Archives for March 2020
Not the first time OPEC has pulled up a chair for Texas
The crisis in the oil industry is so bad that Texas regulators are weighing whether to coordinate production cuts with OPEC. If they’re seeking advice, they should look no further than the man who first...
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Diamondback Energy cuts budget again as oil prices continue to sink
Midland exploration and production company Diamondback Energy is cutting its 2020 drilling budget for a second time this month as crude oil continue to fall to nearly 20-year lows. Source: FuelFix
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Federal judge sides with Kinder Morgan in Hill Country fight
A federal judge has sided with Houston pipeline operator Kinder Morgan in a fight over building a $2 billion natural gas pipeline through the scenic and environmentally sensitive Texas Hill Country. Source: FuelFix
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Six pipeline companies cut $1.9 billion from their 2020 budgets
Six pipeline operators have cut a combined $1.9 billion from their 2020 budgets as record low oil prices and weakened demand from the coronavirus dampens plans for new projects, a new report shows. Source: FuelFix
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Occidental, Icahn may be near deal to end boardroom battle
Activist investor Carl Icahn is nearing a truce with Occidental Petroleum Corp. that will see three new directors appointed to the oil company’s board, according to people familiar with the matter. Source: FuelFix
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