The Permian Basin led the U.S. among shale deposits with 312 oil and gas drilling rigs, after dropping two in the last week, Baker Hughes reported May 17. The Eagle Ford had the second-highest rig ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy ...

U.S. energy firms this week cut the total number of rigs operating for a second week in a row, even as the number of oil rigs ...

Shale operators probably would shut down 25 drilling rigs and hold US oil production flat if West Texas Intermediate, the US benchmark, hovers around $65 a barrel, Scott Gruber an analyst at Citigroup ...