The latest data from the U.S. Energy Information Administration (EIA), albeit still not calendar year complete, shows New Mexico, whose southeastern corner has seen a surge in Permian Basin activity, climbing toward the nation’s No. 3 spot behind Texas and North Dakota for crude oil production.
Crude
Articles from Crude
Catalyst Midstream Testing Support for Permian Delaware Crude System
A binding open season through Jan. 8 is testing support for a crude oil gathering and related pipeline system to serve the Permian Basin in the northern Delaware sub-basin.
December 11, 2017
OPEC to Reduce Crude Oil Output through Mid-2018, At Least
Global oil prices were climbing slightly on Thursday after the Organization of the Petroleum Exporting Countries (OPEC) and its Russian-led allies agreed in principle to keep 1.8 million b/d off the market possibly through 2018.
November 30, 2017
Enterprise Mulls Seaway Tariff Hike, Completes Pipe Portion of Midland-to-Sealy Pipeline
Enterprise Products Partners LP said it may consider raising tariffs of its Seaway Pipeline, one week after a competitor, TransCanada Corp., told federal regulators that it wants to increase the temporary discounted spot rate for light crude from Cushing, OK, to Houston and Port Arthur, TX.
November 3, 2017
ExxonMobil Lassos Permian Terminal to Corral Delaware Crude
ExxonMobil Corp. has snapped up its first crude oil terminal in West Texas within the Permian Basin to anchor its growing position in the Delaware formation.
October 18, 2017
Destination China for Continental’s Bakken Volumes
Continental Resource Inc. has sold its first-ever Bakken Shale crude oil for overseas delivery, with more than 1 million bbl to be delivered to China.
October 18, 2017
Crude-by-Rail Adds Costs — But Flexibility — Over Pipes, Says Study
Crude-by-rail as a transportation option could reduce the regulatory and political push back to building pipelines for U.S.-produced oil, according to a study by University of Chicago (UC) researchers.
September 28, 2017
Oryx to Build 220-Mile Crude Oil System in Permian Delaware
After closing on a long-term oil transportation agreement, Oryx Midstream Services II LLC plans to begin building a 220-mile crude oil transportation pipeline system to serve the Permian Basin’s Delaware sub-basin, with initial capacity of up to 400,000 b/d.
September 21, 2017
BP Readies IPO of U.S. Pipeline Assets
BP plc on Monday formally laid the groundwork to launch its U.S. oil and natural gas pipeline assets as a separate company.
September 12, 2017
End Of July Seen Warmer; August Called 6 Cents Higher
August natural gas is expected to open 6 cents higher Monday morning at $2.92 as more deferred weather forecasts called for incrementally warmer temperatures. August crude oil probed new lows.
July 10, 2017
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
