Archives for March 2020
Financially strapped Texans: Help is on way to pay power bills
The Public Utility Commission will establish a temporary emergency fund to help financially strapped Texans pay their electricity bills as the coronavirus pandemic spreads across Texas. Source: FuelFix
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Drilling rig operators make budget cuts ahead of rig count plummet
Drilling rig operators are making budget cuts and bracing for the worst as a global supply glut of crude oil and falling demand from the coronavirus pandemic are expected to cause the U.S. rig count...
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U.S. Halts Plan to Buy Crude Amid Uncertainty Over Funding
(Bloomberg) — The Trump administration halted plans to start buying oil to top up the nation’s emergency stockpile after failing to win funding from Congress, throwing a wrench in its most tangible efforts to help...
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Record 5.0-magnitude earthquake hits near Permian Basin town
A record-setting 5.0-magnitude earthquake hit near the Permian Basin town of Orla Thursday morning. Source: FuelFix
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