•U.S. refiners may not have much room to take more lighter oil Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter […]
Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/Read more "Why Chevron Bought Anadarko"
The Permian Basin Is Now the Highest Producing Oilfield in the World — Read on www.energyindepth.org/the-permian-basin-is-now-the-highest-producing-oilfield-in-the-world/Read more "The Permian Basin Is Now the Highest Producing Oilfield in the World"
Oil futures saw choppy trade Wednesday after data showed a larger-than-expected jump in U.S. crude inventories. The Energy Information Administration said crude inventories rose 7.2 million barrels to 449.5 million barrels in the week ended March 29, leaving them at the five-year average. Analysts surveyed by S&P Global Platts had produced a consensus forecast for […]Read more "Oil drifts lower in choppy trade after unexpected jump in U.S. crude inventories – MarketWatch"
Innovation, investment and inviting geology have given new life to an oil patch that once seemed spent. The oil field is now the world’s second most productive. MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught, and even […]Read more "How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market – The New York Times"
Oil and gas jobs led the charge for new energy employment in America during 2018. And the good news is that our shale industry is just getting warmed up. — Read on www.forbes.com/sites/judeclemente/2019/03/08/u-s-oil-and-natural-gas-led-for-new-energy-jobs-in-2018/Read more "U.S. Oil And Natural Gas Led For New Energy Jobs in 2018"
U.S. shale energy companies are cutting their spending levels in 2019, but they’re still planning on increased oil and gas output as the nation continues to hit new production records. Shale energy companies plan to cut their capital spending by 5 percent on average after crude prices plunged late last year, even though Big Oil […]Read more "U.S. energy companies produce more oil even as they cut spending"
Sooner or later, Russia, Saudi Arabia and the other party nations to the OPEC-Plus export limitations agreement are going to exhaust their running room for additional cuts. When that happens, the U.S. shale boom will probably come to a rapid halt. — Read on www.forbes.com/sites/davidblackmon/2019/02/22/the-oil-and-gas-situation-is-a-train-wreck-around-the-corner/amp/Read more "The Oil And Gas Situation: Is A Train Wreck Around The Corner?"
Midland led the nation in job growth, with employment in the West Texas county surging by nearly 12 percent — more than seven times the national average, the Labor Department reported Wednesday. — Read on www.houstonchronicle.com/business/energy/article/Midland-crushes-nation-in-creating-new-jobs-13632304.phpRead more "Midland crushes nation in creating new jobs – HoustonChronicle.com"
SANTA FE, N.M. (AP) — The State Land Office says this month’s oil and natural gas lease sale has netted more than $35 million. Officials say that includes the largest open bid sale in the… — Read on apnews.com/5616f3e72ab142e19c7ff2a7d3681ec5Read more "New Mexico oil and gas lease sale nets $35 million"