Oil Industry Expects Wave Of M&A Deals
The oil industry expects more mergers and acquisitions in the 12 months ahead, which is a marked difference from just a year ago when everyone in oil was extra cautious Continue Reading
Plains projects this year debottleneck its Permian crude oil gathering system
Plains All-American Pipeline is focused on increasing the capacity of its crude oil gathering system in the Permian Basin of West Texas and New Mexico, even as it moves ahead Continue Reading
EIA: US Crude Stocks Unexpectedly Build Despite High Refining Rates
U.S. crude oil stockpiles rose unexpectedly last week even as refineries hiked output to the highest in five months, while gasoline stocks increased sharply as demand eased, the Energy Information Continue Reading
Low Octane: The Surprising Reason Shale Oil Makes a Poor Fuel for High-Tech Cars and Trucks
Shale oil, which the Energy Information Administration projects will represent a rising proportion of American oil supplies in the coming decades, has a surprising Achilles heel: its low octane levels, Continue Reading
The Permian Has A Natural Gas Problem
Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. Continue Reading
Higher Oil Prices Boost Hiring At Houston Energy Companies
The rise in oil prices moved in tight correlation with the hiring at companies at the heart of the U.S. oil production—Houston—where hiring jumped by 12.4 percent annually in May Continue Reading
Shale Country Is Out of Workers and Dangling 100% Pay Hikes
Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom. It’s fueling the region and starving it at the Continue Reading
USA and World Oil Production
All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. US C+C production through April, 2018. For the last 8 months, the average increase Continue Reading
Jobs Report: US Adds Thousands of Mining Jobs in May
Once again, the oil and gas industry adds jobs in the U.S. Mining employment continued its upward trend in May, as the industry added another 6,000 jobs, according to data Continue Reading
EIA reports track U.S. crude oil production statistics and trends
U.S. Energy Information Administration, Petroleum Supply Monthly with data for March 2018; Weekly Petroleum Status Report, with data for the week ending May 25, 2018; Short-Term Energy Outlook, May 2018; Continue Reading