Archives for February 2017
Apache reveals new Alpine High results, disappoints analysts
Shares of Apache Corp. fell in early trading on Tuesday after releasing well results from its new West Texas discovery, Alpine High, which some analysts viewed as disappointing. The Houston-based company announced in September the...
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Marathon affiliate buys Enbridge pipeline for $220 million
Marathon Petroleum’s pipeline affiliate, MPLX, said it will buy an Oklahoma-to-Illinois pipeline system from Enbridge for $220 million. Ohio-based MPLX will take over the 433-mile crude oil pipeline that originates in the Cushing, Oklahoma storage...
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January drilling permits up from 2016
The number of drilling permits filed to the Railroad Commission of Texas in January was nearly double what it was a year ago, a sign that the oil and gas industry is recovering as oil...
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Drilling restarts on Dakota Access Pipeline
If activists are looking to organize again in North Dakota against work starting up on the Dakota Access Pipeline, they’ll have time: A federal judge on Monday refused to stop construction on the last stretch...
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Are shale’s days numbered?
The Texas shale revolution will not last forever. U.S. shale and tight oil production will increase to more than 6 million barrels per day in the coming decade, making up most of total U.S. oil...
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