Archives for 2017
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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Market Currents: Russian production down, yet exports up
Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns – despite the cartel’s proclamations of production cut compliance and upward revisions...
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