U.S. drillers dispatch 9 oil rigs, with 6 in Permian Basin
Drillers put nine oil rigs back to work in U.S. fields last week, with the majority heading to the Permian Basin in West Texas, Baker Hughes said Friday. The increased drilling activity brings the fleet...
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NRG Energy profits rise on asset sales
NRG Energy said Friday that sales of assets boosted its third quarter profit, even though a milder than expected summer and lower prices hurt power sales and revenues. NRG said it earned $393 million, up...
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Multi-billion dollar deals defined third quarter for some major utilities
For major utility and pipeline companies, multi-million and multi-billion dollar deals defined the third quarter, according to a report released this week by PricewaterhouseCoopers, an audit and consulting firm. The report tracks 22 deals that...
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Apache ‘disappointed’ in Earthworks tactics at Balmorhea
The environmental activist nonprofit Earthworks released a report on Thursday reinvigorating concerns that oil and gas production around West Texas’ Balmorhea State Park could pollute the springs that feed the park’s famous swimming pool. Balmorhea...
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The record oil inventory build that never was
Yesterday’s weekly EIA inventory report showed a 14.4 million-barrel build to oil inventories, the largest since weekly records began in 1982. Here at ClipperData, we use U.S. Customs bills to report oil imports in a...
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