Archives for 2017
Permian drilling productivity will see first-ever decline in June, EIA says
Oil fields in West Texas are teeming with drilling rigs after crude prices shot up to $50 a barrel this year. But the Energy Department believes a key metric of drilling productivity is about to...
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Market Currents: Extension reflects OPEC’s shortcomings
As OPEC’s latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel’s production cut deal has been extended for another nine months: it hasn’t worked so far. For...
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Tesoro teams with EP Energy on drilling; closing on Western Refining deal June 1
Growing San Antonio refining giant Tesoro is getting more involved in drilling for oil thanks to a new partnership with Houston’s EP Energy. On the other hand, Tesoro also is growing in its refining sweet...
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Crestwood Equity, First Reserve announce joint venture on new West Texas pipeline
A joint venture between a Houston pipeline company and an investment banking firm will finance a $170 million pipeline project that will bring natural gas from New Mexico to Texas, the companies announced on Wednesday....
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The nation’s crude oil glut continues to shrink
The nation’s supply of commercial crude took a big dip of 4.4 million barrels last week, continuing to slowly shrink North America’s glut of oil. The move continues the trend in recent weeks of slowly...
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