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Highest Thanksgiving Gas Prices Since 2014 to Hit Motorists #OilmanNEWS 2018 January-February Downstream 

Highest Thanksgiving Gas Prices Since 2014 to Hit Motorists

GasBuddy projects that Thanksgiving will see the highest average gas prices since 2014 as the country prepares for the busiest traveling weekend of the year. Yet the average gas price in four of five U.S. states is lower than a week ago, coming as the number of Americans driving is expected to surge by 20 percent* over last Thanksgiving according... Read More
Construction Begins on the New 650-Mile EPIC NGL Pipeline #OilmanNEWS 2018 January-February Texas 

Construction Begins on the New 650-Mile EPIC NGL Pipeline

Construction has begun on the first phase of the EPIC NGL Pipeline project.  The 650-mile EPIC NGL Pipeline runs from Southeast New Mexico to Corpus Christi. When complete in early 2019, the EPIC NGL Pipeline will have throughput capacity of at least 375,000 barrels per day with multiple origin points in the Delaware and Midland Basins. Destinations include interconnects near... Read More
Alliance Elects Vice Chairman, President; Re-Elects Board Secretary 2018 January-February Press Release Texas 

Alliance Elects Vice Chairman, President; Re-Elects Board Secretary

FORT WORTH – The Board of Directors of the Texas Alliance of Energy Producers today elected two seasoned veterans to lead the organization, and reelected another. Jim Beck, President of Tiger Eye Resources LLC in Houston, was elected Vice Chairman, and John Tintera, Alliance Executive Vice President, was elected President. Alliance Vice President Jo Ann Baker was reelected as Board... Read More
Devon Energy Reports Year-To-Date Sales of Nearly $10 Billion #OilmanNEWS 2018 January-February Oklahoma 

Devon Energy Reports Year-To-Date Sales of Nearly $10 Billion

Oklahoma City-based Devon Energy Corp recently reported fairly strong third-quarter results for 2017, besting their midpoint estimate for hurricane-adjusted guidance. The firm reported net earnings of $228 million, or $0.43 cents per diluted share, for Q3 2017, compared to $993 million for the same time period in 2016. This amounts to a $1.2 billion year-to-date (YTD) profit for the company... Read More
Oil and Gas Industry Future Looks ‘Attractive’ #OilmanNEWS 2018 January-February Alex Mills Contributors 

Oil and Gas Industry Future Looks ‘Attractive’

After two years of declining prices and reduced employment, the oil and gas industry in Texas and across the nation appears to be making a comeback. A recent report by Morgan Stanley stated: “The exploration and production (E&P) outlook is attractive.” “Energy sentiment has improved from two months ago, as the oil supply and demand balance has tightened and revisions... Read More
Oil and Gas Index Shows Texas Producers Continuing to Recover #OilmanNEWS 2018 January-February Alex Mills Contributors 

Oil and Gas Index Shows Texas Producers Continuing to Recover

WICHITA FALLS—Upstream oil and gas activity in Texas sustained a modest expansion into the 10th straight month in September, according to the Texas Petro Index, which rose to 181.4, 21.4 percent higher than in September 2016 and 22.4 percent higher than in November, when the TPI hit bottom at 148.2. “Crude oil prices in Texas have been the essence of... Read More
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