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-2018-11-28Read more "Oil settles at lowest in over a year, with U.S. prices sliding toward $50 – MarketWatch"
Continued consolidation expected in Permian – Midland Reporter-Telegram — Read on www.mrt.com/business/oil/article/Continued-consolidation-expected-in-Permian-13419375.phpRead more "Continued consolidation expected in Permian – Midland Reporter-Telegram"
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 […]Read more "Outgoing Michigan governor pushing for Great Lakes pipeline – ABC News"
Leading House Democrats, weeks away from taking over the majority in the lower chamber, are demanding records and information from the Trump administration’s rollbacks of numerous climate change policies at the Environmental Protection Agency (EPA — Read on thehill.com/policy/energy-environment/417615-house-dems-probe-trumps-climate-rollbacksRead more "House Dems demand records on Trump’s climate rollbacks | TheHill"
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"
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"
CALDWELL — Three years ago, Allen Startz found himself in an unwanted kinship with thousands of other oilfield workers in South Texas’ Eagle Ford shale — laid off with few prospects nearby. He left his home in Bryan to work in the Permian Basin in West Texas, making plenty of money, but growing exhausted from […]Read more "Overshadowed by Permian, but Eagle Ford making its own comeback – HoustonChronicle.com"