HOUSTON–(BUSINESS WIRE)–Permian Highway Pipeline, LLC (PHP) today announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity. “In addition, approximately 30 of Kinetik’s […]
Major oil companies have taken different approaches to the 21st-century vision of searching for Carbon Net-Zero. Exxon, Chevron, Shell, BP, and TotalEnergies have all expressed that they are now “energy” companies and using their profits […]
Oil well re-fracking is on the rise in the United States. Re-fracking of existing shale wells can cost up to 40 percent less than drilling a new well. Re-fracking could also help U.S. shale drillers […]
Magellan Midstream announced the extension of their open season to solicit customer commitments for the potential expansion of our refined petroleum products pipeline system from the Houston area to El Paso, Texas. Significant interest has been expressed from potential […]
The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico. The Environmental Protection Agency is weighing labeling parts […]
HOUSTON, Jun. 23 /BusinessWire/ — SilverBow Resources, Inc. (NYSE:SBOW) (“SilverBow” or “the Company”) today announced it has received bank approval to amend its senior secured revolving credit facility (“Credit Facility”) to extend the maturity of […]
Crude prices were set to rise for the first session in three on Friday, though set for a weekly loss as the market has tried to buck worries over economic slowdowns that could cut into […]
A congressional committee investigated some of the largest oil and gas companies in the Permian Basin, finding they were likely under-reporting their emissions of methane air pollution to the federal government. The U.S. House Committee on Science, […]
Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up its assets for a sale of the company that could fetch more than $1 billion, according to people with knowledge of the situation. […]
Permian oil production growth is set to outpace OPEC heavyweight Iraq this year and next as demand for oil surges on historically tight supply, Rystad Energy research shows. Total oil output from the Permian, including both […]
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