Apache Corp. reports worldwide results
The Apache Corp. reports a successful 2023 with problems in Egypt and the North Sea more than offset by bountiful results in the Midland...
Oilfield workforce keeps expanding
The Permian Basin’s oilfield workforce is meeting the demands of an industry that’s producing an all-time record of six million barrels a day, but...
DAILY OIL PRICE: February 22, 2024
Crude Oil: 78.61 (+0.70).
Nymex MTD AVG: 76.2850.
Natural Gas: 1.732 (-0.041).
Gasoline: 2.3347 (+0.0487).
Spreads: April/May (+0.68) May/June (+0.59).
Plains WTI Posting:...
Biden’s LNG move called blatantly political
President Biden’s recent freeze on U.S. Department of Energy permits for new liquefied natural gas projects has weakened the United States’ national security.
That’s according...
DAILY OIL PRICE: February 21, 2024
Note: The March Contract has expired, and the April Contract is now prompt. Today, the April Contract price increased by $0.87.
Prompt month to prompt...
DAILY OIL PRICE: February 20, 2024
Crude Oil: 78.18 (-1.01).
Nymex MTD AVG: 76.0875.
Natural Gas: 1.576 (-0.033).
Gasoline: 2.2774 (-0.0586).
Spreads: March/April (+1.14) April/May (+0.42).
Plains WTI Posting:...
ELAM: WTIC on the rise
West Texas Intermediate Crude peaked last September around $95. Shares of energy companies such as Apache (APA) did so as well poking just above...
THE ECONOMIST: Soaring shelter spending
The substantial and rapid increase in the price of housing, whether rented or purchased, has significant implications for millions of households. Wages have been...
Pfluger legislation reversing President Biden’s LNG export ban passes House
WASHINGTON, DC On Thursday, the House of Representatives passed Rep. August Pfluger’s legislation, H.R. 7176, the Unlocking Our Domestic LNG Potential Act of 2024....
Basin rig count down one as prices rise
The rig count in the Permian Basin was down one this week, the latest count Friday by Baker Hughes shows, with 312 rigs active...