Shale drillers in West Texas are entering into two-year futures contracts because they don’t believe new pipeline infrastructure will be finished by 2020. Photo by Gary C. Caskey/UPI | Sept. Continue Reading
Between 250 and 700 barrels of oil per day are leaking into the Gulf at the the site where Taylor Energy Co.’s oil platform collapsed in Hurricane Ivan in 2004, Continue Reading
US Highway 285 is a major north-south route within the Permian Basin of West Texas and southeastern New Mexico, and it’s seen better days. U.S. Highway 285 is a major Continue Reading
U.S. crude oil inventories fell more than expected last week to below 400 million barrels, while gasoline and distillate inventories rose as refiners ramped up production, the Energy Information Administration Continue Reading
Still-strong US Gulf Coast refinery runs and a sharp rebound in crude exports helped account for a 5.3 million barrel-decline in US commercial crude stocks, US Energy Information Administration data Continue Reading
Oil producers in the Permian appear to be worried that key pipeline projects to boost takeaway capacity from the region might not hit their 2019 targeted start-up dates. Oil producers Continue Reading
Predicting the point at which the world reaches peak oil demand has become something of a cottage industry. The estimates range, but tend to fall somewhere around 2030 or later. Continue Reading
U.S. crude oil production in 2019 is expected to grow at a slower rate than previously forecast, according to a monthly U.S. government forecast on Tuesday. U.S. crude production is Continue Reading
Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $73 per barrel (b) in August, down almost $2 from July. EIA expects Brent spot prices will average $73/b Continue Reading
To be fair, not all shale gas drilling is slowing, but in the Permian Basin, which has seen the most incandescent growth in recent years, according to the Financial Times Continue Reading
