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Trump to visit oil-rich Permian Basin to visit rig, talk energy | Fox Business

President Trump is expected to visit the Permian Basin in West Texas Wednesday and make a stop at the Double Eagle Energy in Midland, the White House announced. During his visit, the president will tour an oil rig and address how the U.S. has become a dominant energy power, from reducing regulation, expediting the approval of […]

Read More Trump to visit oil-rich Permian Basin to visit rig, talk energy | Fox Business
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Energy Transfer weighs crude storage in idle pipelines | Argus Media

US midstream company Energy Transfer is weighing a plan to store crude in idle pipelines as shippers scramble to find available storage.  The company is looking for ways to idle two pipelines in Texas by “moving product around” and use them as storage space by mid-May, Energy Transfer told Argus today. The two lines would provide about […]

Read More Energy Transfer weighs crude storage in idle pipelines | Argus Media

Overshadowed by Permian, but Eagle Ford making its own comeback – HoustonChronicle.com

CALDWELL — Three years ago, Allen Startz found himself in an unwanted kinship with thousands of other oilfield workers in South Texas’ Eagle Ford shale — laid off with few prospects nearby. He left his home in Bryan to work in the Permian Basin in West Texas, making plenty of money, but growing exhausted from […]

Read More Overshadowed by Permian, but Eagle Ford making its own comeback – HoustonChronicle.com

Promoters of $1.4 billion railroad in Utah’s oil country want state help – The Salt Lake Tribune

Vernal • Uinta Basin officials are pushing a project they say could quintuple oil production here, bring higher prices and create 27,000 jobs. The plan? Building a 150-mile railroad to allow transporting oil from the basin to out-of-state markets. There’s one big hitch: It carries a price tag of $1.4 billion. Supporters say that’s a […]

Read More Promoters of $1.4 billion railroad in Utah’s oil country want state help – The Salt Lake Tribune

U.S. oil service firms face tough quarter despite high crude prices | Reuters

HOUSTON (Reuters) – Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and […]

Read More U.S. oil service firms face tough quarter despite high crude prices | Reuters

U.S. business group says Trump China tariffs cost $1.4 bln/month | Reuters

WASHINGTON, Oct 11 (Reuters) – A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month. The group says that in Michigan, a state with several competitive elections […]

Read More U.S. business group says Trump China tariffs cost $1.4 bln/month | Reuters

Report: Permian will need $300B over next 5 years to maintain growth – Midland Reporter-Telegram

The Permian Basin will need $310 billion over the next five years in order to continue to grow and potentially add 3 million barrels of oil production by 2023. The investments would fund the drilling and completion of up to 41,000 new oil wells in the West Texas region, according to a new report by […]

Read More Report: Permian will need $300B over next 5 years to maintain growth – Midland Reporter-Telegram

Colorado to vote in November on proposal to toughen oil drilling rules | Reuters

(Reuters) – A Colorado ballot initiative that would sharply increase the required distance between new oil wells and populated areas will go before voters in November, Colorado officials said on Wednesday. The proposal, opposed as anti-fracking by oil and gas producers, would require new projects to be at least 2,500 feet (762 m) from buildings, […]

Read More Colorado to vote in November on proposal to toughen oil drilling rules | Reuters

Trump’s Tariffs Raising Costs For The U.S. Oil And Gas Industry – And Americans

We’re now seeing the impacts of the steel tariffs flow through and they’re affecting, of course, tubulars and other steel products that we use. We can see steel easily compared to last year would be 20% to 25% over last year’s cost for the same products,” Timothy Dove, CEO, Pioneer Natural Resources, leading producer in […]

Read More Trump’s Tariffs Raising Costs For The U.S. Oil And Gas Industry – And Americans