A Houston oil executive was sentenced to state prison for defrauding investors who thought they were paying for the drilling and testing of wells — but instead paid the executive’s mortgage. Daniel Walsh, the CEO of Houston-based Western Capital Inc., was sentenced to 18 years in state prison […]
Four oilfield workers from Texas and the driver of tractor-trailer rig are dead following a fiery head-on crash on a New Mexico road in the heart of what has become the busiest oil and gas region in the United States, authorities said Friday. The crash happened Thursday morning […]
Is the promise of the Permian is shrinking??? Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns, and keeping skeptical investors away. The constraints are manifold: pipeline limits, reduced flow from wells drilled […]
A Kinder Morgan natural gas pipeline facility in Karnes County caught fire Thursday morning. About 5:40 a.m., emergency dispatchers received warning of the blaze and dispatched firefighters and sheriff’s deputies to the facility, said Emergency Management Coordinator and County Commissioner Shelby Dupnik. Located at 8724 County Road 326 […]
Oil extended gains after closing at a seven-week high as a third of the Gulf of Mexico’s crude output was halted by a storm and U.S. crude inventories declined more than expected. Rig Square Caps 🔥🔥🔥 Futures in New York rose as much as 0.8% after settling above […]
The top Big Oil operators in the Gulf of Mexico said Tuesday they are evacuating workers from most of their deepwater platforms in response to this hurricane season’s first looming disturbance in the area. Visit Oilfield1 Shop The storm, which would be named Barry if it continues to […]
U.S. oil production surpassed 12 million barrels a day in April, further extending the nation’s record output during the fracking boom, the U.S. Energy Information Administration reported Monday. Texas Oilfield Caps 🔥🔥🔥 The 12.2 million barrels a day mark comes less than a year after the United States […]
The U.S. rig count continued its slump this week led by the loss of active drilling rigs in Oklahoma and the Gulf of Mexico. Awesome Oilfield Caps Oklahoma’s disappointing oil results of late have let New Mexico surpass the Sooner state this week as the second-most-active driller behind […]
Oil had its worst reaction to an OPEC meeting in more than four years, with prices sliding just after the cartel agreed to prolong production curbs as fears about the global economy mount. Oilfield1 Caps 🔥🔥🔥 Futures closed down 4.8% in New York, the steepest decline since May […]
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