The nation’s two largest oil companies said Tuesday they plan to significantly hike their activity in West Texas’ Permian Basin and dominate the region, spending even more money while others cut back. Visit Oilfield1 Shop Both Exxon Mobil and Chevron said they will each churn out close to […]
Houston liquefied natural gas company Cheniere Energy is expected to sign an $18 billion LNG supply deal with China, two media outlets are reporting. Visit Oilfield1 Shop Cheniere declined to comment but both The Wall Street Journal and S&P Global Platts report that the Houston company is close […]
Of course we at Oilfield1 love our environment & we are totally for green energy, renewable energy, alternative energy or what ever you want to call it. But the reality is the world cannot yet produce enough green energy to keep up with the energy demands of today’s […]
Houston’s Marathon Oil said Monday it will sell its United Kingdom assets in the North Sea and near the Shetland Islands for about $140 million. Visit Oilfield1 Shop The sale to London-based RockRose Energy continues Marathon’s intensified focus on its U.S. shale acreage in Texas, Oklahoma, North Dakota. […]
U.S. President Donald Trump resumed his attacks on OPEC, saying the world is too fragile to handle a price hike and urging the cartel to “relax and take it easy.” Visit Oilfield1 Shop Trump’s war of words with the Organization of Petroleum Exporting Countries punctuated big price swings […]
According to the Department of Public Safety, a head-on crash Monday on State Highway 359 killed two people and sent several others to the hospital, including a 15-month-old child. Visit Oilfield1 Shop For an hour, both sides of Highway 359 were closed off as DPS investigated the crash […]
West Texas oilfield industry led the nation in job growth, with employment in the Midland County area surging by nearly 12 percent — more than seven times the national average, the Labor Department reported Wednesday. Visit Oilfield1 Shop The surge was driven by the oil production boom in […]
For those who consistently accuse the fossil fuels industry of being greedy and selfish, here’s a statistic for you: in fiscal year 2018, the Texas oil and natural gas industry paid over $14 billion in state and local taxes and state royalties, a staggering $38 million each day […]
Two pipeline companies have entered into a joint venture that will move more natural gas from the Eagle Ford Shale of South Texas to the Agua Dulce hub and Mexico. Visit Oilfield1 Shop San Antonio pipeline operator Howard Energy Partners and Florida-based NextEra Energy Partners announced the joint […]
Crude oil production in Texas has beaten a previous record set in the 1970s, a new report from the Texas Independent Producers Royalty Owners Association stated. Texas Oilfield Caps Texas oil wells produced more than 1.54 billion barrels of crude in 2018, beating the previous record of 1.28 […]
