Category: Crude oil

Rangeland building oil and gas hub in New Mexico

New Mexico Gov. Susana Martinez applauded the company’s investment in the state.  More »

Exxon’s Norway oil fields risk shutdown by strike over pensions

The Safe union will order as many as 154 offshore-platform workers to walk out if the talks fail, paralyzing production at the Ringhorne, Jotun and Balder fields, the group’s leader Hilde-Marit Rysst said by phone.  More »

Ohio House plans vote on tax hike for oil drillers

The bill imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing.  More »

Oil gains on anticipation of U.S. supply drop

U.S. crude for June delivery gained $1.11 to $101.70 a barrel.  More »

Ukraine jitters push crude oil above $100

The price of oil rose above $100 a barrel on Monday amid renewed tensions over Ukraine.  More »

Oil falls to near $100 after China trade data

U.S. crude for June delivery fell 51 cents to close at $100.26 a barrel.  More »

Oil rises as stockpiles fall

U.S. crude for June delivery rose $1.27 to close at $100.77 a barrel.  More »

Refining chief: We don’t oppose US oil exports

Phillips 66 Chairman and CEO Greg Garland said the company doesn’t oppose potential exports of U.S. crude oil, arguing that a free market approach would be best, regardless of the product.  More »

Kinder Morgan spending $671 million on carbon dioxide push

The company plans to boost CO2 production operations in Colorado as well as expand its 500-mile Cortez Pipeline that moves CO2 from southwestern Colorado to eastern New Mexico and West Texas for use in enhanced oil recovery (EOR) projects.  More »

Encana making $3.1 billion Eagle Ford buy

The agreement to purchase 45,500 net acres in Texas’s oil-rich Eagle Ford basin from Freeport’s oil and natural gas subsidiary “underscores our investment focus on high-margin assets,” Encana Chief Executive Officer Doug Suttles said.  More »

Oil little changed as traders await supply

U.S. crude for June delivery rose 2 cents to close at $99.50.  More »

Next offshore frontier demands breakthrough in subsea technology

Key pieces of the subsea equipment used to gather deep-water oil and gas today wouldn’t last long under the pressures and temperatures of ultra-deep reservoirs that oil companies believe are the next frontier.  More »

EOG Sees Rocky Mountains as North America’s next hot oil field

The company, which is known for quietly building up positions in areas before their potential is widely recognized, said in a statement yesterday that its land in the DJ and Powder River basins in Colorado and Wyoming may hold the equivalent of 400 million barrels of oil.  More »

Oil slips on China data; gasoline price declines

U.S. crude for June delivery fell 28 cents to close at $99.48 a barrel.  More »

Memorial Production Partners spending $935 million on Wyoming assets

Memorial Production Partners LP said Monday it inked a deal to buy oil producing properties in Wyoming for about $935 million.  More »