Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record
By JON GAMBRELL
The Associated Press
DUBAI, United Arab Emirates Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year,...
ELAM: Frothy valuations
It is the end of the Chinese growth miracle and leader Xi seems fine with that.
— Wall Street Journal
The Magnificent Seven stocks had a...
THE ECONOMIST: An even dozen
For the 12th year in a row, Texas attracted the lion’s share of major corporate locations and expansions in the US, winning Site Selection...
PHOTO GALLERY: 2024 Permian Basin Water in Energy Conference
The annual Water in Energy Conference took place this week at the Bush Convention Center in Midland. Hosted by The University of Texas Permian...
US rig count down seven as prices slide
The rig count in the Permian Basin was down two this week, the latest count Friday by Baker Hughes shows, with 313 rigs active...
DAILY OIL PRICE: March 8, 2024
Crude Oil: 78.01 (-0.92).
Nymex MTD AVG: 78.8890.
Natural Gas: 1.805 (-0.013).
Gasoline: 2.5272 (-0.0276).
Spreads: April/May (+0.51) May/June (+0.47).
Plains WTI Posting:...
New reservoir will fuel petrochemical expansion on Texas coast
By Dylan Baddour, Inside Climate News
Texas regulators last month approved water rights for a new, 2,500-acre reservoir to meet the growing needs of chemical...
DAILY OIL PRICE: March 7, 2024
Crude Oil: 78.93 (-0.20).
Nymex MTD AVG: 79.2657.
Natural Gas: 1.818 (-0.111).
Gasoline: 2.5548 (+0.0009).
Spreads: April/May (+0.61) May/June (+0.54).
Plains WTI Posting:...
Permian Strategic Partnership adds ProPetro to membership
MIDLAND The Permian Strategic Partnership (PSP) continues expanding its membership with the addition of one of the most efficient and productive completions services companies...
Liberty Energy breaks ground on new $50 million facility
Liberty Energy broke ground on their new $50 million facility Wednesday.
Located in Odessa’s Leeco Industrial Park between U.S. Highway 80 and Interstate 20, the...