Drowning in Dirty Water, Permian Needs $22B to Stay Afloat
In the dry, dusty plains of West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it. (Bloomberg) — In the Continue Reading
U.S. crude stockpiles drop more than expected in week – EIA
U.S. crude stocks fell more than forecast last week, while gasoline and distillate inventories dropped unexpectedly, the Energy Information Administration said on Wednesday. FILE PHOTO: Crude oil storage tanks are Continue Reading
Colorado to vote in November on proposal to toughen oil drilling rules
A Colorado ballot initiative that would sharply increase the required distance between new oil wells and populated areas will go before voters in November, Colorado officials said on Wednesday. The Continue Reading
Wyoming oil basin deals rise as companies look past Permian
Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming, where pipelines are not congested and land is cheaper than in Texas’ Permian Continue Reading
Solving The Permian Pipeline Problem
The fracking revolution in the U.S. has considerably changed the global oil market and the strategic calculations of market participants. The initial entry of shale oil producers caused a crash Continue Reading
Permian Pipeline Constraints Cause of $1.4B in Deferred Completion Spend
A new quarterly forecast by Westwood finds that pipeline takeaway capacity constraints in the US’ hottest shale play will see hundreds of deferred completions through 2019. Pipeline issues in the Continue Reading
Texas Oil Producers: Trade War Puts U.S. Oil & Gas Sector At Risk
The U.S.-China trade tensions—which continue to escalate despite last week’s talks—risk backfiring on the American oil and gas sector, slowing down investments in long-term projects, a Texas energy group says Continue Reading
Total Rules Out Investing In US Shale Oil After BP-BHP Deal
Total is not looking at investing in the US shale oil industry. STAVANGER, Norway, Aug 27 (Reuters) – French energy group Total is not looking at investing in the U.S. Continue Reading
The Permian Could Soon Have Too Much Pipeline Capacity
You could be forgiven for doing a double take on that sentence. There has been a lot of attention paid to the pipeline woes in West Texas, but because of Continue Reading
Top U.S. Shale Producers Soaring Debt Service Guts Profits
The massive debt accumulated by the U.S. Shale Industry is now decimating company profits. As company debts and interest rates rise, these shale producers interest expense also continues to increase. Continue Reading