Texas regulators unveil new oil, gas, utility infrastructure map to assist during extreme weather
The Texas Electricity Supply Chain Map now includes more information that will assist state emergency officials during disasters.
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Entries by Breakthrough Investment Group
Oil’s rising price poised to boost energy sector
Crude oil prices surged over the summer as OPEC curtailed production, followed by the outbreak in early October of the Israel-Hamas war
The Permian oil boom isn’t over just yet
Occidental’s president and CEO, Vicki Hollub, asserts that the Permian still has significant oil to develop, disputing concerns about falling well productivity.
Report: Texas oil and natural gas industry breaks decades-old production records
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.
Why OPEC+ will do whatever it can to send oil prices higher
The US and its core allies see rising oil and gas prices as serious economic and political threats to them.
US oil and gas output still rising in response to high prices last year
Oil output rose by almost 10% in the first three months of 2023, compared with the same period a year earlier.
US crude sets world’s most important oil benchmark for first time
The Texas crude WTI Midland’s inclusion in Dated Brent is the most significant overhaul of the measure in decades.
US Permian Basin oil production — and profits — have surged
Production in the oil-and-gas-rich Permian Basin hits records recently, juicing oil company profits and easing energy supply worries.
Texas energy expected to be key in meeting global demand
TIPRO president said that global production will continue to rise and the Permian Basin will play a critical role in meeting energy demand.
OPEC Is Betting Big On Robust Oil Demand Recovery
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day (bpd) by July relies on expectations of robust oil demand recovery in the second quarter. Yet, recent demand concerns suggest the alliance’s supply management policies could once again be more in the realm of guestimates. The […]