In The News

Friday, 04/13/2018

April 5, 2018 – Reuters

Texas oil output surge clogs pipelines, depresses prices

By: Devika Krishna Kumar

NEW YORK (Reuters) - The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected.

That has depressed prices there, posing a threat to future production, while providing a boost to pipeline companies as the lines have filled to near-capacity.

With few new pipeline...

Friday, 04/13/2018

April 2, 2018 – Natural Gas Intelligence

Natural Gas Production Weighs on Bidweek Prices as Market Takes Stock of Winter

By: Jeremiah Shelor

A hefty storage deficit combined with near-record production had April natural gas bidweek traders taking stock of the market’s supply and demand balance on the cusp of injection season; the NGI National Bidweek Average shaved off 7 cents month/month to $2.36/MMBtu.…

Read the full article here: ...

Thursday, 03/08/2018

March 7, 2018 – Forbes

Infrastructure Investments Key To Building America's Energy Dominance

By: Dan Eberhart

Since Washington lifted the decades-old restrictions on the export of U.S. crude oil more than two years ago, overseas trade in oil has boomed. The United States is now exporting about 2 million barrels a day of crude oil, making America a major supplier in international oil markets.

American crude oil, along with condensate and natural gas liquids have disrupted global trade patterns, seizing a bigger share of some...

Thursday, 03/08/2018

March 6, 2018 – Financial Times

US oil pipelines pivot south as shale surges

By: Gregory Meyer

The plumbing of the US oil market is pivoting. Old pipelines have been reversed to deliver crude to Gulf of Mexico terminals. New ones also point at the coast. 

The changes are cementing the stature of the US in world oil markets, feeding exports of crude from shale fields and fuel made by coastal refineries. More pipelines and expanded ports have enabled American oil producers to reach 10m barrels a day in output, in league with Saudi Arabia...

Thursday, 03/08/2018

March 6, 2018 – Rigzone

TWITTER POLL: Would Oil, LNG, LPG Exporters Pay for Proposed US Tariffs?

By: Matthew V. Veazey

A slim majority of the 116 respondents to a recent poll on Rigzone’s Twitter page do not expect U.S. exporters of crude oil, liquefied natural gas (LNG) and propane to experience blowback from proposed U.S. tariffs on imported steel and aluminum.

On March 1, President Trump confirmed that the U.S. will impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports. The announcement followed a mid-...