Post Tagged with: "West Texas"

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

From Reuters


In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.

School officials had expected …

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

From Reuters


Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an …

August 20, 2019 - 6:01 am Closing Bell Story‎, Crude Oil News, Energy News, Midstream
U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

From Reuters


Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.

The United States imposed tariffs on imported …

Source: Occidental Petroleum

Oxy Lowers Production Guidance on Legacy Anadarko Assets

From The Houston Chronicle


With Occidental Petroleum finalizing its $38 billion acquisition of Anadarko Petroleum last week, Oxy is now lowering its oil and gas production guidance for the legacy Anadarko assets.

For the rest of this year, Oxy said …

New U.S. Pipelines Poised to Start Price War for Shale Shippers

New U.S. Pipelines Poised to Start Price War for Shale Shippers

From Reuters


The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.

These bargain …

Texas Shale Pioneers Struggle to Appease Investors

Texas Shale Pioneers Struggle to Appease Investors

From Reuters


Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas.

Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing …

Covia Comes Off Frac Sand Plant Idlings for Q3 Results

Covia Comes Off Frac Sand Plant Idlings for Q3 Results

Frac sand provider Covia Holdings Corporation (stock ticker: CVIA) reported Q3 2018 results and held its earning call on Wednesday.

President and CEO Jenniffer Deckard discussed Covia’s spot pricing in the Permian, how it is coming off of idling some

November 15, 2018 - 2:48 pm Closing Bell Story‎, Oilfield Services
Enterprise Mulls Advancing Permian NGL Pipeline Conversion to Crude

Enterprise Mulls Advancing Permian NGL Pipeline Conversion to Crude

From Reuters

 

NEW YORK (Reuters) – Enterprise Products Partners LP said on Wednesday it could convert one of its natural gas liquids (NGL) pipelines to crude oil out of the Permian basin as early as the second quarter of …

November 1, 2018 - 1:46 pm Closing Bell Story‎
Anadarko Q2 DJ Production Averaged 261 MBOEPD

Anadarko Q2 DJ Production Averaged 261 MBOEPD

Delaware Basin jumps 88% to 62 MBOEPD

Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion.

Highlights

Magellan Midstream Looks to Expand West Texas Pipeline System

Magellan Midstream Looks to Expand West Texas Pipeline System

From PR News Wire

Magellan Midstream Partners, L.P. (NYSE: MMP) announced today a new open season to solicit additional commitments from shippers to potentially further expand the western leg of its refined petroleum products pipeline system in Texas. Binding commitments …

June 4, 2018 - 12:08 pm Closing Bell Story‎, Energy News
No Quick Fix for the Expensive Bottleneck in the Permian Basin

No Quick Fix for the Expensive Bottleneck in the Permian Basin

From Dallas News

Success is catching up with the Permian Basin, the prolific U.S. oilfield that’s out-producing many Middle Eastern nations.

With oil prices climbing, the basin has become an expensive bottleneck as drillers try to pump more crude and …

June 1, 2018 - 2:09 pm Closing Bell Story‎, Energy News
Millennials and ‘Especially Students’ Are Responsible for Oil and Gas Worker Shortage: RRC’s Christian

Millennials and ‘Especially Students’ Are Responsible for Oil and Gas Worker Shortage: RRC’s Christian

Texas regulator says “misunderstanding” is making millennials shun oilfield jobs

From the Texas Tribune

Texas Railroad Commissioner Wayne Christian told House lawmakers on Wednesday that the biggest threat to a burgeoning oil boom is “the acceptance of the politically-correct-driven environmental …

April 20, 2018 - 9:07 am Closing Bell Story‎, Energy News, Jobs
Anadarko Petroleum Rakes in $976 Million in Q4

Anadarko Petroleum Rakes in $976 Million in Q4

Anadarko Petroleum Corporation (ticker: APC) reported fourth quarter of 2017 net income attributable to common stockholders of $976 million, or $1.80 per share (diluted).

Net cash provided by operating activities in the fourth quarter of 2017 was $1.4 billion.

For …

Permian Player Jagged Peak Energy Goes Public

Permian Player Jagged Peak Energy Goes Public

Jagged Peak Energy is developing 60,000 net acres in the Southern Delaware basin

Jagged Peak Energy (ticker: JAG), made its official debut today after the pricing of its IPO on the New York Stock Exchange. Jagged Peak also launched its …

Callon Petroleum Marketing Last Remaining Deepwater Asset

Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the offshore waters of the Gulf of Mexico. In 2009, Callon began a strategic initiative to diversify its …

April 30, 2013 - 5:41 pm Offshore, Oil and Gas 360 Articles