RRC extends successful orphan well plugging streak
The final numbers have been tallied, and the Railroad Commission plugged 1,012 orphan wells in Fiscal Year 2024 using state funds. This exceeded the...
DAILY OIL PRICE: September 5, 2024
Crude Oil: 69.15 (-0.05).
Nymex MTD AVG: 71.1580.
Natural Gas: 2.254 (+0.109).
Gasoline: 1.9258 (-0.0360).
Spreads: October/November (+0.65) November/December (+0.42).
Plains WTI Posting:...
DAILY OIL PRICE: September 4, 2024
Crude Oil: 69.20 (-1.14).
Nymex MTD AVG: 71.6600.
Natural Gas: 2.145 (+0.018).
Gasoline: 1.9618 (-0.0159).
Spreads: October/November (+0.68) November/December (+0.46).
Plains WTI Posting:...
DAILY OIL PRICE: September 3, 2024
Crude Oil: 70.34 (-3.21).
Nymex MTD AVG: 72.4800.
Natural Gas: 2.203 (+0.076).
Gasoline: 1.9777 (-0.2340).
Spreads: October/November (+0.75) November/December (+0.55).
Plains WTI Posting:...
Salvagers abandon effort to tow burning oil tanker in Red Sea targeted by Yemen’s...
By JON GAMBRELL
The Associated Press
DUBAI, United Arab Emirates Salvagers abandoned an initial effort to tow away a burning oil tanker in the Red Sea...
Midland-Odessa weekly gas price update: September 3, 2024
Average gasoline prices in Midland-Odessa have fallen 1.9 cents per gallon in the last week, averaging $2.75/g Tuesday, according to GasBuddy’s survey of 156...
ELAM: A market of great expectations
Nvidia (NVDA) is now a three trillion dollar company. Its quarterly revenue of $32.5 billion was above expectations. Its gross margin of 75$ bests...
THE ECONOMIST: Come from away
The foreign-born population is an indispensable component of the U.S. workforce. Many regions are experiencing slowing population growth or even shrinkage in key working...
US rig count down two as prices drop
The rig count in the Permian Basin was down one this week, the latest count Friday by Baker Hughes shows, with 305 rigs active...
DAILY OIL PRICE: August 30, 2024
Crude Oil: 73.55 (-2.36).
Nymex MTD AVG: 75.3797.
Natural Gas: 2.127 (-0.010).
Gasoline: 2.2117 (-0.0360).
Spreads: October/November (+0.90) November/December (+0.76).
Plains WTI Posting:...