Gov. Greg Abbot (R-TX) had a stellar opening week of June. With few exceptions, the governor lived up to his state’s reputation for defending freedom. Checkout Awesome Texas Caps In a series of tweets last week that ended up going viral, Abbott announced that he had signed legislation […]
The oil and gas firm controlled by Dallas Cowboys owner Jerry Jones will buy another Dallas firm for about $1.6 billion to become a leading natural gas producer in the Haynesville shale. Visit Oilfield1 Shop The publicly traded Comstock Resources, of which Jones acquired a controlling stake last […]
An appeals court has lifted a judge’s injunction that blocked construction of the Keystone XL oil pipeline from Canada. Oilfield1 Shop But it’s not clear whether the 9th U.S. Circuit Court of Appeals’ ruling Thursday will have any immediate effect. TC Energy, the company that wants to build […]
Anadarko Petroleum Corp. Chief Executive Officer Al Walker will receive a golden parachute worth $98 million following the oil producer’s $38 billion sale to U.S. rival Occidental Petroleum Corp. Visit Oilfield1 Shop The payout is part of $300 million to be shared among six Anadarko senior executives, also […]
The Port of Corpus Christi has started work on a $380 million project to deepen and widen its ship channel to allow for two-way supertanker traffic. The project should be completed in 2022. Visit Oilfield1 Shop Port officials and community leaders held a Wednesday morning ceremony where dignitaries […]
The U.S. Coast Guard is searching for a man who vanished near an offshore drilling platform in the Gulf Coast near Louisiana. Visit Oilfield1 Shop The Coast Guard’s New Orleans office was notified at about 6:26 a.m. Wednesday morning that a 54-year-old man was in the water near […]
Oil spiraled to its worst daily performance of the year as mounting trade tensions between the world’s biggest economies sent investors fleeing from risky assets. Oilfield1 Shop Futures in New York fell almost 6% on Thursday for the steepest decline since Dec. 24. Equity markets also slumped, with […]
Rattler Midstream Partners LP raised $665 million in the biggest energy initial public offering of the year, pricing an increased number of shares in the middle of its targeted range. Texas Oilfield Caps Rattler was formed by Diamondback Energy Inc. to own, operate and acquire midstream assets in […]
Pioneer Natural Resources laid off more than 200 workers today – some 25% of its workforce. Awesome Oilfield Caps Seventy employees in the Permian Basin were cut and 160 at corporate headquarters in Irving, according to the Dallas Morning News. That’s on top of 300 workers who took […]
U.S. oil production is expected to surge to new records through the rest of this year and into 2020 with healthier crude prices and the cost of profitably drilling a shale oil well falling to a modern low. Visit Oilfield1 Shop Led by Texas’ booming Permian Basin, the […]
