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Exxon in support of Permian Highway Pipeline | OutPut by Rig Lynx

August 13, 2018

ExxonMobil Corp. plans to support the proposed Permian Highway Pipeline (PHP) Project, signing a letter of intent for subsidiary XTO Energy to contract for as much as 450,000 dekatherms/day of capacity on the pipeline. The $2-billion PHP Project will provide an outlet for increased gas production from the Permian basin to areas along the Texas Gulf Coast and

13 rigs added last week to Us rig count | OutPut by Rig Lynx

August 13, 2018

| Weekly Rig Count

The US drilling rig count jumped 13 to reach 1,057 units working for the week ended Aug. 10, according to Baker Hughes data. The count is up 90 units from this time a year ago when the count stood at 954. Offshore units were up 3 rigs from last week with 20 units working. A total of 1,035

U.S. flexing muscle with exports | OutPut by Rig Lynx

August 10, 2018

| Archives

The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. Less than two months after threatening to impose levies on imports of U.S. crude, the worldâ€™s biggest oil buyer has now spared the commodity. Only fuels such as diesel, gasoline, propane will

Is the long term export tide changing? OutPut by Rig Lynx

August 9, 2018

| Archives

ExxonMobil Corp. is courting refiners with rare long-term U.S. crude export deals, according to people familiar with the matter, as the company expands its trading scope. The oil giant has approached several refiners to discuss contracts for exports of light, sweet crude from the prolific Permian basin starting as early as this year, said the people, who asked

Apache and KAAC to merge and form a $3.5 billion corporation | OutPut by Rig Lynx

August 9, 2018

| Archives

Apache Corp.Â will contribute its midstream assets at Alpine High to Altus Midstream LP, a partnership jointly owned by Apache and Kayne Anderson Acquisition Corp. (KAAC). At closing, KAAC will be renamed Altus Midstream Co., a C-corporation anchored by substantially all of Apacheâ€™s gathering, processing, and transportation assets at Alpine High in the Delaware basin. â€œAlpine High contains more

Market balance over the coming months?

August 9, 2018

| Archives

The front-month futures price for Brent crude oil settled at $73.45/bbl on Aug. 2, a decrease of $3.85 from July 2. The front-month futures price for West Texas Intermediate crude oil for delivery at Cushing, Okla., decreased $4.98/bbl during the same period, settling at $68.96/bbl on Aug. 2. Crude oil production from most members of the Organization of

925,000 gallons of gasoline for $1 | OutPut by Rig Lynx

August 8, 2018

| Archives

What if we told you thereâ€™s a land where premium gasoline flows like water, where a single U.S. dollar could net you nearly 925,000 gallons of the good stuff? This is no fairy taleâ€”this is the reality on the ground in Venezuela,Â and itâ€™s more like a nightmare as the country continues to grapple with the worst economic

Its been 14 years since we lost a Hellfighter

August 8, 2018

| Archives

Famed oilfield well control expert and firefighter Paul â€œRedâ€ Adair died at age 89 in Houston August 7 2004.Â The son of a blacksmith, Adair was born in 1915 in Houston. He served with a U.S. Army bomb disposal unit during World War II. Adair began his career working for Myron Macy Kinley, who patented a technology for using

International rig count up by 38 units for July

August 7, 2018

| International Rig Count

The international rig count for July was 997, up 38 units from the 959 counted in June, and up 38 from the 959 counted a year ago, according to Baker Hughes data. The international offshore rig count for July was 217, up 22 from the 195 counted in June, and up 13 from the 204 counted in July

$3.7 billion Marcellus pipeline project halted by federal agencies for reroute | OutPut by Rig Lynx

August 7, 2018

| Archives

A $3.7 billion pipeline in Americaâ€™s biggest shale gas play could be rerouted after a federal agency ordered all work on the project to stop. In a rare move, regulators on Friday ordered EQT Midstream Partners LP to halt construction on its 303-mi Mountain Valley conduit, which would carry natural gas from the Marcellus basin to southern markets.

Author: Admin

Exxon in support of Permian Highway Pipeline | OutPut by Rig Lynx

13 rigs added last week to Us rig count | OutPut by Rig Lynx

U.S. flexing muscle with exports | OutPut by Rig Lynx

Is the long term export tide changing? OutPut by Rig Lynx

Apache and KAAC to merge and form a $3.5 billion corporation | OutPut by Rig Lynx

Market balance over the coming months?

925,000 gallons of gasoline for $1 | OutPut by Rig Lynx

Its been 14 years since we lost a Hellfighter

International rig count up by 38 units for July

$3.7 billion Marcellus pipeline project halted by federal agencies for reroute | OutPut by Rig Lynx

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