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
U.S. Shale Companies Motor Ahead Despite OPEC
U.S. shale companies, which kept pumping when the rest of the world cut back oil production, are in a strong position to benefit now that the Organization of the Petroleum Continue Reading
Colorado sees bottlenecks crimping oil production
Pipeline limitations near the U.S. inland storage hub in Cushing, Okla., create headwinds for growth in Colorado oil production, a state report found. Colorado crude oil production more than tripled Continue Reading
Permian Bottlenecks Begin To Bite
The pipeline constraints in the Permian are finally starting to bite, threatening to derail the extraordinary production boom that has been underway for the last few years. Permian drillers are Continue Reading
Unfracked Wells Growing as Permian Pipe Scarcity Worsens
Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse. The Continue Reading
Hess: Focus On Returns Now Will Hurt Long-Term US Shale Oil Investment
Investor pressure on oil producers to focus more attention on shareholder returns and less on output will drive down vital industry investment in the long term, a leading U.S. shale Continue Reading
U.S. shale executive pushes OPEC to gradually boost output
OPEC should boost daily output by roughly 1 million barrels over time to keep global crude supply and demand in the balance as production dips elsewhere, a leading U.S. shale Continue Reading
The Permian Faces Shut Ins Due To Oil Pipeline Shortage
The fastest-growing oil producing region in the United States, the Permian, is nearing the limits of its pipeline takeaway capacity and some producers may be forced to shut in wells Continue Reading
US shale driller Pioneer asks OPEC to open taps to prevent $100/b oil price spike –
The chairman of Permian heavyweight Pioneer Natural Resources took the unusual step Wednesday of publicly asking OPEC to pump more oil, arguing the price range of $60-$80/b is best for Continue Reading
Oil Industry Tries to Take the Fracking Boom Global
A BP PLC project deep in Oman’s desert shows how big oil companies are taking hydraulic-fracturing techniques perfected in Texas to the global stage, where they had long struggled. BP’s Continue Reading