You are here

Current Issue

For O&G, Environmental Concerns Are Market Concerns

For O&G, Environmental Concerns Are Market Concerns

There’s a somewhat apparent economic factor at play when it comes to oil companies and environmental concerns. Damaging the environment with poor business practices is expensive. Oil spills result in lost revenue, as well as costly cleanups.

Oil Derricks, Huntington Beach, CA, 1940s

THUMS (Astronaut) Oil Island White, Long Beach, CA, 1986

Oilman Cartoon – November/December 2017

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

The Importance of Oil and Gas Waste Management

The Importance of Oil and Gas Waste Management

Waste and water management are perennial challenges for the oil and gas industry. While issues related to environmental stewardship have always been important concerns, in recent years they have taken center stage. The industry’s recent growth, fueled by an adoption of new techniques, has driven a fundamental change in the industry’s footprint. This rapid change has necessitated an equally rapid...

First-ever Shipment of U.S. Crude Oil to India Could Boost Bilateral Trade

First-ever Shipment of U.S. Crude Oil to India Could Boost Bilateral Trade

On October 02, 2017, when the nation was celebrating the 148th birth anniversary of Mahatma Gandhi, a cargo of 1.6 million barrels of U.S. crude oil was received at Paradip port in Eastern State of Odisha. This marked India’s first import of American crude oil. The successful delivery of American crude oil loaded on MT New Prosperity, a ship with...

Data Visualization As It Relates To The Oil And Gas Industry

Data Visualization As It Relates To The Oil And Gas Industry

The dynamics involved in the oil and gas industry are broad. With the world changing every day, there is a need to have a data harmonization mechanism that is modern and focused on solving the problems that emerge in the industry. There is the need to send communication swiftly across various platforms. Due to the uniqueness of the platforms used,...

Innovation In The Oil and Gas Industry: The Future is Now

Innovation In The Oil and Gas Industry: The Future is Now

Over the past several years the oil and gas industry has struggled with diminishing demand, evolving regulations, political uncertainty and even natural disasters. All of the above has forced companies inside the industry to adopt new strategies to sustain profits. Many, of course, are looking to cut costs in the areas of production and delivery. But innovations in process management...

Spectra Logic

Spectra Logic

Spectra Logic designed and built the Spectra® T950 tape library to meet the stringent requirements of the enterprise for data integrity, data security and high reliability. The T950 tape library reduces staff involvement significantly, affordably scales in throughput and capacity, and supports multiple generations of content and future tape formats. For data archive, backup and recovery, this elite library leads...

Preventing Condensate System Fouling

Preventing Condensate System Fouling

Due to product scale and buildup, a midstream Natural Gas Liquids (NGL) plant was changing their filters every three days, as well as conducting heat exchanger cleanings eight times a year. This redundant maintenance was costing the plant approximately $206,000 a year. While conducting a plant survey, U.S. Water representatives recommended a new solution to resolve their perpetual issue. This...

The Growing Tension Between Executives and Non-Executives in the Oil Patch

The Court of Appeals in San Antonio recently decided one of the first cases in quite some time to address the duties—of the party with the executive rights to minerals—owed to non-executive mineral interest owners. The case is Texas Outfitters Limited v. Nicholson, No. 04-16-00392-CV. Most of us in the industry know that in Texas and other jurisdictions the mineral...

Oil and Gas Acquisition Market 2018 Outlook

2017 has been a positional build year, as we had expected. As deals slowed down, dollars were reallocated to development projects. As the calendar rolled into 4Q17, many companies are still looking for deals. But unless companies are overpaying for Delaware Basin assets or buying clearance priced wells, deals are very difficult to find. The acquisitions and divestitures market will...

5 Challenges to Navigate in 2018 and Beyond

5 Challenges to Navigate in 2018 and Beyond

The oil and gas industry operates in diverse and hostile environments, including onshore and offshore unconventional reservoir production and exploration in hot and cold, challenging and remote environments.

Student Loan

Student Loan

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

A Friend, an Oilman and a Louisianan

A Friend, an Oilman and a Louisianan

Every 2 years, the Louisiana Gulf Coast Oil Exposition (LAGCOE) gives a ceremonial golden hardhat. The recipient of this award is named the LAGCOE Looey. Originally, a “Looey” was your average Joe who worked in the oilfield: the guy that has everyone on the rig cracking up, stealing your lunch, using your tools, and from time to time, stealing your...

Interview with Dave McCarthy, Senior Director of Products at Bsquare

Interview with Dave McCarthy, Senior Director of Products at Bsquare

Have you found that oil and gas companies are pretty receptive to your products, or are they rather reserved at first until they hear the kind of solutions that you can provide to them?

Why Selling Crude Oil to China is Good for America

Why Selling Crude Oil to China is Good for America

Continental Resources, Inc. recently announced its first-ever sale of Bakken oil specifically for delivery overseas. Continental Resources has sold 1,005,000 barrels of crude oil for November delivery to Atlantic Trading and Marketing (“ATMI”), which intends to export the oil to China. “This is a historic day for Continental and begins a new chapter in our long-term strategy to establish multiple...

Letter from the Publisher (Nov-Dec)

The oil and gas market has seen many fluctuations over the past three years, from $24 a barrel to now bouncing between $45 and $55 a barrel, OPEC issuing various reports of its intention to stabilize the market, several large shale plays exchanging hands in the hot Delaware Basin, and major oil companies and SMBs wading through a crippling downturn...

O&M

O&M

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

LAGCOE 2017 Welcomed More Than 10,000

LAGCOE 2017 Welcomed More Than 10,000

LAFAYETTE, La. (Oct. 26, 2017) – LAGCOE 2017 welcomed more than 10,000 people from 21 countries and across the U.S. to the Cajundome & Convention Center in Lafayette, La., October 24-26. Attendees viewed exhibits, three keynote presentations, dozens of technical and presentations, as well as six special events over the three-day period. Angela Cring, LAGCOE executive director, said, “We were...

Largest Oil and Gas Lease Sale Set to Take Place in New Orleans

Largest Oil and Gas Lease Sale Set to Take Place in New Orleans

The U.S. Department of the Interior (DOI) announced on October 24 that they would be accepting bids for an offshore oil and gas area which roughly equates to the size of New Mexico. The 77-million-acre lot, located in the Gulf of Mexico, is expected to fetch approximately $120 million for the U.S. Treasury and the Gulf Coast States. Texas, Louisiana,...

Confusion Reigns Supreme In Analysis Of Oil Market

Confusion Reigns Supreme In Analysis Of Oil Market

Conflicting news about crude oil supply and demand created confusion for oil traders last week. In summary: refinery runs were back to normal; petroleum exports set a record; crude oil production had a big increase; oil inventories increased nationwide, but declined at Cushing, as did gasoline and distillate inventories. Sound confusing? It is. However, the bottom line is oil prices...

Low Electricity Prices Doom Two Coal Plants In Texas

Low Electricity Prices Doom Two Coal Plants In Texas

Texas has been blessed with abundant sources of energy. Crude oil and natural gas have made Texas a powerhouse for about 100 years. Coal has been prevalent, too. Now, solar and wind are bringing new sources of power to the Lone Star State’s electric grid. The competition between these energy sources provides consumers with a reliable source of electricity to...

Lake Pontchartrain Explosion Brings Attention to Operations in the Region

Lake Pontchartrain Explosion Brings Attention to Operations in the Region

The recent, tragic explosion on an oil rig on Lake Pontchartrain in Louisiana has brought attention to the largely overlooked oil operations that were and continue to be conducted on the lake. The lake has not seen a large amount of drilling activity within the past twenty-plus years since a moratorium was placed on new oil operations on the lake....

Oilfield Helping Hands Lends Assistance to Hurricane Victims

Oilfield Helping Hands Lends Assistance to Hurricane Victims

Oilfield Helping Hands (OHH) has established a fund to help with financial assistance in the aftermath of Hurricane Harvey. The nonprofit charitable organization is comprised of volunteers who provide assistance to oilfield workers in crisis. OHH was founded in 2003 by several Halliburton Baroid employees in Houston when they organized a sporting clays tournament to help a fellow employee whose...

Cot and Coffee

Cot and Coffee

GPS

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

Saudi Arabia and Russia Seen Forging Business Alliances

Saudi Arabia and Russia Seen Forging Business Alliances

Two of the world’s largest oil-exporting countries, Russia and Saudi Arabia, have been forging a sort of professional relationship in recent years, despite previous indicators that they would not work together. Most recently, Saudi Aramco indicated that it plans to sign multiple Memoranda of Understandings with certain Russian companies. “There are significant opportunities in a number of these areas for collaboration between...

India's GAIL Signs Three Time-Swap Deals for US LNG

India’s GAIL Signs Three Time-Swap Deals for US LNG

India’s state-owned gas company, GAIL (India) Ltd has signed three time-swap deals with global companies to sell some of its previously contracted US liquefied natural gas (LNG) in an attempt to cut costs for home consumers. While disclosing this in its Annual Report, GAIL said that under the deals, the company will buy LNG from international companies this year and sell...

DOE, EPA Take On Energy, Environment Issues

DOE, EPA Take On Energy, Environment Issues

The U.S. Department of Energy (DOE) and the Environmental Protection Agency (EPA) recently introduced two significant policy changes regarding energy following the release of studies that methane and carbon dioxide emissions continue to decline. Energy Information Administration (EIA) said on Oct. 12 “energy-related carbon dioxide (CO2) emissions fell in both 2015 and 2017, and they are expected to fall again...

Oilman Interactive Crossword Puzzle - September/October 2017

Oilman Interactive Crossword Puzzle – November/December 2017

Click image to start crossword puzzle or here

Louisiana LNG Export Facility Secures Second Substantial Deal

Louisiana LNG Export Facility Secures Second Substantial Deal

A liquefied natural gas (LNG) exporting plant currently under construction in Cameron Parish, Louisiana, is now part of an agreement to supply 1 million metric tons of LNG per annum, or 1.4 billion cubic meters of natural gas per year, to a European electrical firm. Venture Global Calcasieu Pass, LLC, the firm developing the Calcasieu Pass LNG export facility, recently released a statement detailing a 20-year agreement with...

Texas Petro Index Increase For Ninth Consecutive Month

Texas Petro Index Increase For Ninth Consecutive Month

Stability in crude oil prices in Texas and across the nation has resulted in increased drilling, production, and an increase in the Texas Petro Index (TPI) during the last nine months. A composite index based upon a comprehensive group of upstream economic indicators, the TPI is compiled monthly and authored by economist Karr Ingham. Since April 2016, the spot price...

New Pickup

New Pickup

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

Finalists from Nearly 30 Countries Compete for 2017 S&P Global Platts Global Energy Awards

Finalists from Nearly 30 Countries Compete for 2017 S&P Global Platts Global Energy Awards

Energy companies from a record 28 countries have been selected as Finalists for the 19th annual  S&P Global Platts Global Energy Awards.  The 2017 Finalists, more than half of which were nominated from outside the United States, were announced today by program host S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks. Established...

Fort Worth-Based RRIG Water Solutions Acquires 475-Mile Pipeline In Permian Basin

Fort Worth-Based RRIG Water Solutions Acquires 475-Mile Pipeline In Permian Basin

RRIG Water Solutions, a subsidiary of Fort Worth-based RRIG Energy, has acquired a 475-mile pipeline located in the Eastern Delaware Basin from Oilfield Water Logistics. The pipeline has the potential to move over 2.3 million barrels of freshwater per day for oil and gas operations located throughout the Permian Basin, the nation’s highest-producing oilfield. The acquisition expands RRIG Water Solutions’...

Epic Pipeline Announces Capacity Agreement With BP Energy Company For New 650-Mile NGL Pipeline From The Permian Basin To Corpus Christi

Epic Pipeline Announces Capacity Agreement With BP Energy Company For New 650-Mile NGL Pipeline From The Permian Basin To Corpus Christi

EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, today announced that it has signed a definitive agreement with BP Energy Company to anchor a new 650-mile natural gas liquids (NGL) pipeline that will be known as “EPIC NGL Pipeline,” which will link producers’ NGL reserves in the Permian and Eagle...

Oildex Poised To Transform the Future of Oil & Gas Supply Chains with Its Acquisition of Phoenix DAS

Oildex Poised To Transform the Future of Oil & Gas Supply Chains with Its Acquisition of Phoenix DAS

Oildex announced today at its 2017 Community Conference in Austin, Texas that it has acquired Phoenix DAS, a leading provider of integrated field operations management software for oilfield suppliers. The acquisition builds on a strategic partnership the two companies announced earlier this year to support Oildex’s electronic Field Ticket initiative and sets the stage for Oildex to deliver unprecedented collaboration...

ExxonMobil Dethroned as the Number-One Ranked Energy Company: S&P Global Platts

ExxonMobil Dethroned as the Number-One Ranked Energy Company: S&P Global Platts

A Russian global energy behemoth has surpassed Exxon as the number one energy firm according to the S&P Global Platt’s Top 250 Global Energy Company Rankings. The 16th annual issuance of Platt’s Energy Company Rankings placed Russian firm Gazprom in the number one slot, displacing the U.S.’ ExxonMobil from the spot which it had previously occupied for 12 years. Companies...

Congress Begins Work On Tax Reform

Congress Begins Work On Tax Reform

President Trump kicked off his campaign to encourage Congress to begin serious discussions regarding tax reform. U.S. Rep. Kevin Brady (R-Tx.), chairman of the tax-writing Ways and Means Committee, has been advocating tax reform for more than a year. The proposed changes are outlined in his Tax Blueprint, which included a white paper “A Better Way: Our Vision for a...

cajun

Cajun Hummingbird

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

snow tires

Snow Tires

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

Oil, Natural Gas Prices Pass Milestones

Oil, Natural Gas Prices Pass Milestones

Crude oil and natural gas wellhead prices crossed a psychological price threshold last week as crude oil closed at $50.41 and natural gas closed at $3.094 on the New York Mercantile Exchange (NYMEX)on Wednesday, Sept. 20. The Energy Information Administration (EIA) released its weekly oil inventory report on Wednesday showing crude inventories rose 4.6 million barrels during the week ending...

0 Million Project Planned for Oklahoma East STACK Play

$400 Million Project Planned for Oklahoma East STACK Play

Oklahoma-City based Tall Oak Midstream III, LLC announced on September 19 that it is building a natural gas gathering system in Oklahoma’s East STACK play, the next large project which is part of a series of investments the firm has dedicated to developing its prospects in the region. Tall Oak III was formed two months ago with financial backing of...

Self ID

Self-ID

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

EIA Forecasts Record Oil Production In U.S.

EIA Forecasts Record Oil Production In U.S.

Even though the Energy Information Administration (EIA) at the Department of Energy hedged its monthly analysis of energy markets in the U.S. because of Hurricane Harvey, it predicted crude oil production will set a new record in 2018. EIA forecasts total U.S. crude oil production to average 9.3 million b/d for 2017 and 9.8 million b/d in 2018, which would...

Jim Chanos is Short on Shale

Jim Chanos is Short on Shale

During the world-renowned Delivering Alpha conference in New York, Jim Chanos announced that his company Kynikos Associates was short on multiple U.S. Shale oil producers. Being “short” means that an investment firm is betting that the current valuation of a company is too high and that the price of the stock will eventually fall to match a more realistic valuation. Kynikos...

Magellan and Valero Announce Joint Storage Facility in Texas

Magellan and Valero Announce Joint Storage Facility in Texas

Magellan Midstream Partners, L.P. and Valero Energy Corporation announced on September 14 that they would be working together to expand and develop the marine storage facility along the Houston Ship Channel in Pasadena Texas. Ownership of the facility will be split 50/50 between Magellan and a Valero subsidiary, and it is expected to have a storage capacity of five million barrels...

Recovering from Hurricane Harvey – The Aftermath Phase

Recovering from Hurricane Harvey – The Aftermath Phase

Disaster response and business continuity focus on the immediate response during the event and long-term recovery. However, critical to this process is the immediate aftermath and short term, because there are very low levels of law and order, infrastructure and organization; the ability to secure human capital (people), assets and infrastructure are essential to ensure a smooth and effective recovery....

Hurricanes Present Huge Challenges To Petroleum Industry

Hurricanes Present Huge Challenges To Petroleum Industry

Hurricane Harvey has presented a challenge for the petroleum industry’s efforts to continue to providing consumers with a safe, reliable, and affordable product during extremely difficult circumstances.  Even though the 50 inches of rain along the Gulf Coast caused some 13 refineries to temporarily cease operations, many are now back online. When Hurricane Harvey hit shore near Corpus Christi on...

French Push for Carbon Neutrality Spearheaded by Environment Minister

French Push for Carbon Neutrality Spearheaded by Environment Minister

On September 6th, France revealed the draft of a bill that would ban all oil and gas exploration and production (E&P) within the country and in oversea territories by 2040. The move is part of a recent series of actions by the French government that appear to be moving the country away from any sort of reliance on the oil...

Teach

Teach

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

Harvey Creates Issues for Texan Oil Industry

Harvey Creates Issues for Texan Oil Industry

The catastrophic flooding and high-velocity winds accompanying Hurricane Harvey had overarching effects on both residents and businesses in the Gulf Coast area, particularly in Texas. The difficulty for oil and gas firms is mainly concentrated within the downstream portion of the market as refineries have been unfortunately positioned to face the brunt of the storm. CNN Money reports that ten...

India to Diversify Crude Oil Import Policy

India to Diversify Crude Oil Import Policy

In an effort to reduce its dependence on crude imports from Middle Eastern countries led by Saudi Arabia, India is considering diversification of its crude sources, adding the United States in its long list of crude suppliers. Currently, India imports about 82 % of crude oil for its domestic requirement. According to latest IEA reports, at present, India imports around 3.78...

Oklahoma City Firm Plans to Pioneer Drilling of Two-Mile Horizontal Well

Oklahoma City Firm Plans to Pioneer Drilling of Two-Mile Horizontal Well

Due to legislation that was part of Senate Bill 867, companies can now begin drilling two-mile long horizontal wells in non-shale rock layers in Oklahoma. As News OK first noted, Tapstone Energy, an Oklahoma-City based oil producer, plans to begin the process of drilling to such a length on its wells in Dewey County. Doing so would mark the firm...

Hurricane Harvey Creates Pressure On Gasoline Supply

Hurricane Harvey Creates Pressure On Gasoline Supply

Hurricane Harvey continues to unleash its wrath on the Texas and Louisiana coast, creating serious problems for energy consumers and producers. Since Aug. 25, Harvey’s high winds and heavy rains have caused the temporary closing of some oil and natural gas exploration and production in the Gulf of Mexico and onshore southern Texas, but the major problems have been associated...

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

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...

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

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...

Oil and gas industry future looks ‘attractive’

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...

Oil and gas index shows Texas producers continuing to recover

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...

Evolution of the Oil and Gas Business Model: Room to Build on a Strong Foundation

In oil & gas, enthusiasm for Industrial Internet of Things (IIoT) is already abundant. But unfulfilled potential abounds. A new study from Bsquare found that while 89% of businesses employ some sort of solution, most deployments remain fairly basic. Since advanced IIoT offers significantly greater ROI, many companies are leaving substantial value on the table. With cost reduction cited as the top...

Extension of production cuts reenergizes upstream activity in Texas

Extension of Production Cuts Reenergizes Upstream Activity in Texas

The agreement among major crude oil exporters to extend production cuts through next year has had the unintended consequence of breathing new life into the revival of upstream oil and gas activity in Texas, according to Karr Ingham, the creator of the Texas Petro Index, which increased for the 11th consecutive month in October to 183.2. “According to the TPI,...

Low Oil Prices Create Problems For Oil Exporters

Low Oil Prices Create Problems For Oil Exporters

Crude oil has been a major player in the geopolitical and economic viability of countries for decades. As far back as World War II, British Prime Minister Winston Churchill said the Allies floated to victory on a sea of oil produced in the U.S. In the 1970s, some Middle Eastern countries, who were members of OPEC, used the “oil weapon”...

Survey: Texas Best Place For Oil And Gas Investment

Petroleum industry executives think Texas is a good place to do business.  As a matter of fact, they think it is the best place in the world for investment in oil and gas exploration and production, according to a recent survey. The Fraser Institute recently issued its 11th annual survey of petroleum industry executives and managers regarding barriers to investment...

Siri

Gasoline, Crude Oil Prices Hold Firm

Gasoline, Crude Oil Prices Hold Firm

Gasoline prices followed crude oil prices upward during the Thanksgiving weekend. Crude oil prices on the New York Mercantile Exchange closed at $58.02, and retail regular-grade gasoline averaged $2.57 cents per gallon. The Energy Information Administration (EIA) said gasoline increased 41 cents per gallon from the same time last year. “Although gasoline prices are higher than in both 2015 and...

Highest Thanksgiving Gas Prices Since 2014 to Hit Motorists

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...

Epic Pipeline Announces Capacity Agreement With BP Energy Company For New 650-Mile NGL Pipeline From The Permian Basin To Corpus Christi

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...

Oldie Work

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...

Tax Reform Debate Continues In Congress

Tax Reform Debate Continues In Congress

The controversy over tax reform efforts by the U.S. Congress was expected because any time there is a change in tax laws there are winners and there are losers.  The two bills in the House and Senate are no different. The stated goals of leaders of the tax reform movement are: Simplify the tax laws; Tax relief for the middle...

Twitter

Twitter

Steve Burnett Contributor - Crude Oil Calendars I was raised in a small West Texas town where the school mascot is a roughneck. Growing up with a roughneck as the town symbol, how could I not spend most of my adult life working in the petroleum industry? I started working in the oilfields age 16. In Texas, you had to...