This was the largest week-over-week decrease since April and brings the number of active oil rigs to 614. That’s below the previous low for 2015 set in May, according to the count by oil service firm Baker Hughes.
Dallas-based Pioneer Natural Resources Co. is looking for a buyer for its Eagle Ford Midstream venture with India’s Reliance Industries Ltd. Bloomberg News is reporting that the two companies plan to sell their stakes in a joint process. Pioneer owns 50.1 percent of the pipeline and crude-processing unit, with 10 gathering systems and nearly 500 […]
Sen. John Hoeven, R-N.D., the lead sponsor of legislation that would authorize the Keystone XL pipeline, says President Barack Obama can extend an olive branch to the Republican-controlled Senate next year by signing the bill.
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