Archives for September 2016
Oil rig count sees small hike despite rigs evacuating the Gulf
The net gain for the amount of rigs actively drilling is eight rigs — including the addition of one inland waters rig — with seven of the net additions drilling for natural gas and one...
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Gasoline prices for Labor Day weekend are cheapest in 12 years
The national average for a gallon of regular unleaded gasoline is sitting between $2.21 and $2.22 on Friday, while the Houston-area average is just $2.02, according to estimates from AAA and GasBuddy.com, which track gasoline...
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Want a good investment? Try sand
Sand is a big issue in horizontal drilling. And analysts are predicting it’s soon going to be a bigger one. Drillers shoot millions of gallons of water into horizontal wells to fracture the rock and...
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Market Currents: Saudi targets Asian oil exports
Happy Nonfarm Friday! After selling off strongly so far this week, oil prices are mustering a bounce into the holiday weekend, encouraged higher by an underwhelming employment report and an (initial) strong sell-off in the...
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Exxon ignores near-term glut to play long game with LNG
When it comes to natural gas, Exxon Mobil believes in playing the long game. As competitors continue to flood the world market with a liquefied form of the fuel, depressing prices, Exxon is heeding the...
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