An oilfield facility in South Texas near the community of Peggy which is located just north of Three Rivers caught fire around noon on Tuesday. There were reported explosions and huge flames seen at the facility. Due to the massive size of the fire and clouds of black […]
More than 100 barrels of drilling fluid poured out of a natural gas well before it ignited and killed five people, a volume of fluid that should have triggered alarms at the drilling site in Oklahoma, federal investigators said Thursday. Texas Oilfield Caps | Click Here The Chemical […]
Don’t mess with Texas. It’s a global oil superpower. The shale oil boom has brought a gold rush mentality to the Lone Star State, which is home to not one but two massive oilfields. Plunging drilling costs have sparked an explosion of production out of the Permian Basin […]
Welcome to the Oilfield1 Weekly Report. Providing you the latest U.S. oil prices, rig counts & more. Weekly Sponsor: Texas Oilfield Caps Current U.S. Oil Price: $69.63 US Rig Count: 1,197 (-2) Permit count: 847 (-15) Rigs Waiting to Spud: 31
Epic Midstream Holdings LP said last year it would build its first oil pipeline in America’s most active oil field. It won’t be finished until next year, but already Epic Midstream is considering making it bigger. The upstart company, backed by private equity, had been planning to build […]
The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to generate enough cash to […]
An oil rig caught on fire in Howard County at around 9:30 a.m. Monday July 23rd. The Howard County Volunteer Fire Department told us that the fire was put out at around 12:30 p.m. The Howard County VFD and emergency personnel from Martin County and Dawson County responded […]
An international tribunal has determined that Petrobras, Brazil’s state-run oil company, is liable to pay $622 million to settle a contractual dispute with a deepwater drilling contractor operating out of Houston. Texas Oilfield Caps The tribunal, convened in Houston through the International Center for Dispute Resolution, concluded 2-1 […]
Welcome to the Oilfield1 Weekly Report. Providing you the latest U.S. oil prices, rig counts & more. Weekly Sponsor: Texas Oilfield Caps Current U.S. Oil Price: $73.60 US Rig Count: 1,172 (-2) Permit count: 952 (-267) Rigs Waiting to Spud: 74
Houston gas prices are expected to climb higher on July 4, hitting $3 a gallon at some stations as drivers gear up for road trips on one of the year’s busiest travel days. The price of regular unleaded in the Houston area is expected to average $2.69 a […]
