Oil

How attacks on key oil facilities over the weekend in Saudia Arabia impact the U.S. energy sector will be proven in the coming weeks and depend heavily on how long the supply outage lasts, experts said on Monday.

California regulators on Tuesday requested more technical information from Chevron Corp. on the Cymric oilfield cyclic steam operations in Kern County, which is being investigated for a leaking abandoned well.

U.S. explorers still have a lot of exposure to oil and natural gas prices in 2020 as the fourth quarter nears, but if oil prices move higher as many experts are forecasting, that strategy may prove to be a winner.

Oil and gas industry groups in Colorado were swift in rebuking rules adopted this week by Adams County, describing them as “unreasonable” and “hasty.”

The Alberta government on Tuesday announced a one-year extension of mandatory oil production cuts to prop up prices through 2020 and counter prolonged pipeline project delays.

Kinder Morgan Inc. is planning to spend $170 million-plus to boost efficiency, product liquidity and blending capabilities at its Houston Ship Channel (HSC) terminals in Pasadena and Galena Park.

Volatile commodity prices and takeaway constraints cut into the bottom line for many Permian Basin independents during the second quarter, but squeezing every penny from every dollar possible proved to be the savior for many.

West Virginia oil and natural gas production both grew by double-digits last year, reflecting similar increases from unconventional wells in nearby Ohio and Pennsylvania that are likely to be tempered as operators continue to pull back across the Appalachian Basin.

Colorado regulators last week set the first new rules under an omnibus oil and natural gas bill that was passed earlier this year.