In The News

Thursday, 07/31/2014

(July 29, 2014 – WSJ “Money Beat”) Cushing Oil Supplies Squeeze Market

U.S. oil production is booming. But for physical traders, there isn’t enough oil in the one place that it matters: Cushing, Okla.

Storage supplies in Cushing, the physical delivery point for the benchmark New York Mercantile Exchange contract, have plummeted from 41.8 million barrels in late January to 18.8 million barrels, the lowest level since 2008, thanks to new pipeline capacity.

London-based consulting firm Energy Aspects says 18 million barrels is Cushing’s operational...

Friday, 07/25/2014

(July 14, 2014 – Platts) New Frontiers: Looking at the oil prospects in the Delaware Basin (By: Starr Spencer)

In another look at a highly prospective formation in the US, Starr Spencer reviews the outlook for the Delaware formation, part of the Permian basin, in this week’s Oilgram News column, New Frontiers.

If you’re an oil prospector these days and someone says “Delaware,” chances are what comes to mind won’t be the US’ tiny First State located south of Philadelphia but rather a West Texas/New Mexico basin that is...

Wednesday, 07/09/2014

(July 7, 2014 – WSJ) North Dakota Fracking: Behind the Oil-Train Explosions (By Russell Gold and Chester Dawson)

Volatile Gases Aren't Removed From Bakken Shale Crude; 'The Regulations Are Silent'

When energy companies started extracting oil from shale formations in South Texas a few years ago, they invested hundreds of millions of dollars to make the volatile crude safer to handle.

In North Dakota's Bakken Shale oil field, nobody installed the necessary equipment. The result is that the second-fastest growing source of crude in the U.S. is...

Friday, 06/27/2014

(June 25, 2014 – USA TODAY) Companies 'work around' U.S. oil export ban (By Wendy Koch)

Companies and federal officials are finding a way around a 1970s-era U.S. ban on crude oil exports by slightly processing some of the rising amounts of oil extracted from the nation's shale deposits.

Read the full story here:

Companies such as Pioneer are investing in...

Thursday, 06/26/2014

(June 24, 2014 – WSJ) U.S. Ruling Loosens Four-Decade Ban On Oil Exports (By Christian Berthelsen and Lynn Cook)

Shipments of Unrefined American Oil Could Begin as Early as August

The Obama administration cleared the way for the first exports of unrefined American oil in nearly four decades, allowing energy companies to start chipping away at the longtime ban on selling U.S. oil abroad.

Read the full story here: http...