Entries by Ranger Land and Minerals

Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global oil and gas investment is expected to grow by $26 billion this year. This is as the industry continues to recover from the worst of the coronavirus. All of this is according to a new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this […]

Oil Rises 1.5% as OPEC+ Agrees to Planned Output Increase

Oil rises by 1.5% on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on indications that the Omicron coronavirus variant would have only a mild impact on demand. Brent crude was up $1.15, or 1.5%, at $80.13 a barrel, its highest since November, by 13:33. p.m. EST (1833 GMT) […]

US becomes world’s top LNG exporter for first time ever

The U.S. became the world’s No. 1 LNG Exporter (liquefied natural gas) for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloomberg. Cheniere Energy […]

US Oil Rig Count Jumps Along With Crude Prices

The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh wave of Covid-19 cases brought by the new variant of the coronavirus. Let’s talk more about the US oil rig here. Last week’s count compared with a rig […]

Texas Oil and Natural Gas Employment Posts 6th Consecutive Month of Growth

Texas oil and natural gas job growth grew by 15.4% this November compared to last November. It brought 2,400 upstream jobs last month. This is the data from the Current Employment Statistics report from the Bureau of Labor Statistics show. What happened in the past 6 months? Employment gains in the Texas oil and natural […]

Oil Prices Are Rising. Look For Bigger Returns in 2022

The average energy stock is on track to gain more than 50% this year, a stunning result for a sector that has lagged far behind the market for most of the past decade. Prospects are looking good for 2022, too, particularly in oil. Oil prices are indeed rising and will continue to rise. International crude […]

Demand for Oil, Gas to Remain Robust for Years, Energy Leaders Say

The demand for the products they make will remain robust for years to come. Moreover, demand will continue even as the world attempts to transition to lower-carbon energy sources. This is what the leaders of the world’s largest oil companies said on Monday. At the World Petroleum Congress in Houston, they said that while the […]

Gas and Oil Industry | Where Will The Oil Industry Spend Its Money In 2022?

Gas and oil industry companies have recovered from the 2020 crisis with bumper cash flows in 2021. For example, they are looking towards 2022 with more cash on hand. This is to increase shareholder distributions and prepare for the energy transition. In 2022, the oil and gas industry could be up for a transformational year. […]

Oil Companies Profits Soared to $174bn This Year as US Gas Prices Rose

The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report. The bumper profit totals, provided exclusively to the Guardian, show that in the third quarter of 2021 alone, 24 top oil and gas […]