Last month, Parsley paid US$19,800 per acre for additional Midland basin acreage Following last month’s acquisition of nearly 18,000 net acres in the Midland basin, Parsley Energy this week purchased Double Eagle Energy’s assets, adding 71,000 net acres with 3.6 mboe/d of production, according to Wood Mackenzie. The addition of these assets will nearly double […]
Parsley Energy grows wild in Permian Basin of West Texas Read More »
EPA data shows methane leakage rate from natural gas systems just 1.5% By Seth Whitehead, EnergyInDepth The U.S. Environmental Protection Agency (EPA) released the latest draft of its annual Greenhouse Gas Inventory (GHGI) on Tuesday, and the new EPA data show that methane emissions from oil and natural gas systems continue to fall at the
New EPA data show US oil/gas-related GHG emissions continue to fall Read More »
Billions to be spent on California wind power projects By Nichola Groom LOS ANGELES, Feb 15 (Reuters) – A firm controlled by Philip Anschutz, the billionaire entertainment and pro sports magnate, will soon build the largest wind farm in the United States to serve utilities in California, where officials have set ambitious green power goals.
California demand for wind power energizes transmission firms Read More »
Crude inventories rose to 9.5 million barrels By David Gaffen Feb 15 (Reuters) – U.S. gasoline and crude inventories soared to record highs last week as refineries cut output and gasoline demand softened, the Energy Information Administration said on Wednesday. Crude inventories rose 9.5 million barrels in the week ended Feb. 10, nearly three times more
US gasoline and crude inventories hit record highs: EIA Read More »
Oil prices fall as crude stocks rise By Jessica Resnick-Ault NEW YORK, Feb 15 (Reuters) – Oil prices fell slightly on Wednesday as record high U.S. crude and gasoline inventories fed concerns about a glut, but trade was choppy and losses were limited by evidence that OPEC and other producing countries were complying with agreed-upon supply
Oil prices reverse course and pull back after brief rally Read More »
Gross domestic product (GDP) an important driver of oil consumption Oil plays a crucial role in the global economy—from the production of goods to the transportation of people and freight, according to the US Energy Information Administration. For this reason, economic activity and oil consumption tend to move together, particularly in developing economies. This relationship
EIA: Short-term global oil demand outlook depends upon economic activity Read More »
G20 urged to ditch fossil fuel subsidies by 2020, go green OSLO, Feb 15 (Reuters) – Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about climate change. G20 nations should work
G20 urged to ditch fossil fuel subsidies by 2020, go green Read More »
Alfa CFO says company focusing resources on core business MEXICO CITY, Feb 14 (Reuters) – Mexican conglomerate Alfa said on Tuesday it will sell its energy projects in the Eagle Ford shale in Texas, as well as its energy assets in Peru, while also stalling all energy investments due to lingering low oil prices. Alfa’s
Alfa to sell oil assets in Eagle Ford, Peru, pauses energy spend Read More »
“If you’re willing to make it easier for us in Alberta, we can make it easier for you to put in safe injection sites throughout the country.” – Webber If you’re an Alberta Member of Parliament, like Calgary’s Len Webber, not antagonizing BC voters ahead of building a crucial West Coast pipeline seems, well, obvious.
Calgary MP Len Webber must apologize for linking pipeline approval and BC opioid crisis Read More »
Devon Energy posts Q4 profit vs. year-ago loss Feb 14 (Reuters) – Devon Energy Corp reported a bigger-than-expected quarterly profit, as the U.S. oil producer benefited from its cost-cutting initiatives. Devon, like other oil and gas companies, has been keeping a tight leash on costs since a slide in global crude oil prices started in
Devon Energy posts Q4 profit vs. year-ago loss Read More »
