Archives for 2019
Drilling Down: Pioneer’s big bet on the Midland Basin
Irving oil company Pioneer Natural Resources is betting on its leases in the eastern end of Permian Basin. Source: FuelFix
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Sanchez Energy files for Chapter 11 bankruptcy
Houston oil company Sanchez Energy has filed for Chapter 11 bankruptcy. Source: FuelFix
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Qatar inks $550 million deal to buy stake in Permian Basin pipeline company
A state-owned company from Qatar inked a $550 million deal to buy a stake and expand a Midland pipeline company focused on moving crude oil in the Permain Basin of West Texas and southeastern New...
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Nation’s rig count falls again as energy sector slows
Oil prices held down by fears of oversupply in the global market and less enthusiasm by investors for exploration and production companies has restrained drilling activity. Source: FuelFix
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IEA says oil outlook ‘fragile’ after weakest patch since 2008
The outlook for global oil demand is “fragile” amid growing signs of an economic slowdown, which squeezed consumption growth during the first five months of this year to the weakest in a decade, the International...
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