Archives for June 2018
Unfracked oil wells growing as Permian pipeline scarcity worsens
Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse. Source: FuelFix
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OPEC works toward deal as Saudis propose plan for higher output
The odds of OPEC reaching an oil-production deal increased as Iran edged away from a threat to veto any agreement that would raise output and Saudi Arabia put forward a plan that would add about...
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Crude inventories take another dive
Crude stockpiles plunged for second consecutive week, lifting oil prices that have come under pressure as OPEC considers lifting production caps in place for more than a year. Source: FuelFix
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SEC charges Texas Coastal Energy, CEO with fraud
Dallas-based Texas Coastal Energy Company and its chief executive officer committed federal securities fraud by lying to investors and misappropriating $2.6 million of their money, the U.S. Securities and Exchange Commission said Tuesday. Source: FuelFix
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Study: U.S. natural gas production to surge 60% in 20 years
The U.S. shale boom kicked off with natural gas a decade ago, and dry gas production is expected to keep surging by another 60 percent during the next 20 years, according to a new report...
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