Oklahoma man convicted in multi-million-dollar oil and gas fraud | KOKH

The U. S. Attorney’s Office announced a jury convicted Justin Lane Foust, 42, of Sulphur, Oklahoma, of wire fraud, money laundering, and aggravated identity theft in connection with fraud against Chesapeake Energy. Foust was employed by Chesapeake Operating, Inc, a wholly owned subsidiary of Chesapeake Energy Corporation, from April 2002 until September 2011. Foust formed […]

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New Mexico captures greater share of oil and gas revenue

New Mexico captures greater share of oil and gas revenue — Read on www.google.com/amp/s/amp.ruidosonews.com/amp/2605292002

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U.S. Shale’s Blows Leave Middle East Oil Producers Staggering

A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties. When processed, these grades typically yield a higher amount of fuels like gasoline and naphtha. Light oil pumped in U.S. shale fields is increasingly making — Read on finance.yahoo.com/news/u-shale-apos-blows-leave-063738822.html

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Anti-Pipeline Activism Isn’t Generating More Investment in Renewable Energy – Texans for Natural Gas

Anti-Pipeline Activism Isn’t Generating More Investment in Renewable Energy – Texans for Natural Gas — Read on www.texansfornaturalgas.com/antipipeline_activism_isnt_generating_more_investment_renewables

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U.S. liquefied natural gas export capacity to more than double by the end of 2019 – Today in Energy – U.S. Energy Information Administration (EIA)

EIA projects that U.S. liquefied natural gas (LNG) export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world behind Australia and Qatar. Currently, U.S. LNG export capacity stands at 3.6 Bcf/d, and it is expected to end the year at 4.9 […]

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Oil surges almost 4 percent on trade truce, expected supply cuts | Reuters

NEW YORK (Reuters) – Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.  Brent crude futures rose $2.23 to settle at $61.69 a barrel, […]

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Oil settles at lowest in over a year, with U.S. prices sliding toward $50 – MarketWatch

Oil futures drop Wednesday to settle at their lowest in more than a year, sending U.S. prices sliding toward $50 a barrel, on the back of a 10th straight weekly rise in U.S. crude stockpiles. — Read on www.marketwatch.com/story/oil-prices-churn-as-us-inventory-climb-expected-2018-11-28

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Continued consolidation expected in Permian – Midland Reporter-Telegram

Continued consolidation expected in Permian – Midland Reporter-Telegram — Read on www.mrt.com/business/oil/article/Continued-consolidation-expected-in-Permian-13419375.php

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High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA)

High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.php

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Outgoing Michigan governor pushing for Great Lakes pipeline – ABC News

Michigan Gov. Rick Snyder hopes to use the final weeks of his tenure to lock in a deal allowing construction of a hotly debated oil pipeline tunnel beneath a channel linking two of the Great Lakes — a plan his successor opposes but may be powerless to stop. The two-term Republican and his team are […]

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