Fracing’s Secret Problem—Wells Aren’t Producing as Much as Companies Forecast
From The Wall Street Journal Thousands of shale wells drilled in the last five years are pumping less oil and gas than their owners forecast to investors, raising questions about the strength and profitability of the fracking boom that turned the U.S. into an oil superpower. The Wall Street Journal compared the well-productivity estimates that top shale-oil companies gave investors
Currant Announces Industry’s First AI-Powered Smart Wall Outlets for Homes and Commercial Businesses
Currant Announces Industry’s First AI-Powered Smart Wall Outlets for Homes and Commercial Businesses
Chesapeake Energy, Fracing Pioneer, Bet on Oil. Then Prices Plunged
From The Wall Street Journal Chesapeake Energy Corp. CHK +3.58% , best known for its trailblazing pursuit of natural gas from shale formations, is making a big bet on the oil below the rolling grasslands of eastern Wyoming. Its timing doesn’t look great. U.S. oil prices have fallen more than 40% since early October to close at $45.41 a barrel on Monday, straining the
Martin Midstream Partners L.P. Completes Acquisition of Martin Transport, Inc.
Martin Midstream Partners L.P. Completes Acquisition of Martin Transport, Inc.
U.S. Gulf Refiners Feast on Domestic Oil
From Bloomberg U.S. light oil has become too cheap for Gulf Coast refiners to pass up. Fuel makers on the Gulf, home to the largest cluster of refineries in the world, processed oil with an average API gravity of 33.06 in October, according to the Energy Information Administration. The measure of oil density matches a record set in February, when
OPEC+ Caps Prove No Barrier to Record Russian Oil Output in 2018
From Bloomberg Russia’s oil production reached a post-Soviet high last year even as it coordinated supply with the Organization of Petroleum Exporting Countries. Output averaged 11.16 million barrels a day, up 1.6 percent from 2017, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That compares with an all-time high of 11.416 million barrels a day in 1987, BP
Total Starts Production at Nigeria’s Deepwater Egina Oilfield
From Reuters Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria’s coast, part of a shift by the French energy firm toward deepwater oil and gas projects to its drive cashflow. Output from Egina, which is located in waters about 1,600 meters (5,250 ft) deep, is expected to plateau at 200,000 barrels per day
Oil Jumps as Saudis Cut Exports
From Bloomberg Brent, WTI surge more than 2% on signs OPEC meeting pledge Crude had been down on weak Chinese manufacturing data Oil prices rallied on the first trading day of 2019 on signs that Saudi Arabia was fulfilling a pledge to cut exports and U.S. equities pared some of their losses. Global benchmark Brent crude climbed almost 4 percent
Tech Air Announces Acquisition of Tri-Star Gases
Tech Air Announces Acquisition of Tri-Star Gases
Trilliant to Deliver SecureMesh® Neighborhood Area Network (NAN) Platform to Provident Energy Management Inc
Trilliant to Deliver SecureMesh® Neighborhood Area Network (NAN) Platform to Provident Energy Management Inc
Global Floating Storage Regasification Unit Market 2018-2022| Key Insights| Technavio
Global Floating Storage Regasification Unit Market 2018-2022| Key Insights| Technavio
