Encana Corp. says its wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., has signed a deal to sell its natural gas assets in Oklahoma’s Arkoma Basin for $165 million. — Read on www.cbc.ca/news/canada/calgary/encana-newfield-sells-oklahoma-arkoma-basin-assets-1.5203644 Advertisements
SALT LAKE CITY (AP) — The Trump administration is committed to making fossil fuels cleaner rather than imposing “draconian” regulations on coal and oil, U.S. Energy Secretary Rick Perry said… — Read on apnews.com/491888c04e3244d4a4e473e7978f47ccRead more "Energy secretary: US aims to making fossil fuels cleaner"
The U.S. dropped five oil rigs and gained one gas rig for a net loss of four rigs this week. — Read on www.rigzone.com/news/us_drillers_drop_five_rigs-24-may-2019-158915-article/Read more "US Drillers Drop Five Rigs | Rigzone"
Texas represented nearly 20% of all U.S. exports in the January-February period while California dipped to 11%. — Read on www.cnbc.com/2019/04/25/texas-exports-boosted-by-oil-rise-3-times-faster-than-us-increase.htmlRead more "Texas exports, boosted by oil, rise 3 times faster than US increase"
The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific… — Read on apnews.com/132936c2afcb4f44bc3eb01f05b9156dRead more "CEO of oil group sees no slowdown in US production"
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"
The number of active drilling rigs plunged by 10 last week led by dips in West Texas and Louisiana. Nine of the losses came from rigs drilling for oil, and two of them were offshore rigs, which factored into the loss for Louisiana, according to weekly figures compiled by the services firm Baker Hughes, a […]Read more "Rig count dips in Texas, Louisiana – HoustonChronicle.com"
Jupiter Energy extended an open season until May 31 on a crude oil pipeline from the Permian to the Port of Brownsville. It is expected to be operational in fourth quarter of 2020. — Read on pgjonline.com/news/2019/02-feb/jupiter-extends-open-season-for-crude-pipeline-from-permian-to-gulfRead more "Jupiter Extends Open Season for Crude Pipeline from Permian to Gulf | Pipeline & Gas Journal"
Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch — Read on www.marketwatch.com/story/oil-prices-rise-as-api-data-reportedly-show-a-surprise-decline-in-us-crude-supplies-2019-02-26Read more "Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch"
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"