News
Parsley Energy ‘on tear’; will spend $2.8 billion on Permian land
Parsley Energy is buying rights to undeveloped acres in the heart of West Texas’ Permian Basin from Double Eagle Energy for $2.8 billion, continuing a run of high-priced acquisitions in the area. It is the...
Click here 0 2,736
Crude oil inventories skyrocket
The nation’s crude oil stockpiles took a big jump last week with the addition of 13.8 million barrels of oil in storage, according to the Energy Department. That represents a 2.8 percent increase in commercial...
Click here 0 2,767
Expect more big deals in 2017, Moody’s says
Higher oil and gas prices should bring bigger energy mergers and acquisitions as 2017 stretches out, according to a new report, including pipeline consolidations and big deals among oil explorers and producers. Pipeline companies will...
Click here 0 2,746
Barry Smitherman, former Texas energy official, in running to chair FERC
WASHINGTON – Former Texas Railroad Commission chairman Barry Smitherman is under consideration to be the next chairman of the Federal Energy Regulatory Commission. Smitherman, a Houston lawyer and former Harris County prosecutor, met with President...
Click here 0 2,801
Market Currents: LPG exports on the rise
Oil is getting tonked for a second consecutive day, as prices have run into resistance at the top of their trading range, sending them staggering lower once more. With record net-long speculative positioning, a couple...
Click here 0 2,817
