Texas to Get Biggest Share of $350MM Effort Targeting Methane Emissions from Low-Performing Wells

Texas and 13 other states are set to receive $350 million in federal grants to help measure and reduce methane emissions from the oil and gas sector, the Department of Energy (DOE) said December 15.

The Netherlands Emerges as Top Importer of U.S. Crude Oil in October

Crude oil exports from the U.S. fell by 208 Mb/d month-on-month to 4 MMb/d in October, according to recent data released by the U.S. Census Bureau. While exports to Europe and Canada rose to 1.9 MMb/d and 232 Mb/d, respectively, shipments to all other regions fell.

Mont Belvieu Isobutane – Normal Butane Spread Plunges

Easy come, easy go.  That is what has happended to the large price spread between Mont Belvieu normal butane and isobutane over the last week.  As shown on the chart below, the spread peaked between the two products on November 27th at almost 40 c/gal but has since plunged to 1.8 c/gal on Decembe

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