The Houston economy has largely recovered from the two-year oil downturn that began in 2014 and economic indicators suggest solid growth ahead for the region, according to analysis by a University of Houston economist. The local economy, after struggling in recent years, is again adding jobs at a strong pace, supported by oil prices above […]Read more "Forecaster: Houston economy has recovered from downturn – HoustonChronicle.com"
Anadarko Petroleum said Thursday it will sell its remaining pipeline assets for $4 billion to its decade-old pipeline spinoff Western Gas Partners. The Woodlands-based oil and gas producer said it is moving all of its remaining pipeline systems – primarily in West Texas’ Permian Basin and in Colorado – to Western Gas. The deal is […]Read more "Anadarko sells pipelines for $4B to merged Western Gas spinoff – Houston Chronicle"
A federal judge blocked the controversial Keystone XL oil pipeline Thursday, saying the Trump administration’s justification for approving it last year was incomplete. In a major victory for environmentalists and indigenous rights groups, Judge Brian Morris of the District Court for the District of Montana overturned President Trump’s permit for the Canada-to-Texas pipeline, which the president signed shortly […]Read more "Judge blocks Keystone XL pipeline | TheHill"
End is near for Permian’s ‘frack holiday’ – Midland Reporter-Telegram — Read on www.mrt.com/business/oil/article/End-is-near-for-Permian-s-frack-holiday-13372657.phpRead more "End is near for Permian’s ‘frack holiday’ – Midland Reporter-Telegram"
U.S. oil prices settle lower Wednesday, at the lowest in almost eight months, after a government report revealed that domestic crude supplies rose for a seventh week in a row, and gasoline stockpiles unexpectedly climbed. — Read on www.marketwatch.com/story/oil-prices-improve-from-multimonth-lows-as-weekend-opec-meeting-looms-2018-11-07Read more "U.S. oil prices at lowest in nearly 8 mos. as domestic crude supplies climb for 7th week in a row – MarketWatch"
Colorado voters rejected Proposition 112 in the state’s first referendum on oil and gas setbacks. Results as of late Tuesday stood at 43 percent in favor and 57 percent against. It fared better in Larimer County, with 47 percent of the vote in unofficial results Tuesday evening. The measure needed 50 percent to pass. Had Proposition 112 […]Read more "Colorado election: Proposition 112, which would have increased oil and gas setbacks, fails"
Oklahoma-based SandRidge Energy Inc. has sold its Permian Basin assets and picked up some assets in the Mid-Continent Basin through two recent transactions. SandRidge sold all of its assets in the Central Basin Platform of the Permian with about 13.1 million shares of the SandRidge Permian Trust to an unaffiliated party for $14.5 million in […]Read more "SandRidge Sells Permian Assets; Buys Mid-Con Assets | Rigzone"
Halliburton Co. expects bottlenecks in America’s busiest oil field to be relieved by the end of next year. A series of catalysts will drive drilling and fracking activity in the Permian Basin of West Texas and New Mexico throughout the next year, Jeff Miller, chief executive officer of the world’s biggest fracker, said during a […]Read more "Halliburton CEO Expects Permian Bottlenecks Gone By End of ’19 – Bloomberg"
(Reuters) – Enbridge Inc (ENB.TO) said on Friday its $1.6 billion Valley Crossing natural gas pipeline from Texas to Mexico entered service on Oct. 31. The 165-mile (266-km) Valley Crossing project is designed to carry up to 2.6 billion cubic feet per day (bcfd) of gas from Texas to help Mexico meet growing demand for […]Read more "Enbridge puts Tex-Mex Valley Crossing natgas pipe into service | Reuters"
CONVERSE COUNTY, Wyo. — The parade of trailer trucks rolling through Jay Butler’s dusty ranch is a precursor to a new fracking boom on the vast federal lands of Wyoming and across the West. Reversing a trend in the final years of the Obama presidency, the Trump administration is auctioning off millions of acres of […]Read more "Driven by Trump Policy Changes, Fracking Booms on Public Lands – The New York Times"