Texas oil producers driving oil markets, leaving OPEC confounded #OilmanNEWS 2017 September-October Alex Mills Contributors 

Texas Oil Producers Driving Oil Markets, Leaving OPEC Confounded

Sizable year-over-year improvements in the rig count, drilling permits, and the value of Texas-produced crude oil and natural gas, along with renewed industry employment growth combined to push the Texas Petro Index upward in July to 176.9, the eighth straight monthly increase since a punishing 24-month contraction, which ended in November 2016 with a revised TPI of 149.2.  (Monthly TPI… Read More
EIA Forecast and OPEC Meeting Move Oil Price #OilmanNEWS 2017 September-October Upstream 

EIA Forecast and OPEC Meeting Move Oil Price

The oil market continues to experience price volatility as shifting variables test investors’ fortitude. An August 8 OPEC meeting and the Energy Information Administration’s (EIA) Short-Term Energy Outlook, released the same day, combined to create discordant expectations for production levels through to 2018. Investors held lofty expectations for the OPEC August 8 meeting, which they hoped would yield an increase… Read More
LOGA Highlights Importance of Relationship with O&G Industry #OilmanNEWS 2017 September-October Louisiana 

LOGA Highlights Importance of Relationship with O&G Industry

To demonstrate the importance of the oil and gas industry to the state of Louisiana, the Louisiana Oil and Gas Association (LOGA) released a statement on July 27 outlining the relationship between the state and the industry. Given the recent negative rhetoric concerning the oil and gas industry’s operations in Louisiana, largely due to the industry’s alleged contribution to the… Read More
ConocoPhillips Releases Financial Report for Second Quarter #OilmanNEWS 2017 September-October Texas Upstream 

ConocoPhillips Releases Financial Report for Second Quarter

ConocoPhillips—its latest financial report released on July 27—reported a significant step forward in the move to meet financial and operational goals. The Houston, Texas-based firm has, like many of its competitors, been attempting to improve its financial position during these past few years as the oil price has lingered around a relatively low position. As large oil and gas companies… Read More
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