Reliance Gathering to Explore a $500 Million Sale

Reliance is working with an adviser to run an auction that could value it at about $500 million, said one of the people, who asked not be identified because the matter is private. The company, based in Midland, Texas, may attract interest from private equity and infrastructure investors, the people — Read on finance.yahoo.com/news/reliance-gathering-explore-500-million-215003441.html Advertisements

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Latest Permian Basin Oil Supply Surge to Feed Global Markets – Bloomberg

•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 […]

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Exclusive: Pipeline operator Noble Midstream Partners up for sale – sources – Reuters

NEW YORK (Reuters) – Noble Midstream Partners LP, a pipeline operator controlled by U.S. oil and gas exploration and production company Noble Energy Inc, is up for sale, people familiar with the matter said on Thursday.  The decision to seek to sell Noble Midstream Partners comes at a time when oil and gas companies are […]

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Typical Worker’s Pay Nears $200,000 at Oil Refiner – WSJ

Oil and gas drillers had some of the highest-paid median workers in the energy and utility sectors in 2018, according to The Wall Street Journal analysis of annual pay disclosures by hundreds of big U.S. companies. — Read on www.wsj.com/articles/typical-workers-pay-nears-200-000-at-oil-refiner-11556103600

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U.S. petroleum product exports set record high in 2018 – Today in Energy – U.S. Energy Information Administration (EIA)

U.S. petroleum product exports set record high in 2018 – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.php

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Halliburton sees signs of price recovery, shares dip – Reuters

Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner. — Read on www.reuters.com/article/us-halliburton-results/halliburton-sees-signs-of-price-recovery-shares-dip-idUSKCN1RY0Q4

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5 Ways That Fracking Is Helping Our Environment – FrackFeed

Despite false claims and accusations from extreme environmentalists, fracking and natural gas actual help our environment! Click to find out how! — Read on www.frackfeed.com/5-ways-that-fracking-is-helping-our-environment/

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This Legendary Shale Basin Just Broke Its 2011 Production Record | OilPrice.com

The Haynesville Shale in northeastern Texas and Louisiana is producing 10.522 billion cubic feet per day of natural gas this month, effectively breaking its 2011 production record — Read on oilprice.com/Energy/Natural-Gas/This-Legendary-Shale-Basin-Just-Broke-Its-2011-Production-Record.html

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Why Chevron Bought Anadarko

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/

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U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA)

U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.php

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