Chevron’s equity gas from Australia well-placed to meet growing demand for natural gas in Asia-Pacific region SAN RAMON, Calif. – Chevron Corp. has announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement (HOA) with China Huadian Green Energy Co., Ltd. “This is an important
Chevron, China Huadian sign agreement for long term LNG supply Read More »
LPG terminal expansion is among $7.8 billion capex Enterprise expects to complete by end of 2017 HOUSTON, Texas – Enterprise Products Partners L.P. has announced that it has increased the loading rate at its LPG, or liquefied petroleum export terminal on the Houston Ship Channel from 16,500 barrels per hour to approximately 27,500 BPH of capacity. The
Enterprise Products completes final phase of LPG export terminal expansion Read More »
Range Resources revolving credit facility remains unchanged at $3 billion Fort Worth, Texas-based Range Resources Corporation today announced that it has completed the sale of its Nora assets in southwestern Virginia for $865 million. After purchase price adjustments based upon a November 1st effective date, Range will include the Nora operations for the full fourth quarter of
Range Resources closes Nora asset sale for $865 million Read More »
Sales part of WPX deleveraging plan following acquisition of Permian Basin properties in August TULSA, Okla. – WPX Energy says it is selling its San Juan Basin gathering system for approximately $309 million to a portfolio company of ISQ Global Infrastructure Fund, a fund managed by I Squared Capital. WPX is receiving $285 million cash subject
WPX sells San Juan gathering system to focus on Permian Basin Read More »
NuStar building second private dock in the Port of Corpus Christi to export Eagle Ford Shale crude oil SAN ANTONIO, Texas – ConocoPhillips and NuStar Energy have announced they are loading the nation’s first export cargo of US-produced light crude oil since the 40-year-old ban was lifted on December 18. ConocoPhillips committed to sell Eagle Ford light crude
ConocoPhillips exports first load of crude oil after 40-year old ban lifted Read More »
API says new restrictions on business, investment could impact job growth in 958 counties across the US API and a coalition of concerned business groups filed a lawsuit last week against EPA’s unnecessary and costly tightening of ozone NAAQS standards, according to API Vice President and General Counsel Stacy Linden. “Our nation’s air has been getting
API, business coalition files lawsuit against EPA’s new ozone standards Read More »
The majority of natural gas vehicles will run on compressed natural gas, report finds Compressed natural gas vehicles are stuck in the classic chicken and egg dilemma: Transportation companies won’t buy CNG trucks without more refueling stations, but a much higher population of CNG trucks is required to justify investing in the refueling stations. Despite this
Sales of natural gas vehicles expected to exceed 35 Million from 2015 to 2025 Read More »
Jericho Oil looking to raise money to fund acquisition of producing wells and prospective acreage in Oklahoma Jericho Oil Corporation has announced it is proceeding with a non-brokered private placement of approximately 17,323,610 units at a price of $0.40 per unit to raise total gross proceeds of approximately $6.929 million. Each unit will be comprised
Jericho Oil raising $6.929 million for Central Oklahoma wells, acreage Read More »
Europe, Asia and Latin America are potential markets for U.S. crude oil exports The American oil industry and its supporters are applauding the passage of legislation to end the 40-year old crude oil export ban and forecasting significant benefits for consumers and businesses alike. One of the strongest criticisms of the ban, enacted in the
Pioneer Natural Resources reacts to lifting of the crude oil export ban Read More »
Texas Railroad Commission reports that in past 12 months, total reported production was 1.009B barrels of crude oil, 8.4 Tcf of gas AUSTIN – Production for Oct. 2015 as reported to the Railroad Commission of Texas (Commission) is 74,686,442 barrels of crude oil and 636,226,447 MCF (thousand cubic feet) of total gas from oil and gas
Texas oil and gas production statistics for Oct. 2015 Read More »
