20% since Trump took office, to below $65 per barrel, making it unprofitable for ...

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. The total number of active drilling rigs for oil and gas ...

In the Permian in eastern New Mexico and West Texas, the nation's biggest shale oil producing basin, drillers cut two rigs, bringing the total down to 287, the lowest since December 2021.

Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 98. In the Utica shale basin, which covers parts of Ohio, Pennsylvania and West Virginia, drillers added two ...