Good Times in Oil Country

Posted: June 25, 2021
Category: News Pulse

RP Weekly Recap | June 21 – 25


It was a phenomenal week in the oil and gas industry with prices hitting a three-year high, rig counts soaring, and exploration expanding. Fuelled by an accelerated uptick in crude oil demand as the world sets sights on a return to pre-crisis times, oil and gas companies are set for record-breaking free cash flows this summer. Check out these stories and more in this week’s recap of all things happening in oil and gas! 

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 180,130,171 (up from 177,554,618 last week)
  • Number of Cases (USA): 33,593,763 (up from 33,511,296 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

United States Rig Count

  • Up 0 from last week for a total of 470
  • Up 77.4% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • Founded in 2007, Oasis Petroleum has done a stellar job of making a name for itself in the Williston Basin. How do they financially stack up to a past version of themselves and other peers in the area? Find out with RARE PETRO’s Energy Market Report Card! Or check it out in Video format HERE!

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Report to see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round. 

  • Our latest Periodical highlights the record-toppling, early-season heat waves well into the triple digits that have spread across the western portion of the United States straining electricity grids as a severe drought constricts hydroelectric power generation. As the summer months continue, electricity security is beginning to bear its ugly face yet again as states like California and Texas brace for a difficult season. 

  • Our latest episode of the Periodical Podcast is available now! Be sure to check out our discussion on merger mania that highlights how the oil and gas industry has been forced to re-calibrate in response to shifting market conditions with capital discipline taking center stage. 

  • Is oil valuable? Depends on who you ask! Some argue it only became valuable when we learned how to use it. Join your host Tavis Kilian for episode five of Hydrocarbon History as he explores the birth of the modern oil and gas industry!

  • Episode Fifteen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Debra Hall, President and CEO of Elementale Enterprises! 

  • Episode 11 (Tackling the Data Monster Pt. 2) of the Modern Mobile Oilfield is available now! This series is a collaborative effort between world-renowned author Geoffrey Cann and RP host Tavis Killian that will expand on topics covered in the book “Bits, Bytes, and Barrels”. This new segment is aimed at energy professionals at any level who are looking to better understand the future of a digital oilfield and potentially implement these technologies into their company’s workflow. Be sure to watch or listen on all available platforms! 

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