Archives for 2018
Cimarex buying Resolute for nearly $1B as Permian consolidates
Cimarex Energy said it will buy its smaller Denver rival Resolute Energy for almost $1 billion in a combination of two companies primarily focused on West Texas’ booming Permian Basin. Source: FuelFix
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Gasoline prices fall again ahead of Thanksgiving
Gasoline prices in Houston fell another 7 cents a gallon over the past week, following the record run of declines in crude oil prices. Source: FuelFix
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Oil near $57 as Russia wants to wait and see on production cuts
Oil traded near $57 a barrel following six weeks of losses as Russia held off committing to further output curbs, opening up a gap with Saudi Arabia which has called for supply cuts. Source: FuelFix
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Wolfcamp play has been key driver in Permian's growing oil, gas production
The Wolfcamp play has been a key driver of growing oil and gas production in West Texas’ booming Permian Basin oil field. Source: FuelFix
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Eagle Ford triggers small rig count jump
Growth in South Texas’ Eagle Ford shale triggered a small jump in the number of active drilling rigs nationwide. Source: FuelFix
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