Archives for March 2017
U.S. oil production rose 60,000 barrels a day in January, EIA says
U.S. oil production increased by 60,000 barrels a day in January, the Energy Department said Friday, an early sign of the energy industry’s turnaround this year. The nation’s oil output rose about 1 percent to...
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Rig count up 15; Louisiana, Texas lead
The number of oil and gas rigs in U.S. fields rose for the 11th straight week as oil companies, especially in Texas and Louisiana, continue to drill despite a recent dip in oil prices. This...
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Where have drilling costs dropped the most? Midland Basin, of course
The costs of producing oil in the major U.S. shale fields have dropped by almost half over the past two years, but none as much as West Texas’ Midland Basin, a part of the prodigious...
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West Texas oil production outgrowing pipeline capacity
Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago. West Texas Intermediate crude at Midland, Texas, the heart of the...
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Public Utility Commission says NextERA/Oncor deal will not help ratepayers
The Public Utility Commission intends to block Florida-based NextEra Energy’s move to acquire Oncor, Texas’ largest utility owned by Dallas-based Energy Future Holdings. During a meeting on Thursday, Texas’ three commissioners said they agreed that...
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