Oil Boom Bottleneck Costs Permian Investors $1B a Day
More than $1 billion a day. That’s how much value a Permian Basin pipeline crunch wiped out from the explorers most focused on the booming U.S. shale region in two 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
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
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
Permian tracker: Pipeline build-out to support increased production
Production from the US’ fastest-growing oil play continues to rise, but infrastructure has lagged the surging output leading to steep discounts at the region’s pricing hub. New pipelines in development Continue Reading
US oil producers have all their DUCs in a row: Fuel for Thought
With all the talk about sanctions, conflict and nationwide implosions, stakeholders could be overlooking a potential sleeper for the US oil market: DUCs–drilled but uncompleted wells. Many observers are wondering, Continue Reading
Gas Glut in Permian Sparks Dilemma Over How Much to Burn
Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other. With natural gas pipelines in the Permian Basin reaching 98 Continue Reading