Archives for September 2018
Report: Permian surge on oil hedging shows fear of pipeline shortages
Oil companies dramatically increased their hedges on Permian Basin oil prices beyond 2019 in order to lock in healthier prices in case a slew of new pipeline projects fail to come online in time, according...
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NGl Energy Partners spends $93 million for New Mexico water rights
NGL Energy Partners has spent $93 million to acquire 122,000 acres of ranchland in New Mexico, giving it access to nearly 12 million barrels of annual fresh water rights. Source: FuelFix
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Company to invest nearly $300 million in West Texas natural gas pipelines
An Oklahoma-based company will invest nearly $300 million to expand its natural gas liquids pipeline system in West Texas’ Permian Basin. Source: FuelFix
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Brent crude trades at $10 premium to U.S. oil amid Iran risk
Brent crude, the global oil benchmark, traded at more than a $10 a barrel premium to U.S. futures as fears of lost Iranian output buoyed one grade and a supply glut undermined the other. Source:...
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Refiners poised to save billions with digital technology
Refiners have for years lagged other energy producers in digitizing their operations, but the industry is poised for faster transformation thanks to recent technologies that could reduce operating costs by billions of dollars, according to...
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