The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash.

The Permian Basin, home to more than 40 percent of all active U.S. drilling rigs, continues to receive most of the credit for the rapid growth of U.S. oil production; meanwhile, the Marcellus Shale receives the lion’s share of credit for ongoing record-setting levels of domestic natural gas production.  But a series of recent information releases demonstrate that the oil and gas boom is spreading into other plays across the nation.

Oil and gas mergers and acquisitions are expected to surge with upwards of $50 billion in new U.S. deals for the rest of the year following a spring lull, according to a new report.

Oil prices could top all-time highs near $150 a barrel because energy companies are investing too little money in new production, Bernstein Research said Friday.

President Trump said on Saturday that King Salman of Saudi Arabia has agreed to up its oil production by as much as “2,000,000 barrels” to help bring down prices after instability in Iran and Venezuela.

A paraffin inhibitor (PI) is often necessary for operators looking to manage wax deposition risk in their assets, but screening for an effective PI can be a challenge. There is no standard PI testing protocol, and sometimes different laboratories see different results when running the same evaluations on PI performance.   

Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom.

Why Your Company Should Be Outsourcing Its Chemical Manufacturing

You don’t have to do it all. In fact, when chemicals are involved, sometimes it pays to partner with a vendor. Chemical outsourcing could be one of the smartest ways for you to take your business to the next level — and you wouldn’t be alone. Here are three key reasons that companies across the spectrum rely on chemical manufacturing companies for basic and complex chemical blending services.