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HomePermian Basin

Permian Basin

Crude Oil News

Canada’s Oil Sands Time To Shine!!

June 26, 2024 Andy Del Prado

Daily Standup Top Stories EU Sanctions 17 Ships that Carried Oil for Russia June 25, 2024 Mariel Alumit The European Union placed sanctions on more than two dozen vessels, including 17 that hauled oil for Moscow. […]

Texas
Natural Gas

Texas Natural Gas Prices Turn Negative Even Amid Heat Wave

June 25, 2024 Mariel Alumit

In an unexpected turn of events, U.S. spot natural gas prices in Texas dropped below zero on Tuesday despite soaring demand driven by a severe heat wave. This phenomenon, typically seen in the low-demand seasons […]

Natural Gas Tax Repeal Act
Energy Policy

Texas Senator introduces Natural Gas Tax Repeal Act to eliminate Biden’s new methane emissions tax

June 2, 2024 Stu Turley

Energy Workforce & Technology Council (EWTC) issued a statement applauding the introduction of S.4405, the “Natural Gas Tax Repeal Act,” by U.S. Senator Ted Cruz. If passed, the act would repeal the recently implemented tax […]

AI

Vietnam Shifting Back To Coal

May 29, 2024 Andy Del Prado

Daily Standup Top Stories Vietnam’s shift back to coal is under EU scrutiny May 28, 2024 Mariel Alumit A heat wave in Vietnam in May and June of last year led to major power shortages across the north of […]

Energy Transfer
Finance

Energy Transfer to Acquire WTG Midstream in a $3.25 Billion Transaction

May 28, 2024 Mariel Alumit

WTG Midstream Owns and Operates the Largest Private Permian Gas Gathering and Processing Business with Assets Located in the Core of the Midland Basin Expands Energy Transfer’s natural gas pipeline and processing network in the […]

OPEC+
Crude Oil News

North America Keeps Losing Rigs

May 20, 2024 Mariel Alumit

North America dropped one rig week on week, according to Baker Hughes’ latest rotary rig count, which was released on May 17. Although the U.S. added one rig week on week, Canada dropped two during […]

Big Oil Companies

Will Geopolitics Kill The Markets?

May 1, 2024 Andy Del Prado

Daily Standup Top Stories U.S. produces the energy everyone is looking for: 900 MW at the largest plant in the world April 30, 2024 Mariel Alumit It is a common misconception that renewable energy is hidden in […]

Global Upstream
Big Oil Companies

Global Upstream M&A Market Poised for $150 Billion Injection in 2024

April 30, 2024 Mariel Alumit

Global upstream M&A deals could reach $150 billion in 2024, surpassing the first quarter’s $64 billion mark. North America, particularly the US shale sector, remains the driving force, with $80 billion of assets on the […]

ProPetro
Big Oil Companies

ProPetro to deploy electric-powered hydraulic fracturing fleets on ExxonMobil’s Permian operations

April 30, 2024 Mariel Alumit

(WO) – ProPetro Holding Corp. has entered into a three-year hydraulic fracturing services agreement to provide electric hydraulic fracturing services to ExxonMobil in the Permian basin. ProPetro will deliver and dedicate FORCE electric-powered hydraulic fracturing […]

oil
Big Oil Companies

ExxonMobil, Chevron to increase Guyana, Permian oil production amidst $100 billion M&A spending

April 30, 2024 Mariel Alumit

(Bloomberg) – If you want to understand why the two largest U.S. oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re […]

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