In The News

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...

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…

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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"...

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...

Monday, 06/04/2018

May 21, 2018 – 24/7 Wall Street

Crude Oil Pipeline Capacity Out of the Permian Basin Is Vanishing

By Paul Ausick

West Texas Intermediate (WTI) crude oil traded at a discount of $7 a barrel to Brent crude late Monday morning, but that reflects just one headwind faced by U.S. crude producers. In the Permian Basin, the discount may surpass $20 or more a barrel due to a lack of pipeline takeaway capacity to transport the oil to Houston or Corpus Christi, where it can be loaded on a tanker for export…

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