Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
It appears to be a conundrum worthy of the attention of Fred, Daphne, and Velma (complete with Shaggy and Scooby to solve it), as contrasting signals out of the world’s largest energy consumer has left its impact on oil demand shrouded in mystery. As China’s economy matures it is a natural process that its energy intensity […]
The deal will send 1,100 miles of crude oil pipeline, 1,200 miles of natural gas pipeline and interest in six offshore hub platforms from Houston’s Enterprise to Genesis, which is also based in Houston.
While the dive in crude oil prices from more than $100 in June 2014 to a little over $50 this month has meant the cheapest gasoline prices since 2009, consumer spending from that windfall hasn’t outpaced deep cuts to the oil and gas sector.
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