Texans for Natural Gas flies banner thanking all oil and gas essential workers for producing the energy and petroleum products that save lives! Did you know petroleum products are used all throughout healthcare? Well they absolutely are! Texans for Natural Gas, we think this was a great way to let the crews know…. that we […]Read more "Texans for Natural Gas flies banner over Midland-Odessa oilfields thanking oil and gas essential workers."
Happening now! This is exciting! More photos to come. THANK YOU Claire Heck from Inside Midland for sharing this in your stories! I sure wish I could be in Midland this morning for the official check presentation ceremony. It was Oil Country Media’s pleasure to help promote The Oilfield Photographer’s Front Porch Permian Campaign benefitting […]Read more "That’s a wrap! | The Oilfield Photographer’s Front Porch Permian Campaign benefitting Oilfield Helping Hands."
A deep dive into the nation’s oil and gas reserves and production recently was undertaken by Ernst & Young LLP, looking at reserve disclosure information from 2014 through 2018. That period ranges from the triple-digit prices of early 2014 through the crash to near $30 a barrel in early 2016 and the price recovery since […]Read more "Study details Permian’s role in reserves growth – Midland Reporter-Telegram"
Midland’s Concho Resources said Tuesday it will sell its more mature Permian Basin assets in New Mexico for $925 million to the Houston startup Spur Energy Partners. Concho, which has struggled financially of late, will use the funds to cut down on debt and initiate a share buyback program to help appease Wall Street, while […]Read more "Concho sells Permian assets to Houston’s Spur Energy for $925M – Midland Reporter-Telegram"
EPIC Midstream Holdings LLC on Thursday began shipping crude oil on its 400,000 barrel per day (bpd) pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices to the highest in six months, traders said. — Read on http://www.reuters.com/article/epiccrude-pipeline-startup/exclusive-epic-midstream-ships-first-crude-on-new-permian-line-to-gulf-coast-idUKL2N25B1SXRead more "EXCLUSIVE-EPIC Midstream ships first crude on new Permian line to Gulf Coast – Reuters"
Pipeline, terminal shortages will continue to hamper Permian growth – Houston Chronicle — Read on m.chron.com/business/energy/article/Pipeline-terminal-shortages-will-continue-to-14128272.phpRead more "Pipeline, terminal shortages will continue to hamper Permian growth – Houston Chronicle"
Plains All American Pipeline LP’s 670,000 barrel-per-day (bpd) Cactus II oil pipeline system from the Permian basin to the Corpus Christi, Texas area will commence line fill within a week, a source with direct knowledge of the matter said on Thursday. — Read on http://www.reuters.com/article/us-plains-all-amer-cactusii-exclusive/exclusive-plains-cactus-ii-oil-pipeline-to-begin-line-fill-in-a-week-source-idUSKCN1TS2XJRead more "Exclusive: Plains’ Cactus II oil pipeline to begin line fill in a week – source – Reuters"
NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd. The EIA forecast output in 2020 will rise […]Read more "EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters"
In a stunning escalation of the two-week-old contest for Anadarko, Buffett’s Berkshire Hathaway Inc. on Tuesday disclosed plans to inject $10 billion into Occidental in exchange for preferred stock and warrants. The bombshell landed in the midst of Anadarko board deliberations about whether Occidental — Read on finance.yahoo.com/news/bank-buffett-drops-10-billion-151622861.htmlRead more "Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle"
The Permian Basin Is Now the Highest Producing Oilfield in the World — Read on http://www.energyindepth.org/the-permian-basin-is-now-the-highest-producing-oilfield-in-the-world/Read more "The Permian Basin Is Now the Highest Producing Oilfield in the World"