Archives for May 2017
More efficient cars means less gasoline use in U.S. soon
U.S. gasoline consumption will fall over the next three decades, despite record travel, as fuel efficiency improves in American cars. Americans are driving more vehicles, the U.S. Energy Department said in a recent report, but...
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Market Currents: Limbering up for OPEC
Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that OPEC’s second largest producer has not...
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Gov. Abbott signs bill reauthorizing the Railroad Commission
The Railroad Commission of Texas, the state’s oil and gas regulator, has been reauthorized to operate for another 12 years, after a years long battle with legislators over how to reform the agency. On Monday,...
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Trump proposes slashing Gulf royalty payments to Texas, other states
President Donald Trump wants the federal government to stop sharing oil and gas royalties from the Gulf of Mexico with Texas and other states along the Gulf Coast. In his budget proposal for 2018, the...
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EOG Resources gets $400 million from private equity group
EOG Resources will get a $400 million cash infusion from private equity group Carlyle to develop oil and gas assets in Oklahoma over the next four years. The Houston oil producer’s joint venture with one...
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