Expanding gas processing capacity may increase Permian crude
The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.
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The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.
The oil and gas industry has experienced a number of booms and busts over the past few decades, but for now, it appears to be flush with cash.
US oil is now encroaching on the key markets of the OPEC+ group, which has been restricting supply in an effort to boost oil prices.
Despite the Biden administration’s ambitious climate goals, the oil & gas industry in the US has seen unprecedented growth and profitability.
Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts. Exxon rose as much as 1.6% in New York and Chevron climbed 2.8%.
Exxon, Chevron and Oxy led the way in a blockbuster year for Texas oil mergers amid a consolidation wave that is projected to continue.
The Texas Electricity Supply Chain Map now includes more information that will assist state emergency officials during disasters.
Crude oil prices surged over the summer as OPEC curtailed production, followed by the outbreak in early October of the Israel-Hamas war
Occidental’s president and CEO, Vicki Hollub, asserts that the Permian still has significant oil to develop, disputing concerns about falling well productivity.
Year-to-date through July 2023, TX accounts for 43.3% of all oil production and 27.4% of all natural gas marketed production in the country.
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