Rising Tensions

Posted: February 26, 2021
Category: News Pulse

RP Weekly Recap | February 22 – 26


On the precipice of another historic meeting between the Organization of the Petroleum Exporting Countries and their allies (OPEC+), leaders will discuss the possibility of increasing oil production levels. Since many countries in the group are dependent on oil revenues, some are wary of another price crash while others are concerned about the wellbeing of their country. Nonetheless, tensions are high and sideline members including the United States have attempted to intervene. 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): 113,207,169 (up from 110,498,364 last week)
  • Number of Cases (USA): 28,423,994 (up from 27,908,859 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 5 from last week for a total of 402
  • Down 49.1% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • Episode 10 (Tackling the Data Monster Pt. 1) from our newest segment, 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!

  • A NEW Basin Breakdown for the Month of January, and the first Basin Breakdown of 2021, is available now! Be sure to check out the articles HERE and podcast HERE!

  • A new episode of the Periodical Podcast is available now! Be sure to check out our discussion covering the ongoing battle between the Biden Administration and the Governor of Oklahoma over federal leasing regulations and Oklahoma’s right to produce their natural resources.    

  • This week’s Periodical covers President Joe Biden’s executive order to indefinitely ban lease sales for oil and gas development on all federal lands and offshore waters and why Oklahoma’s Governor is going to bat for his state. While there is no certainty Oklahoma will be able to ignore or become exempt from Biden’s executive order, they can certainly let policy makers in Washington, D.C. know the problems that the new restrictions will cause.

  • Episode Twelve of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Founder and CEO of Ethical Energy, Deb Ryan!

Subscribe HERE

Click above to subscribe to the RARE
PETRO Podcast Network or visit

The information contained in this newsletter is provided by RARE
PETRO Engineering, PLLC via the linked sources unless otherwise

Send Us a Message

Rare Petro Logo

1224 Washington Ave,
Suite 10
Golden, CO 80401

(720) 772-7371


Rare Petro Logo


Oil & Gas News Pulse


You have Successfully Subscribed!