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 […]
Size matters when determining whether energy companies can truly turn profits in U.S. shale oil and gas drilling, according to a new report from the Norwegian research firm Rystad Energy. Visit Oilfield1 Shop That need for scale is why the largest Big Oil majors like Exxon Mobil and […]
A pair of pipelines to move crude oil and natural gas liquids from the Permian Basin to Corpus Christi have received their final federal permits. Visit Oilfield1 Shop San Antonio pipeline operator EPIC Midstream Holdings LP announced on Wednesday that the company had obtained the final permits needs […]
New York investment firm Blackstone has funded a new company to provide water management and infrastructure services to oil and natural gas sites in the arid Permian Basin of West Texas. Visit Oilfield1 Shop Blackstone announced on Tuesday that firm’s energy arm Blackstone Energy Partners LP has invested […]
During the State of the Union Address President Trump stated that the United States is now the world leader of producing oil & gas. Puro Pinche Oilfield Caps
Big Oil is starting to see its billions worth of investments in the Permian Basin pay off as production soared and the fourth quarter of 2018 brought higher-than-expected profits. Oilfield1 Shop Chevron Corp., one of the biggest producers in the region, as well as Exxon Mobil and Royal […]
Houston exploration and production company Oasis Petroleum is doubling down on drilling more than 20,000 acres of Permian Basin oil leases that it bought for nearly $1 billion. Oilfield1 Shop The company is seeking permission from the Railroad Commission of Texas to drill eight new horizontal wells on […]
A year ago, the U.S. government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. Visit Oilfield1 Shop The Energy Information Administration now estimates output will top out at 14.53 million barrels a day in 2031, […]
National Energy Board approves pre-construction pipeline work starting at the end of January Visit Oilfield1 Shop Calgary-based TransCanada says it’ll start clearing trees and foliage next week for the northern route of its planned Keystone XL pipeline. On Monday, the National Energy Board announced it had approved the […]
After years of gloom, the oil industry’s out of its slump. Oilfield1 Shop Three-quarters of senior oil and gas professionals surveyed by energy and maritime services company DNV GL AS say they are optimistic about the sector’s growth in 2019, their sunniest outlook since before the crude-price collapse […]
