- Joe Barone, Shale Directories
- Blog
- April 19, 2019
Venezuela bypasses U.S. sanctions by selling crude via Russia
Venezuelan President Nicolas Maduro is moving cash from Venezuelan oil sales through Russian state energy giant Rosneft, as he looks to evade U.S.- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Oryx Delaware launches open season for transportation system
Oryx Midstream Services II said Thursday its Oryx Delaware Oil Transport unit has launched a binding open season to support its regional crude oil transportation system serving the Delaware Basin in Texas/New Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Oil prices drop on China growth, lower U.S. crude stockpiles
Crufe oil prices dropped Wednesday after Brent crude hit a 2019 high above $72 a barrel, supported by steady economic growth in China and data showing U.S.- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Duc total slips slightly in March
The number of Ducs, drilled, but uncompleted wells, located in the Lower 48 U.S. states’ seven most productive unconventional basins/plays fell slightly from February to March, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 17, 2019
Crude production projected to rise 80,000 Bpd
Crude oil production from the seven most productive unconventional plays/basins in the Lower 48 U.S. states will increase 80,000 barrels per day from April to May to a new record, the Energy Information Administration projects.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S. exports 2 Mmbpd of crude in 2018
In 2018, U.S. exports of crude oil rose to 2.0 million barrels per day (Mmbpd) — nearly double the 1.2 Mmbpd rate in 2017 — the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S., Brent crudes slip, as Russia talks output hikes
Crude oil prices fell Monday after Russia’s finance minister said Russia and Opec+ may boost production to fight the U.S. for market share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
Medallion Delaware, Medallion line announce open season
Medallion Delaware Express and Medallion Pipeline said Friday they are conducting a binding open season to support an expansion of the Delaware Express and Medallion pipeline systems for an expanded joint tariff service.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
WTI, Brent rise on tightening supply perception
Crude oil prices rose last Friday as involuntary supply cuts from Venezuela and Iran, plus conflict across Libya supported the possibility of a tightening crude market, while positive Chinese economic data eased concerns about falling crude demand.- Joe Barone, Shale Directories
- Blog
- April 12, 2019
Oil markets tightening due to U.S. sanctions: IEA
Crude oil markets are tightening, the International Energy Agency said Thursday, Kallanish Energy reports. The agency warned, however, an “extraordinarily” wide range of views about the health of the global economy was making it difficult to forecast oil prices.- Joe Barone, Shale Directories
- Blog
- April 11, 2019
Trump signs orders making it tougher to block pipelines
President Trump Wednesday signed two executive orders designed to eliminate hurdles to new and existing natural gas pipeline construction nationwide, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Executive order aims to prevent states from blocking pipelines
President Trump today will sign an executive order designed to prevent states from blocking pipelines and other energy infrastructure by using authority they feel is afforded them under the federal Clean Water Act, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Crude prices fall as Russia suggests it will raise output
Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Aramco breaks demand record, bond tops $100B
Orders for Saudi Aramco’s debut international bonds topped $100 billion, a strong vote of market confidence for the world’s largest oil company, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Crude hits 5-month high, as fighting threatens Libyan output
Crude oil prices rose to a five-month high Monday, on expectations for tighter global supply due to fighting in Libya, Opec+-led cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Callon divests non-core assets in $260M deal
Houston-based independent producer Callon Petroleum said Monday it’s entered into a deal to sell certain non-core assets in the Midland Basin to an unnamed buyer for $260 million in cash.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Pressure pumping HP demand set to rise in 2019
Pressure pumper horsepower will increase in Q2, rebounding from a sluggish end to 2018, according to the new U.S. Horsepower Outlook report, offered by Westwood’s Global Energy Group.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
Engie, Caisse to buy Petrobras pipe unit for $8.6B
Petroleo Brasileiro SA (Petrobras) agreed to sell its 90% stake in a Brazilian natural gas pipeline company to France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec for $8.6 billion.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
U.S. adds companies, ships to Venezuela sanctions list
The U.S. Friday added two companies which ship crude oil from Venezuela to Cuba, along with 34 ships, to a financial sanctions list aimed at increasing pressure on Venezuelan President Nicolas Maduro to step down and turn over power to his opposition.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
Venezuela oil output is said to have dropped by 50%
Power failures that kept Venezuela in darkness for much of March also briefly slashed the country’s crude production by 50%, people familiar with the situation told Bloomberg.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Brent crude tops $70 for first time since November
Brent crude oil prices Thursday pushed through $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Citing differences, Shell walks away from U.S. refining lobby
Royal Dutch Shell Plc this week said it was leaving a U.S. refining lobbying organization in 2020 because the oil supermajor disagrees with the firm’s climate policy, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Xom weighs sale of Nigerian O&G fields for up to $3B
ExxonMobil has held talks on the sale of a number of oil and gas fields in Nigeria, as the company focuses on developments in the U.S.’s Permian Basin and Guyana, industry and banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- April 1, 2019
Japanese refiners halt Iran oil imports as waiver draws near
Japanese refineries have stopped importing Iranian oil after buying 15.3 million barrels between January and March ahead of the expiration of a temporary waiver on U.S.- Joe Barone, Shale Directories
- Blog
- April 1, 2019
Citgo secures $1.2B in long-term financing
U.S. refiner Citgo Petroleum said last week it received $1.2 billion in financing via a five-year Term Loan B, with participation from roughly 35 financial institutions.Working-rig count drops for 6th straight week
The number of working rigs onshore in the Lower 48 U.S. states last week fell for the sixth consecutive week, and now is only seven rigs ahead of last year’s total.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
WTI, Brent crudes shrug off Trump’s Opec tweet
Oil prices settled roughly flat Thursday, recovering from the day’s worst losses that came shortly after President Trump called for Opec to boost crude production to lower prices.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
Group takes oil refinery fight to North Dakota’s high court
An environmental group is taking its battle against an oil refinery being developed near Theodore Roosevelt National Park to the North Dakota Supreme Court.- Joe Barone, Shale Directories
- Blog
- March 28, 2019
U.S. crude inventories rise by 2.8 Mmbbl
U.S. crude oil inventories for the week ended March 22 (excluding the Strategic Petroleum Reserve), increased by 2.8 million barrels (Mmbbl) from the previous week, according to Energy Information Administration data.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Kimbell Royalty closes deal with EnCap
Kimbell Royalty Partners said Monday it’s closed the previously announced purchase of oil and gas royalty assets from EnCap Investments for roughly $171.6 million in Kimbell Royalty Operating stock.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Activity stops at Venezuela’s main oil port after blackout
Venezuela’s main oil port of Jose, operated by state-run oil giant Pdvsa, was virtually shut down following a massive power blackout Monday, two oil industry workers and a union leader close to the facility told Reuters.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Crudes rise as supply cuts overcome economic worry
Crude oil rose sharply Tuesday as Opec+ supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to a potential worldwide economic slowdown.- Joe Barone, Shale Directories
- Blog
- March 26, 2019
Kinder Morgan backs out of offshore crude terminal
Houston pipeline operator Kinder Morgan has sold its stake in a proposed offshore crude oil export terminal in the Gulf of Mexico known as Texas COLT, the company confirmed Monday.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
U.S. imports zero Venezuelan heavy crude
The combination of President Trump’s sanctions and the economic chaos that is Venezuela combined during the week ended March 15 to zero-out U.S.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
Crude drops from 2019 highs, settles down more than 1%
West Texas Intermediate and Brent crude oils fell more than 1% Friday, slipping further from 2019 highs reached earlier last week.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Crude settles pennies lower, near 4-month high, as supplies tighten
Crude oil dropped slightly Thursday, but held near 2019 highs, supported by a sharp tightening of global stocks, Opec production cuts and U.S.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Murphy Oil selling Malaysian portfolio for $2.13B in cash
Murphy Oil Corp. said Thursday a subsidiary has signed a deal to sell its two primary Malaysian subsidiaries to a PTT Exploration and Production Public Company Ltd.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
U.S. judge blocks O&G drilling over climate change
A federal judge has blocked oil and gas drilling across roughly 500 square miles of Wyoming territory, saying the U.S. government must consider climate change impacts more broadly as it leases huge areas of public land for energy exploration.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
U.S. crude inventories plunge on strong exports, refining demand
U.S. crude oil inventories last week fell by 9.6 million barrels (Mmbbl), the most in eight months, aided by strong export and refining demand, the Energy Information Administration reported Wednesday.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
WTI, Brent crudes settle higher
Crude oil prices rose Wednesday, with U.S. crude topping $60 a barrel for the first time in roughly four months, after government data showed American crude oil inventories plunged.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
U.S. grants Iraq new sanctions waiver to buy Iranian energy: source
The Trump administration is granting Iraq a renewed 90-day waiver, exempting it from U.S. sanctions on Iran, a State Department official told CNBC Tuesday.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Crude oil prices mixed after hitting new 2019 highs
Crude oil prices were little changed Tuesday after hitting 2019 highs earlier in the day, maintaining strength on expectations Opec+ will continue its production cuts.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Tallgrass Energy promotes Moler to president
Midstreamer Tallgrass Energy this week announced the promotion of chief operating officer Bill Moler to president, effective immediately. The Kansas-based company said David G.- Joe Barone, Shale Directories
- Blog
- March 19, 2019
Russia will be compliant with cuts within weeks
Russian energy minister Alexander Novak said Sunday his country will be fully compliant with Opec+ supply cuts over the coming weeks. “As far as the meeting is concerned we, of course, discussed the situation with the execution of the agreement (and) we stressed once again that Russia is discharging its obligations in accordance with the agreement to smoothly achieve the target output,” Novak told CNBC, in Baku, Azerbaijan.- Joe Barone, Shale Directories
- Blog
- March 19, 2019
Crude rises, supported by Opec supply cuts
Crude oil prices rose Monday, supported by the possibility of a longer-than-expected Opec+ crude supply cut and indications of inventory declines at Cushing, Oklahoma.- Joe Barone, Shale Directories
- Blog
- March 18, 2019
ArcLight affiliate acquiring American Midstream
American Midstream Partners announced this morning an affiliate of private equity firm ArcLight Energy Partners is acquiring the midstreamer in an all-cash deal valued at $5.25 per share.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Crude futures reach four-month highs
Brent and West Texas Intermediate crude oil futures reached four-month highs Thursday, as production cutbacks by Opec+, along with U.S. sanctions on Iran and Venezuela, tightened global supplies.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Citgo’s new chairwoman reassures O&G industry
Luisa Palacios, Citgo Petroleum’s recently appointed chairwoman, reassured the energy industry this week the Houston-based refiner remains reliable, despite the political and economic crisis that’s crippled its parent, Venezuela’s national oil company, PDVSA.- Joe Barone, Shale Directories
- Blog
- March 14, 2019
GeoPark acquires its first Ecuadorean blocks
Oil and gas exploration company GeoPark announced Wednesday the acquisition of two blocks in Ecuador, Kallanish Energy reports. The purchase is the first investment in Ecuador for the company, headquartered in Chile, with operations in other South American countries.- Joe Barone, Shale Directories
- Blog
- March 14, 2019
Antero Resources receives $297M from Antero Midstream melding
Colorado-based Antero Resources said Wednesday it’s received $297 million in cash related to the melding of Antero Midstream Partners (AM) and its general partner entity, Antero Midstream GP (Amgp).- Joe Barone, Shale Directories
- Blog
- March 12, 2019
Antero Midstream, Amgp announce simplification approval
Antero Midstream Partners (AM) and the partnership’s general partner, Antero Midstream GP (Amgp), said Monday AM’s unitholders and Amgp’s shareholders voted to approve the previously announced “simplification” transaction between the companies.- Joe Barone, Shale Directories
- Blog
- March 12, 2019
OIl. natgas production soars in Ohio’s Utica
Crude oil production in Ohio’s Utica Shale play increased by 38.56% from the fourth quarter of 2017, to the final three months of 2018, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2019
Crude falls Friday after anemic U.S. jobs report
Crude oil prices fell last Friday, but managed to recoup most of the losses after plunging on data that showed recent U.S.- Joe Barone, Shale Directories
- Blog
- March 11, 2019
Saudi minister says U.S., China driving oil demand
Saudi oil minister Khalid al-Falih said Sunday China and the U.S. would lead healthy global demand for oil this year, but it would be too early to change Opec+ output policy at the group’s April meeting, Reuters reported.- Joe Barone, Shale Directories
- Blog
- March 8, 2019
Parker reorganization plan confirmed by court
Parker Drilling said late Thursday the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s amended joint Chapter 11 reorganization plan.- Joe Barone, Shale Directories
- Blog
- March 8, 2019
Hess Infrastructure closes buy of Hess Corp.’s Bakken water business
Hess Infrastructure Partners, a midstream joint venture between Hess Corp. and Global Infrastructure Partners, has closed the $225 million cash deal for Hess’ Bakken water services business.- Joe Barone, Shale Directories
- Blog
- March 7, 2019
Crude oil prices mixed after U.S. crude inventories surge
Crude oil prices were mixed Wednesday, after government data showed a surge in weekly U.S. crude oil inventories, partly offset by a drop in the nation’s inventories of refined petroleum products.- Joe Barone, Shale Directories
- Blog
- March 6, 2019
Blm approves Wyoming pipelines for enhanced oil recovery
The U.S. Bureau of Land Management has approved construction of two 243-mile twin pipelines across Wyoming, Kallanish Energy reports. The project would transport carbon dioxide from southwest Wyoming for use in enhanced oil recovery in Wyoming, Montana and North Dakota.- Joe Barone, Shale Directories
- Blog
- March 6, 2019