High Gasoline Inventories Help Drive U.S. Refining Margins to Five-Year Lows
Source: U.S. Energy Information Administration, based on Bloomberg Note: Reformulated blendstock for oxygenate blending (RBOB) is unfinished gasoline. Flattening year-over-year growth in gasoline demand in the United States, combined with high levels of refinery output, have contributed to l ...New Projects Expected to Reverse Gulf of Mexico Natural Gas Production Declines
Source: U.S. Energy Information Administration, Natural Gas Monthly Natural gas production in the U.S. Federal Gulf of Mexico (GOM) has been declining for nearly two decades. However, 10 new natural gas production fields are expected to start producing natural gas in 2018 and another 8 are e ...U.S. Average Gasoline Prices this Thanksgiving are Higher than the Previous Three Years
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Heading into the Thanksgiving holiday weekend, U.S. retail regular-grade gasoline averaged $2.61 per gallon (gal), up 4 cents/gal from the same time last year. This year marks the highest gasoline price for the ...Oil & Gas Company's Osage, Meramec Formation Wells Advance
This small-cap firm continues to delineate and derisk its Oklahoma STACK acreage. Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC) provided an update in a news release on the progress of two Oklahoma STACK Joint Venture wells. As for the Trebuchet 21-23N-10W #1H well, in which Jericho has a 40% ...The Wolfcamp Play Has Been Key to Permian Basin Oil and Natural Gas Production Growth
Source: U.S. Energy Information Administration, based on DrillingInfo Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Drilling and completion operations within the ...Total U.S. Natural Gas Stocks End Refill Season at Lowest Level in 13 Years
Source: U.S. Energy Information Administration, Natural Gas Monthly and Weekly Natural Gas Storage Report Note: Data for October 31, 2018, are an interpolated value based on the Weekly Natural Gas Storage Report . Working natural gas in underground storage in the Lower 48 states as ...U.S. Crude Oil and Natural Gas Production Increased in 2017, With Fewer Wells
Source: U.S. Energy Information Administration, U.S. Oil and Natural Gas Wells by Production Rate Note: Annual production estimates shown here are based on data from DrillingInfo and may differ from official estimates published in EIA's Petroleum Supply Annual 2017 and Natural Gas An ...TMK Opens External Coating Facility in Wilder, KY (USA)
TMK, one of the world's leading producers of tubular products for the oil and gas industry, announced the opening of its new external coating facility at TMK IPSCO's Wilder facility in North America. The 250,000 tonnes of annual coating capacity for pipes up to 24 inches (609.6 mm) in diameter is ...BNK Petroleum Inc. Announces Third Quarter 2018 Results With Positive Net Income
All amounts are in U.S. Dollars unless otherwise indicated: TSX ticker symbol; BKX OTCQX ticker symbol; BNKPF CAMARILLO, California, Nov. 9, 2018 /PRNewswire/ - THIRD QUARTER HIGHLIGHTS Average production for the third quarter of 2018 increased by 40% to 1,534 BOEPD, compared to third quarter ...Oilfield Helping Hands Permian Basin Chapter to Host First Meeting Under New Leadership
Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis, will hold its first Permian Basin Chapter meeting under new leadership. The informational chapter meeting will be held on December 12, 2018, at Anadarko's Midland, Texas, facility, located at ...12 Dec 2018
2019 Game Plan for Texas Oil & Gas Firm 'Remains on Track
A Raymond James report discussed what to expect, operationally and financially, from this energy company next year. John Freeman, a Raymond James analyst, reported that Oasis Petroleum Inc. (OAS:NYSE) "delivered an in line Q3/18 despite temporary issues hampering gas production" and the c ...Renewable Diesel is Increasingly Used to Meet California’s Low Carbon Fuel Standard
Source: U.S. Energy Information Administration, based on California Air Resources Board Renewable diesel net supply to California's fuel market has increased since the state's Low Carbon Fuel Standard (LCFS) program went into effect in 2011, reaching 100 million gallons during the second qua ...Marathon Oil Reports Third Quarter 2018 Results
HOUSTON, Marathon Oil Corporation (NYSE: MRO) has reported third quarter 2018 net income of $254 million, or $0.30 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjust ...Highlands Natural Resources - Colorado Shale Operations Update
Highlands, the London-listed natural resources company, is pleased to announce that hydraulic fracturing operations for the six new wells at its East Denver Project will resume this week. Flowback from the new wells is expected in late December 2018 or early January 2019. The Company also notes th ...S&P Global Platts - US Election Wrap: Democrats Win House, Voters Answer Oil Policy Questions
Washington — Democrats took control of the House of Representatives in Tuesday's mid-term election, but Republicans retained control of the Senate as voters decided on new gasoline tax hikes and limits on drilling, both on and offshore. Republicans won Senate races in Texas and North Dakota, t ...
Mozambique Can Realize Full Benefits of Natural Gas Production
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What is carbon offsetting?
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