Output rose 78,000 barrels a day to 8.428 million, the most since October 1986, according to Energy Information Administration data. More »
New Mexico Gov. Susana Martinez applauded the company’s investment in the state.
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 »
The bill imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing. More »
U.S. crude for June delivery gained $1.11 to $101.70 a barrel. More »
The price of oil rose above $100 a barrel on Monday amid renewed tensions over Ukraine. More »
U.S. crude for June delivery fell 51 cents to close at $100.26 a barrel. More »
U.S. crude for June delivery rose $1.27 to close at $100.77 a barrel. More »
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 »
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.
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 »
U.S. crude for June delivery rose 2 cents to close at $99.50. More »
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 »
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 »
U.S. crude for June delivery fell 28 cents to close at $99.48 a barrel. More »