Archives for December 2019
The top company in Texas' birthplace of shale exits for $770M
Devon Energy is selling its position in Texas’ Barnett shale for $770 million, officially leaving the birthplace of the shale revolution without any top industry players. Source: FuelFix
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U.S. energy chief shrugs off Permian oil slowdown as a ‘pause’
The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to the new U.S. Energy Secretary. Source: FuelFix
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Oil slips from 3-month high on signs of U.S. stockpile gain
Oil retreated from a three-month high after an industry report showed a large build in U.S. crude and gasoline stockpiles, reviving concerns over renewed oversupply. Source: FuelFix
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Denver company tests evaporation as solution for oil field wastewater
Denver oil field wastewater company Gradient Energy Services is testing equipment that uses evaporation to reduce the amount of water that needs to be injected in disposal sites deep underground. Source: FuelFix
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Fight over Flaring: Industry, enviros contrasting accounts over burning excess natural gas
Environmentalists and the natural gas industry have issued contrasting accounts about flaring, the practice of burning off excess natural gas in the Permian Basin and other shale plays across the United States. Source: FuelFix
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