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Oil Rig Count Inches Higher As Prices Drop

Oil Rig Count Inches Higher As Prices Drop

After having taken a breather…

The Real Reason Why Iraq Paused Its Major Oil Deal With China

The Real Reason Why Iraq Paused Its Major Oil Deal With China

Iraq’s recent announcement of its…

Tom Kool

Tom Kool

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations

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Oil Prices Fall Further As Saudis Boost Exports

For the first time ever, Oilprice.com is releasing its annual Top 50 Oil & Gas Companies report to readers. This 5-part series includes an in-depth financial and geopolitical analysis of each company, including their greatest strengths and biggest risks. This year, a limited number of our Global Energy Alert subscribers will get the chance to see which company topped the list!

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(Click to enlarge)

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- The number of drilled but uncompleted wells (DUCs) has continued to increase, rising to 8,504 as of February 2019, roughly 25 percent higher than a year earlier.

- The completion process includes “casing, cementing, perforating, hydraulic fracturing, and other procedures required to produce crude oil or natural gas,” as the EIA puts it.

- DUCs have climbed rapidly since 2016 due to multiple factors, including low oil prices; bottlenecks for a variety of services, such as frac sand or fracking crews; and pipeline constraints.

Market Movers

• Lion Point Capital, a hedge fund, disclosed a 6.3 percent active stake in Carrizo Oil & Gas (NASDAQ: CRZO) and said that shareholders of the E&P would benefit from a merger.

• BP (NYSE: BP) approved an expansion of its Thunder Horse project, which will add 50,000…





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