RRC extends successful orphan well plugging streak

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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

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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

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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

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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...

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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

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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

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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

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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

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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

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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:...