To Drill Or Not To Drill

Posted: August 20, 2021
Category: News Pulse

RP Weekly Recap | August 16 – 20


It’s Big Oil vs Biden in another round of To Drill Or Not To Drill! In January, the newly elected president paused drilling auctions in order to review the environmental impact and value to taxpayers. However, the evaluation, which was expected to be completed by now, remains ongoing causing backlash from oil firms across the country. This week, Big Oil sued the Biden Administration in the federal court of western Louisiana, arguing the government is required by law to hold regular sales. While this is not Biden’s first call to court since the January pause, we will see who wins this round of To Drill Or Not To Drill. Check out this story 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): 210,325,625 (up from 205,794,505 last week)
  • Number of Cases (USA): 37,325,643 (up from 36,341,661 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 3 from last week for a total of 503
  • Up 98.0% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • Our latest Periodical highlights the fact that the number of drilled but uncompleted wells, or DUCs, has risen dramatically from 2017 until 2020. From the middle of 2020 until now, the DUC inventory has been decreasing rapidly as operators reduced drilling programs and focused on completing existing DUCs.

  • RARE PETRO is the tik talk of the town! Short-form content to educate both the public or industry professionals is available NOW! Check out our latest Tik Tok Video covering how the Olympic torch works.

  • 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. 

  • If you’ve ever read the news you’ve surely seen the controversy surrounding our industrial circulatory system: pipelines. When was the first pipeline built? Are pipelines safe? Is there a better transportation method than pipelines? Find out in episode six of Hydrocarbon History!

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