The Permian Has A Flaring Problem
A report from the Environmental Defense Fund (EDF) found that the rate of flaring in the Permian basin is twice as high as the industry has been reporting. In 2017, Continue Reading
How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market
In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught and even thrived: the Permian Basin, straddling Continue Reading
Exxon Goes All-In On The Permian
ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to the Continue Reading
U.S. Energy Exports To See Significant Increase
The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050 . The purpose of the AEO is to provide long-range energy projections for the Continue Reading
The Fracking Industry’s Flaring Problem May Be Worse Than We Thought
In 2018, the oil and gas industry operating in North Dakota’s Bakken Shale burned off record amounts of natural gas, largely obtained via hydraulic fracturing (fracking). This process, known as Continue Reading
Exxon, Chevron fourth-quarter profits lifted by U.S. shale gains
Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, on Friday posted improved quarterly earnings that benefited from double-digit percentage increases in production from the top Continue Reading
US Drops 15 Oil Rigs
The nation’s rig count saw a decline this week of 15 oil rigs. The U.S. dropped 15 oil rigs and added one gas rig this week for a net loss Continue Reading
Permian Boosts ExxonMobil, Chevron Earnings
Soaring production in North America’s most prolific oil field helped propel Exxon Mobil Corp. and Chevron Corp. to bigger-than-expected fourth-quarter profits. Shares for both explorers were among the day’s best-performing Continue Reading
Is The Permian Bull Run Coming To An End?
The bad news coming out of the shale oil fields of America could all be put down to slumping oil prices. That is certainly a big factor. But as investment Continue Reading
Magellan cancels plan for short-haul oil pipeline in West Texas
Magellan Midstream Partners LP has canceled plans to develop a stand-alone crude pipeline West Texas, the area of the nation’s top oil field as it considers a lower-cost project for Continue Reading