Shale oil and gas infrastructure bubble goes flat
The US government is frequently caricatured as a tool of rich people. Look closely, though, and the rich sometimes have their money consumed in ways that serve the state. These Continue Reading
U.S. Oil Producers Ready To Self-Finance
A fifth of U.S. crude oil producers are planning to use their cash flow from operations to fund new production expansion, a survey from Haynes & Boone has found. Besides Continue Reading
Devon Energy will lay off 9 percent of staff to boost returns
Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer’s Continue Reading
Cushing’s oil market clout wanes amid U.S. export boom
The volume of oil sitting in 300 steel tanks in a nine-square-mile radius in Cushing, Oklahoma has long been a key barometer for the health of U.S. crude supply and Continue Reading
Canadian shale drawing super-major interest
The acquisition of drilling rights in thousands of acres in British Columbia by one of the world’s biggest companies is a testament to its potential, Calima Energy said. Conoco Phillips Continue Reading
Permian Bottleneck Could Impact Global Oil Markets
The Permian basin is driving U.S. shale growth, with expectations that the basin will add enormous volumes this year, keeping the oil market well-supplied. But the Permian’s pipeline network is Continue Reading
U.S. drillers add oil rigs for the third week in four: Baker Hughes
U.S. energy companies added oil rigs for the third time in four weeks as crude prices drifted from a three-year high hit earlier this year amid concerns of a trade Continue Reading
Permian Oil Boom Threatens To Overtax Electrical Grid
The shale boom in the Permian where companies are intensively drilling while keeping costs low has led to an unprecedented electricity demand in West Texas, straining the grid as local Continue Reading
Texas Oil Output Surge Clogs Pipelines, Depresses Prices
The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude Continue Reading
Texas oil output surge clogs pipelines, depresses prices
The Permian Basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude Continue Reading