Archives for 2019
Texas rig count lowest level in over two years as industry sheds jobs
Texas operators took a net seven rigs out of service, bringing the state’s total number of operating rigs to 423, the lowest level in over two years. Source: FuelFix
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Report: Tellurian to sign $2.5 billion deal with India's Petronet LNG
Houston liquefied natural gas company Tellurian is expected to sign a $2.5 billion deal with India’s India’s Petronet LNG, sources told Reuters. Source: FuelFix
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Oil set for biggest weekly gain since January after saudi attack
Oil was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair a critical processing facility attacked last weekend. Source: FuelFix
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Permian ‘child’ wells may cut oil recovery up to 20%, bank says
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together,...
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Power company in Virginia wants to built offshore wind farm
Dominion Energy, the Virginia-based power company, is proposing to build the nation’s largest offshore wind development, a move expected to provide more renewable power to Dominion customers and provide a boost to the offshore wind...
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