Small Towns Are Booming, Thanks to Rising Oil Prices
“The money’s here,” says Don Bryant, who was born in Hobbs 53 years ago and owns a company that makes tools to repair oil wells. He thought about uprooting for Continue Reading
Kinder Morgan, EagleClaw and Apache Team Up for $2B Permian Pipeline
The pipeline project should address some of the bottleneck concerns around Permian Basin production. Kinder Morgan Texas Pipeline LLC (KMTP), EagleClaw Midstream Ventures LLC and Apache Corp. have teamed up Continue Reading
Is The Eagle Ford About To Boom Again?
When the U.S. Geological Survey published its updated resource estimate for the Wolfcamp Basin in the Permian a couple of years ago, it added fresh fuel to an already major Continue Reading
Potential fossil fuel production could buy time for energy transition
Given their significance for the vital functions of industrial societies and their potential for climate change, future developments in fossil fuel production ( petrol, natural gas, coal ), will have Continue Reading
All eyes on oil supply after Opec deal to boost output
What does the supply picture look like? The prospect of an extra 1m barrels per day of oil hitting the market would normally be considered uniformly bearish for prices. But Continue Reading
OPEC agrees ouput rise of ‘about’ 1 mln barrels -Saudi
High oil prices hurting fiscal balance, says Pradhan “We will do whatever is needed to maintain market stability and ensure that there are no oil supply shortages”, Saudi Prince and Continue Reading
Canada crude outage to tighten supplies, reduce oil flow to Cushing
A production problem at one of Canada’s largest oil sands facilities drove front-month U.S. crude futures to their steepest premium above second-month futures since 2014 on Monday. Canada is the Continue Reading
Oil producer deal may be short of what’s needed: U.S. energy secretary
U.S. Energy Secretary Rick Perry said on Monday a deal between global oil producers to boost crude output reached last week may not be enough to relieve global oil markets Continue Reading
Rising Oil Prices Pump Up Prospects for Permian Basin Towns
“The money’s here,” says Don Bryant, who was born in Hobbs 53 years ago and owns a company that makes tools to repair oil wells. He thought about uprooting for Continue Reading
Gulf Of Mexico Production Expected To Hit Record High
While the U.S. shale production in the Permian has been grabbing most of the market and media attention over the past two years, the Gulf of Mexico has been quietly Continue Reading