Featured

ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion – WSJ

The acquisition gives ConocoPhillips, the largest oil producer in Alaska, a much larger footprint in the hottest oil field in the U.S., the Permian Basin of Texas and New Mexico. The combined company would be the largest U.S. oil independent, with output in the Permian second only to Occidental Petroleum Corp. , according to a JPMorgan Chase & Co. […]

Read More ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion – WSJ

COLUMN-Asia’s imports of U.S. crude hit record, but pullback likely: Russell – Reuters

Asia’s crude oil imports from the United States climbed to a record in August, but that may be as good as it gets for some time – and it’s not just the escalating trade war between Washington and Beijing to blame. — Read on http://www.reuters.com/article/column-russell-crude-usa-asia/column-asias-imports-of-u-s-crude-hit-record-but-pullback-likely-russell-idUSL3N25U1CC

Read More COLUMN-Asia’s imports of U.S. crude hit record, but pullback likely: Russell – Reuters

In an energy-hungry world, natural gas gaining the most – Axios

Natural gas was the fastest-growing energy source in the world last year — when global energy consumption rose at its fastest pace in nearly a decade, according to a new International Energy Agency report. Driving the news: Natural gas accounted for 45% of all energy consumption growth in 2018. Most regions and many industries, including the […]

Read More In an energy-hungry world, natural gas gaining the most – Axios

Strengthening the Energy Sector’s Cyber Preparedness

The Department of Energy (DOE) in March 2018 released a 52-page report outlining its multi-year strategy to improve cybersecurity. In the report’s introduction, Assistant Secretary Bruce J. Walker noted that — Read on http://www.powermag.com/

Read More Strengthening the Energy Sector’s Cyber Preparedness
Featured

Why Chevron Bought Anadarko

Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on http://www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/

Read More Why Chevron Bought Anadarko
Featured

CEO of oil group sees no slowdown in US production

The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific… — Read on apnews.com/132936c2afcb4f44bc3eb01f05b9156d

Read More CEO of oil group sees no slowdown in US production

U.S. energy companies produce more oil even as they cut spending

U.S. shale energy companies are cutting their spending levels in 2019, but they’re still planning on increased oil and gas output as the nation continues to hit new production records. Shale energy companies plan to cut their capital spending by 5 percent on average after crude prices plunged late last year, even though Big Oil […]

Read More U.S. energy companies produce more oil even as they cut spending
Featured

The Oil And Gas Situation: Is A Train Wreck Around The Corner?

Sooner or later, Russia, Saudi Arabia and the other party nations to the OPEC-Plus export limitations agreement are going to exhaust their running room for additional cuts. When that happens, the U.S. shale boom will probably come to a rapid halt. — Read on http://www.forbes.com/sites/davidblackmon/2019/02/22/the-oil-and-gas-situation-is-a-train-wreck-around-the-corner/amp/

Read More The Oil And Gas Situation: Is A Train Wreck Around The Corner?
Featured

Midland crushes nation in creating new jobs – HoustonChronicle.com

Midland led the nation in job growth, with employment in the West Texas county surging by nearly 12 percent — more than seven times the national average, the Labor Department reported Wednesday. — Read on http://www.houstonchronicle.com/business/energy/article/Midland-crushes-nation-in-creating-new-jobs-13632304.php

Read More Midland crushes nation in creating new jobs – HoustonChronicle.com

Oklahoma man convicted in multi-million-dollar oil and gas fraud | KOKH

The U. S. Attorney’s Office announced a jury convicted Justin Lane Foust, 42, of Sulphur, Oklahoma, of wire fraud, money laundering, and aggravated identity theft in connection with fraud against Chesapeake Energy. Foust was employed by Chesapeake Operating, Inc, a wholly owned subsidiary of Chesapeake Energy Corporation, from April 2002 until September 2011. Foust formed […]

Read More Oklahoma man convicted in multi-million-dollar oil and gas fraud | KOKH