Red Ink Keeps Flowing for U.S. Fracking Sector Disappointing Results for U.S. Frackers Continued Through Q1 2019 Another quarter, another gusher of red ink. Despite investors’ growing demands that oil Continue Reading
Oil traders and analysts closely watching weekly U.S. inventory figures have been scratching their heads in the last few weeks wondering one thing: Where are the missing barrels? U.S. Energy Continue Reading
The United States may now be the world’s biggest crude producer, but the oil being produced in its prolific Permian basin is increasingly too light in density for domestic refiners Continue Reading
A pipeline capacity shortage caused natural gas flaring and venting to skyrocket to a record high in the first quarter of the year in the Permian, Rystad Energy said in Continue Reading
America’s largest oil hub in Cushing, Oklahoma, is growing even as producers and traders look to move surging West Texas production to the coast for export. The U.S. petroleum industry Continue Reading
In its relentless pursuit of oil, the shale industry continues to burn more and more gas into the air. The rate of flaring in the Permian basin reached a record Continue Reading
Last month, the world’s fourth-largest oilfield services company, Weatherford, said that it would begin financial restructuring to significantly cut its long-term debt of over US$7 billion. Weatherford expects the restructuring Continue Reading
The oil-field services sector is in the tough position of being the first to get hurt when oil prices plunge and the last to profit when a recovery finally happens. Continue Reading
The flaring of natural gas in West Texas’ booming Permian Basin has exceeded previous estimates and is now contributing to far more “widespread waste” and pollution than ever before, according Continue Reading
Highlights Commerce City eyes six-month moratorium Weld County remains largely unscathed Denver — Seven municipalities and one county scattered around the Denver-Julesburg Basin had passed some sort of drilling or Continue Reading
