Archives for September 2018
Plains All American guilty of criminal charges in California oil spill
A California jury has found a pipeline company guilty of nine criminal charges for causing a 2015 oil spill that was the state’s worst coastal spill in 25 years. Source: FuelFix
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Texas, U.S. drilling rig count stays flat
The rig count in the United Sates and Texas stayed flat over the last week. Source: FuelFix
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API launches anti-E-15 ads
The oil industry’s largest lobbying group has launched a campaign attacking E-15, a a lower-cost fuel with a higher concentration of ethanol that could expand under a deal being considered by President Donald Trump. Source:...
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Permian Oil Auction Gets Record $1 Billion as Bidding Soars
(Bloomberg) — The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest...
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West Texas oil constraints coming faster than expected
A lack of available pipeline capacity is leading to a slowdown in West Texas’ Permian Basin faster than expected. Source: FuelFix
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