EIA raises forecast for 2019 U.S. crude output growth
U.S. crude oil production is expected to rise by 1.43 million barrels per day (bpd) in 2019 to average 12.39 million bpd, the U.S. Energy Information Administration (EIA) said on Continue Reading
STEO highlights: EIA boosts Brent, WTI forecasts as market expects higher prices
The US Energy Information Administration on Tuesday raised its forecasts for WTI and Brent prices as it said market activity indicates that recent inventory withdrawals and unplanned supply distributions have Continue Reading
Laredo Petroleum Cuts Staff by 20 Percent
The Tulsa, Oklahoma-based independent said the cuts are part of a bigger plan to cut company costs. U.S. independent Laredo Petroleum, Inc. whose business focuses primarily in the Permian, is Continue Reading
Strong Draw In Gasoline Stocks Dwarfs Crude Build
The American Petroleum Institute (API) reported a build in crude oil inventory of 4.1 million barrels for the week ending April 5, coming in over analyst expectations of a 2.294-million-barrel Continue Reading
Oil & Gas Discoveries On The Rise As Oil Majors Dive In
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Continue Reading
Frackers, Chasing Fast Oil Output, Are on a Treadmill
Shale companies from Texas to North Dakota have been managing their wells to maximize short-term oil production. That has long-term consequences for the future of the American energy boom. By Continue Reading
Cash Waha, El Paso Permian gas trade in positive territory for first time in two weeks
Production falls Waha balance-of-the-month-contract 26 cents weaker than spot market Houston — Waha and El Paso Permian cash natural gas prices traded in positive territory Monday for the first time Continue Reading
Tellurian shipper solicitation for Permian gas pipeline follows LNG terminal commercial activity
Highlights 2 Bcf/d pipeline targeted for startup as early as 2023 Developer plans two other pipelines, shale production Houston — Tellurian launched a shipper solicitation Monday for its 2 Bcf/d Continue Reading
$3.7B Gas Pipeline Would Combat Permian Flaring
The Permian Global Access Pipeline would extend from the Waha gas hub in Pecos County, Texas, to Gillis, La. Tellurian Inc. reported Monday that it is holding a binding open Continue Reading
EOR Push May Make the Permian Even Bigger
Standing at the center of the prolific Permian Basin, Scott Hodges explains how the future of the world’s largest oil field may very well depend on what he calls jokingly calls Continue Reading