U.S. Energy Information Administration | EIA: Oil price weakness to affect global upstream activity.
The long-anticipated “now-or-never” moment for debt-heavy US shale oil producers is upon them, with efforts to shore up balance sheets meeting mixed results. US independents’ ability to service their debt has gained top priority, as many, even those with stronger balance sheets, are borrowing more following the collapse in crude prices. Key Permian operator Pioneer […]Read more "Debt takes priority for US upstream independents |Argus Media"
Railroad Commissioner Ryan Sitton invited to OPEC’s June meeting – Houston Chronicle — Read on m.chron.com/business/energy/article/Railroad-Commissioner-Ryan-Sitton-invited-to-15146887.phpRead more "Railroad Commissioner Ryan Sitton invited to OPEC’s June meeting – Houston Chronicle"
When car enthusiast John Hennessey started a YouTube channel more than a decade ago, he just wanted his Sealy auto modification shop to keep up with the times. Fast forward 12 years and Hennessey’s social media presence has exploded to 340,000 YouTube subscribers and 1 million Instagram followers watching his mechanics modify high-end cars and […]Read more "Courting millennials, Shell, Phillips 66 turn to social media influencers – HoustonChronicle.com"
Encana Corp. says its wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., has signed a deal to sell its natural gas assets in Oklahoma’s Arkoma Basin for $165 million. — Read on http://www.cbc.ca/news/canada/calgary/encana-newfield-sells-oklahoma-arkoma-basin-assets-1.5203644Read more "Encana subsidiary selling assets in Oklahoma’s Arkoma Basin for $165M | CBC News"
SALT LAKE CITY (AP) — The Trump administration is committed to making fossil fuels cleaner rather than imposing “draconian” regulations on coal and oil, U.S. Energy Secretary Rick Perry said… — Read on apnews.com/491888c04e3244d4a4e473e7978f47ccRead more "Energy secretary: US aims to making fossil fuels cleaner"
The U.S. dropped five oil rigs and gained one gas rig for a net loss of four rigs this week. — Read on http://www.rigzone.com/news/us_drillers_drop_five_rigs-24-may-2019-158915-article/Read more "US Drillers Drop Five Rigs | Rigzone"
Texas represented nearly 20% of all U.S. exports in the January-February period while California dipped to 11%. — Read on http://www.cnbc.com/2019/04/25/texas-exports-boosted-by-oil-rise-3-times-faster-than-us-increase.htmlRead more "Texas exports, boosted by oil, rise 3 times faster than US increase"
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/132936c2afcb4f44bc3eb01f05b9156dRead more "CEO of oil group sees no slowdown in US production"
Innovation, investment and inviting geology have given new life to an oil patch that once seemed spent. The oil field is now the world’s second most productive. MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught, and even […]Read more "How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market – The New York Times"