Rig count up 15; Louisiana, Texas lead
The number of oil and gas rigs in U.S. fields rose for the 11th straight week as oil companies, especially in Texas and Louisiana, continue to drill despite a recent dip in oil prices. This...
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Where have drilling costs dropped the most? Midland Basin, of course
The costs of producing oil in the major U.S. shale fields have dropped by almost half over the past two years, but none as much as West Texas’ Midland Basin, a part of the prodigious...
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West Texas oil production outgrowing pipeline capacity
Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago. West Texas Intermediate crude at Midland, Texas, the heart of the...
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Public Utility Commission says NextERA/Oncor deal will not help ratepayers
The Public Utility Commission intends to block Florida-based NextEra Energy’s move to acquire Oncor, Texas’ largest utility owned by Dallas-based Energy Future Holdings. During a meeting on Thursday, Texas’ three commissioners said they agreed that...
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Oil prices settle above $50 a barrel
U.S. oil prices settled above $50 a barrel on Thursday after nearly three weeks of trading below that level, which analysts consider a psychological threshold for the oil industry. Traders reacted to media reports that...
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