September Has Been a Sour Month for West Texas Sour

After enjoying July, August and September trading above Cushing DSW, Midland West Texas Sour (WTS) dropped from a $1.40/bbl premium in mid-August to a discount of $(0.71)/bbl on Friday.  While WTS is a thin market subject to substantial daily volatility the recent decline has been steeper than us

Petra Nova Carbon-Capture Project Gets New Life Three Years After Closure

The Petra Nova carbon-capture project southwest of Houston restarted operations September 5 after being shut down since May 2020, Japan’s JX Nippon Oil and Gas Exploration Corp. said September 13. The project is owned by Petra Nova Parish Holdings LLC, a subsidiary of JX Nippon.

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