OGJ150 reported smaller losses in 2016; revenues, spending down

The OGJ150 group of US oil and gas producers collectively posted 2016 full-year net losses of $47.66 billion on revenues of $477.6 billion compared with net losses of $141 billion in 2015 on revenues of $584.5 billion. Source: News


Baker Hughes: US rig count gains 3 units to 943

The overall US rig count has made a slight gain this week, marking the end of four straight weeks of declines. Baker Hughes’ calculation of active US rigs jumped 3 units during the week ended Sept. 1 to 943. Source: News


API reiterates concerns with the RFS in additional comments to EPA

The American Petroleum Institute reiterated its concerns about possible consequences from allowing ethanol blends of more than 10% in the nation’s gasoline supplies in comments it submitted to the US Environmental Protection Agency. Source: News