Archives for February 2017
OPEC needs to extend output cuts to ease glut, says Total CEO
OPEC and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global inventory glut that has kept a lid on prices, said Total SA Chief Executive...
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Legislator makes (unlikely) attempt to change Railroad Commission’s name, again
A Democratic representative from Dallas introduced two bills last week aimed at changing the Railroad Commission of Texas, the state’s oil and gas regulator. But Rep. Rafael Anchia’s two bills are familiar issues that have been...
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Post Oak Energy Capital, Moriah Henry Partners step up Midland Basin program
Houston-based Post Oak Energy Capital led a $200 million equity commitment to Moriah Henry Partners, an exploration and production company headquartered in Midland. Its co-investors are Henry Energy and Moriah Energy Investments, which will manage...
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Royalties, taxes paid by Texas drillers plunged in 2016
By Lydia DePillis Texas’ top oil and gas association said Tuesday that taxes and royalties paid to state and local government fell significantly in the last fiscal year, reflecting the plunge in oil prices and...
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What happens to crude prices when OPEC ends output cuts?
Crude prices could plunge toward $30 a barrel — a rout of about 40 percent from current levels — unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said....
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