2019 Gulf Coast Oilmen’s Invitational

R&D Pipe Company Participated in the 2019 Gulf Coast Oilmen’s Invitational in Galveston, Texas. 30th Annual Gulf Coast Golf Classic Benefiting: Shriner’s Hospital for Children Galveston When: MAY 16-18, 2019 Ron Underwood, President of R&D Pipe Company 2019 will be GCO’s 30th year helping the Shriners Hospital for Children-Galveston. The 2018 event was a successful […]

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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

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EIA data show an unexpected weekly climb in U.S. crude supplies – MarketWatch

EIA data show an unexpected weekly climb in U.S. crude supplies Myra P. Saefong The Energy Information Administration on Wednesday reported that U.S. crude supplies rose by 5.4 million barrels for the week ended May 10. Analysts and traders expected a fall of 1.4 million barrels, on average, according to a survey by The Wall Street […]

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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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Global energy investment steadies at $1.85 trillion after three-year fall – IEA – Reuters

Global energy investment steadied at nearly $1.85 trillion (£1.43 trillion) last year after three years of decline, with slowing energy efficiency and renewables spending offset by increases in oil, gas and coal, the International Energy Agency said. — Read on www.reuters.com/article/uk-iea-energy-investment/global-energy-investment-steadies-at-1-85-trillion-after-three-year-fall-iea-idUKKCN1SJ2F8

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Canada Likely to Proceed With Trans Mountain Expansion

(Bloomberg) — The Canadian government is likely to proceed with expansion of the Trans Mountain oil pipeline when it announces its final decision on the conduit next month, officials familiar with the matter say. The government has made no secret about its interest in finding a way to expand the line, but has tiptoed around […]

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EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters

NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd.  The EIA forecast output in 2020 will rise […]

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The number of drilled but uncompleted wells in the United States continues to climb – Today in Energy – U.S. Energy Information Administration (EIA)

The number of drilled but uncompleted wells in seven key oil and natural gas production regions in the United States has increased over the last two years, reaching a high of 8,504 wells in February 2019, according to well counts in EIA’s Drilling Productivity Report (DPR). The most recent count, at 8,500 wells in March […]

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Oil Price Fundamental Daily Forecast – Prices Weaken After API Reports Surprise Build, EIA on Tap

Today’s U.S. Energy Information Administration (EIA) inventories report, due to be released at 14:30 GMT, should set the tone today. Traders are looking for a 1.3 million barrel build. — Read on www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-prices-weaken-after-api-reports-surprise-build-eia-on-tap-571873

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Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle

In a stunning escalation of the two-week-old contest for Anadarko, Buffett’s Berkshire Hathaway Inc. on Tuesday disclosed plans to inject $10 billion into Occidental in exchange for preferred stock and warrants. The bombshell landed in the midst of Anadarko board deliberations about whether Occidental — Read on finance.yahoo.com/news/bank-buffett-drops-10-billion-151622861.html

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