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Exxon Mobil Looks to Build Petrochemical Plant in Texas #OilmanNEWS 2017-May-June Technology Texas 

Exxon Mobil Looks to Build Petrochemical Plant in Texas

Exxon Mobil’s and Saudi Basic Industries Corps’ joint plan to build a new petrochemical plant saw significant advancement on March 21, as a school board in southern Texas approved significant tax breaks for the company if it should choose to build in the region. The planned facility won $1.2 billion in tax breaks from the Gregory-Portland school district north of... Read More
Crude Oil Stocks Set Record #OilmanNEWS 2017-May-June 

Crude Oil Stocks Set Record

Crude oil inventories jumped to a new record last week, according to the Energy Information Administration (EIA), causing prices on the futures market to decline. Since the beginning of 2017, inventories have increased 10 out of 11 weeks. Oil inventories in the U.S. rose 50 million barrels to 533,110 million barrels since the first week in January, according to EIA’s... Read More
Mammoth Energy Acquires Three Oil Companies #OilmanNEWS 2017-May-June Oklahoma 

Mammoth Energy Acquires Three Oil Companies

Mammoth Energy Services, Inc., announced on March 21st that it is purchasing three oilfield services companies in an effort to further its offerings in the industry. “The pending acquisitions of Taylor Frac, Stingray Energy Services and Stingray Cementing represent a natural step for Mammoth to continue to expand its integrated service offering,” stated the Oklahoma-based company’s CEO Arty Straehla. Mammoth... Read More
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