Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch

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-2019-02-26

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The Oil And Gas Situation: Is A Train Wreck Around The Corner?

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/

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Midland crushes nation in creating new jobs – HoustonChronicle.com

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.php

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New Mexico oil and gas lease sale nets $35 million

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/5616f3e72ab142e19c7ff2a7d3681ec5

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U.S. shale executives predict oil production constraints to remain | Reuters

Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy conference said on Thursday. — Read on www.reuters.com/article/us-usa-shale-production/u-s-shale-executives-predict-oil-production-constraints-to-remain-idUSKCN1Q4003

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U.S. oil output to hit new record above 13 million bpd in 2020: EIA | Reuters

NEW YORK (Reuters) – U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday.  U.S. oil production this year is forecast to be at a […]

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Report: Texas crude oil production breaks 1970s record – Houston Chronicle

Report: Texas crude oil production breaks 1970s record – Houston Chronicle — Read on m.chron.com/business/energy/article/Report-Texas-crude-oil-production-breaks-1970s-13606658.php

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For sale in Texas: natural gas at record low price | Reuters

Next-day natural gas prices for Tuesday at the Waha hub in the Permian basin in West Texas tumbled almost 90 percent to a record low as demand declined with moderating weather and pipeline constraints limited the amount of fuel that can leave the region. — Read on www.reuters.com/article/us-natgas-waha-pipelines/for-sale-in-texas-natural-gas-at-record-low-price-idUSKCN1PU1V9

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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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US government appeals ruling that blocked Keystone pipeline

US government appeals ruling that blocked Keystone pipeline BILLINGS, Mont. (AP) — The Trump administration is appealing a court ruling that blocked the Keystone XL oil pipeline. Justice Department attorneys on Friday appealed the November ruling from U.S. District Judge Brian Morris that blocked a construction permit for the 1,184-mile (1,900-kilometer) pipeline. The line sponsored […]

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