OPEC under pressure to act in Algiers as surplus grows
As OPEC prepares to meet in Algiers next week, the oil market is reminding the group’s members what’s at stake if they fail to reach a deal. More than 800,000 barrels a day of additional crude is...
View ArticleWTI up 3 percent this week
West Texas Intermediate rose 3 percent this week after contracts for November delivery closed Friday at $44.48 a barrel, down $1.84 (3.97 percent) for the day. October contracts expired Tuesday and...
View ArticlePermian Basin stays above 200 rigs
The Permian idled one rig this week but stayed above the 200-rig mark Friday, according to data from Baker Hughes. At 201 rigs, the Permian continues to have more rigs combined than all other major...
View ArticleEnergy executives optimistic about recovery
About 60 percent of oil and gas executives believe the oil and gas downturn is coming to an end, and that prices will recover in 2017, according to a survey conducted by the Deloitte consulting and...
View ArticleAnalyzing economic benefits can inform foster care redesign
More than 16,000 Texas children are presently in foster care. However, this crucial safety net for thousands of the state’s most vulnerable residents has experienced challenges in recent years....
View ArticleCompletions for Sept.25
Texas RRCD 7C Crockett County Amistad Energy Services LLC Shannon Estate “BB” #2601 Wildcat-Horizontal; 6749 fnl, 3012 fel, Sec 26, Blk BB, Abst. 4781, EL&RR, 20.5 ne Iraan; TD 9145 TVD; Comp...
View ArticleDevelopment Wells for Sept. 25
Texas RRCD 7C Concho County MERCURY OPER., LLC, DON PFLUGER (DETRITAL) (O) DRILL Well# 1 JANSA, 110 FSL 336 FEL, SEC 2122 BLK 72, F BOCKMIER SUR., A-61 5000', 8 SW EDEN API# 42-095-32429 Upton County...
View ArticleTimeshare salesman had lot of dishonest nerve
DEAR DAVE: My wife and I recently sat through a timeshare pitch at my mom and dad’s community as a favor to them. We’re trying to get out of debt and take control of our money, so when the salesman...
View ArticleAfter wage cases, energy sector makes biggest payouts to employees
For the past three decades, accommodation and food service companies accounted for nearly one-quarter of all wage and hour cases, more than any other industry. But when it comes to recovery of back...
View ArticleMexican shale fields may open next year
After years of delay, Mexico could open up its vast shale oil fields to U.S. drillers as soon as next year, the Mexican secretary of energy said Friday. Pedro Joaquin Coldwell, speaking to energy...
View ArticleParsley Energy buys Permian acreage for $2.8 billion
Double Eagle Energy Permian LLC, the Fort Worth oil explorer founded by a retired NFL player and his high school buddy, is selling 71,000 acres in Texas' oil-rich Midland Basin for $2.8 billion.
View ArticleBEG director: Don’t keep it in the ground
Seizing on the slogan "Keep it in the ground," the director of the Bureau of Economic Geology at the University of Texas proceeded to explain why the globe's fossil fuel resources shouldn't be kept in...
View ArticleService company to make move from Odessa to Midland
A energy services company told the Midland City Council on Tuesday of its intention to build its flagship office in Midland.
View ArticleIs the Permian land rush over?
Encana Corp. Chief Executive Officer Doug Suttles says drillers in Texas’s prolific Permian Basin can no longer impress investors with how much acreage they’re snapping up or how quickly they’re...
View ArticleLayne Christensen studying frac water recycling market
Water company Layne Christensen Layne jumped into the oil and gas business earlier this year, first drilling a half-dozen water wells for hydraulic fracturing operations in West Texas, then, in...
View ArticleNew Mexico introduces online bidding for state land auctions
The New Mexico State Land Office generated $2,464,950 from its monthly lease sale Tuesday, but there was a major change in the process, according to an agency press release. The sealed-bid portion of...
View ArticleOil prices in 2018: It's all about Texas
Crude oil production out of the U.S. is expected to hit record levels next year, buoyed in part by OPEC supply curbs that have put a floor under prices. For analysts forecasting prices next year,...
View ArticleFive who could define oil markets in 2018
Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale?
View ArticleUS oil production surges as companies use smaller workforce, fewer rigs
U.S. oil production surged to a 46-year record in October.
View ArticleEnergy Department: U.S. crude production nears two-year high
U.S. shale drillers are expected to hike crude production by the most since August this month as crude prices hover near a two-year high, the Energy Department said.
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