In The News

NGI - Permian Hungry for Oil, Gas Takeaway Solutions as Rail, Trucking Struggle
Monday, 06/04/2018

June 1, 2018 – Natural Gas Intelligence

Permian Hungry for Oil, Gas Takeaway Solutions as Rail, Trucking Struggle

By: Carolyn Davis

Multiple oil pipelines are preparing to carry more of the Permian Basin’s roaring production to faraway markets, but capacity issues remain for liquids and in particular for natural gas, which could lead to a complete gas blowout by this fall and require flaring or shut ins, according to analysts.

Analysts have been sounding the alarm about Permian takeaway issues for months, as gas and oil price...

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Dallas News - 'It's not a quick fix': Demand grows, but Permian Basin drillers are stuck waiting on new pipelines
Monday, 06/04/2018

June 1, 2018 – Dallas News

'It's not a quick fix': Demand grows, but Permian Basin drillers are stuck waiting on new pipelines

By: Jeff Mosier

Success is catching up with the Permian Basin, the prolific U.S. oilfield that's out-producing many Middle Eastern nations.

With oil prices climbing, the basin has become an expensive bottleneck as drillers try to pump more crude and natural gas than what pipelines can send to refineries, storage tanks and ports.

Billions of dollars worth of new and expanded pipelines are in the works, but...

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NGi - Triple-Digit Build Expected as Natural Gas Futures Continue Slide; Spot Prices Mixed
Monday, 06/04/2018

May 30, 2018 – Natural Gas Intelligence

Triple-Digit Build Expected as Natural Gas Futures Continue Slide; Spot Prices Mixed

By: Jeremiah Shelor

After Tuesday’s sell-off, natural gas futures slid further Wednesday ahead of a weekly government storage report expected to show a triple-digit storage injection, though more supportive afternoon weather guidance offered some hope for the bulls…

Read the full article here: ...

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The Street - Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count
Monday, 06/04/2018

May 25, 2018 – The Street

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

The number of active oil drilling rigs in the U.S. increased by 15 to 859.

By: Anders Keitz

Crude prices started sliding late Tuesday and continued in earnest on Wednesday after U.S. crude inventories climbed by 5.8 million barrels to 438.1 million barrels, according to the U.S. Energy Information Administration. Credit Suisse analysts, including William Featherston, said the build in inventory was "bearish"...

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Investing Daily - Tapping the Permian’s Vast Hidden Wealth
Monday, 06/04/2018

May 22, 2018 – Investing Daily

Tapping the Permian’s Vast Hidden Wealth

By: Robert Rapier

…The Light, Sweet Spot

Oil production is booming in the Permian, which means the oil pipelines out of the region are full. This shale oil is called light and “sweet,” because it’s low in sulfur. New pipelines are being built, but there won’t be significant relief until 2019.

That’s somewhat bad short-term news for oil companies that operate in the Permian because it is causing Permian crude oil to trade at a significant...

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