Archives for September 2019
Alta Mesa files for bankruptcy under former Anadarko chief
The Houston oil producer Alta Mesa Resources filed for bankruptcy protection Thursday amid collapsing finances and an SEC investigation into possible fraud. Source: FuelFix
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The U.S. exports more oil than Saudi Arabia
The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more. Source: FuelFix
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Oil slips as OPEC seen facing tough test to balance market
Oil slid as the International Energy Agency highlighted the difficulty that OPEC and its allies will face in balancing the market as producers meet in Abu Dhabi. Source: FuelFix
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California solar company sews up financing for new solar farm in Texas
The California-based solar power company 174 Power Global announced it has received $210 million of construction financing for the first phase of a 150 megawatt solar farm near Odessa. Source: FuelFix
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Oil prices fall despite crude inventories dip
The nation’s stockpile of crude oil dropped by nearly 7 million barrels last week, but the bullish data did little to help oil prices. Source: FuelFix
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