West Texas-Gulf Coast Crude Line Proceeds
Oil & Gas Journal | April 25, 2018
HOUSTON - Phillips 66 Partners will build the Gray Oak Pipeline to carry crude oil from the Permian Basin to the Texas Gulf Coast and hold a second open season to gauge interest in a system expansion (OGJ Online, Dec. 13, 2017).
Read moreU.S. Crude Exports Are Soaring With Texas In The Driver’s Seat
Texans for Natural Gas | April 26, 2018
Exports of crude oil from the United States hit a record 2.33 million barrels per day (b/d) for the week ending April 20, according to new data from the U.S. Energy Information Administration (EIA). Crude exports are up 1.18 million b/d from the same week last year.
Read moreMore Pipelines Needed To Meet Environmental Goals
Chris Tomlinson | Houston Chronicle | April 25, 2018
A provincial premier in British Columbia, a 61-year-old woman in a Virginia treehouse and farmers in central Nebraska are fighting to stop pipelines from passing through their backyards, failing to realize they are doing more harm to the environment than good.
Read morePermian Basin Is Growing Into the Largest Oil Patch in the World
Jessica Summers & Sheela Tobben | Bloomberg Markets | April 24, 2018
The Permian shale play is all about setting records. Now, the region will probably become the world’s largest oil patch over the next decade.
Read moreThe U.S. Is A Net Natural Gas Exporter – Here's Why This Is A Big Deal
Energy Factor by ExxonMobil | April 12, 2018
Recent data compiled by the U.S. Energy Information Administration shows that last year the U.S. exported more natural gas than it imported. This is a significant milestone because the last time this happened, in 1957, Dwight Eisenhower was in the White House, cars had big tail fins, and the brand-new Frisbee was all the rage.
ICF study for LNG Allies projects potential US economic, jobs growth
Nick Snow | Oil & Gas Journal | April 17, 2018
The cumulative contribution to US economic growth from the addition of more LNG plants will range from $716 billion to $1.267 trillion between 2013 and 2050 under three cases, an ICF Inc. study commissioned by LNG Allies projected. It also projected 2-3.9 million job-years from US LNG plants during that period. One job for 1 year is a job-year.
Read moreBig Oil’s New Favorite Toy: Supercomputers
Sarah Kent and Christopher Matthews | Wall Street Journal | April 10, 2018
Xukai Shen, a geophysicist working at BP BP 0.65% Plc, had a hunch he could solve a riddle that had vexed the company: whether there was a lot of oil hidden beneath a salt dome 7,000 feet underwater in the Gulf of Mexico. So he asked to use the company’s supercomputer exclusively for two weeks to check it out.
Read moreReport: Texas Oil Output Grew by More Than All Other States, Gulf of Mexico Combined
Texans for Natural Gas | April 11, 2018
Texas’ average annual oil production increased by more than all other states and the Gulf of Mexico combined in 2017, a new report from the U.S. Energy Information Administration (EIA) finds.
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