Archives for June 2019
Oil holds near $54 on Saudi-Russia supply pledge, rig data
Oil steadied near $54 a barrel after Saudi Arabia said it could agree on plans for production with Russia at the G-20 summit this month. Source: FuelFix
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Cheap construction, government targets and lots of wind spurs wind development
Lots of wind, cheap construction costs and government targets to boost the percentage of power generated from renewable sources gave several states, including Texas, an incentive to invest in wind-generated power. Source: FuelFix
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Drilling Down: Spraberry play heats up in West Texas
There’s a race underway to use horizontal drilling and hydraulic fracturing to unlock the potential of a West Texas sandstone formation once dubbed “the world’s largest unrecoverable oil reserve.” Source: FuelFix
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Rig count dips in Permian as oil prices fall
As crude prices plunged in recent weeks, the number rigs drilling in West Texas’ booming Permian Basin continues to fall. Source: FuelFix
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Anadarko’s CEO Gets a $98 Million Golden Parachute After Sale
Anadarko Petroleum Corp. Chief Executive Officer Al Walker will receive a golden parachute worth $98 million following the oil producer’s $38 billion sale to U.S. rival Occidental Petroleum Corp. The payout is part of $300...
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