Archives for 2016
The oil rig count keeps growing in Texas
The number of rigs actively seeking oil grew by seven this past week, and all of that growth came in Texas’ Permian Basin or Eagle Ford shale. The overall rig count only grew by one,...
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Market Currents: Saudi, Iran and Iraq keep on pumping
Welcome to another Nonfarm Friday! As job creation last month was mucho better than consensus (255,000 jobs created versus 180,000 expected, with an upward revision to prior data to boot), broader markets have a skip...
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CenterPoint rejects REIT plan as it reports $2 million loss
Houston-based CenterPoint Energy said Friday it’s no longer considering transforming the company into a tax friendly real estate investment trust — a complex structure that’s rare and controversial in the energy sector. Source: FuelFix
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Hoover Container merging with global rivals in tank production
Houston-based Hoover Container Solutions is merging with some of its chemical tanks and cargo rivals to produce a larger global enterprise that will still be led by Hoover CEO Donald Young. Source: FuelFix
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Oil prices flat after two-day rally
Oil prices were little changed after the biggest two-day increase in more than a month as prices fluctuated following a fall into a bear market this week. Futures were up slightly in New York at about...
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