Russia’s oil giant Rosneft tendered a sell of a cargo of crude, asking would-be buyers to pay in euros for the consignment, just weeks after…
Extraction Oil & Gas in Colorado
Extraction Oil & Gas operates in the Greater Wattenberg Field of Colorado’s Denver-Julesburg (DJ) Basin, targeting the development of the Codell and Niobrara formations. The…
China Oil Co discovered 1 billion tonnes of reserves in northwest China
According to China National Petroleum Corporation (CNPC), the proven reserves at Qingcheng oilfield in the Ordos basin stand at 358 million tons, while its estimated…
U.S. economic data not looking good – Oil prices sink
Oil prices sink as weak U.S. economic data dims demand outlook. – cnbc.com Brent crude futures lost 49 cents, or 0.8%, to $58.76 a barrel,…
Drilling permits are down 60% in Colorado
Five months after the new anti frac law took effect, drilling permits are down 60% from the last decade average, one operator has declared bankruptcy,…
South Korea Oil Tanker Blast Sparks Fire Injuring 18
A mushroom cloud of fire erupted from Stolt Groenland, the Blaze spread to South Korean-flagged oil tanker Bow Dalian – which was docked nearby Some…
Cheap Hotel Rooms in West Texas? Yes , And that’s bad news for frackers
A finance source I speak with contacted me this week with the news they were paying $250 a night for their room at a decent…
The Drilling struggles and improvements
The drilling industry has seen a significant slowdown in the last quarter. With WTI Crude price struggling to stay above the $60 per barrel, drilling…
The Market Dropped on word Democrats wanted to Impeach Trump
Stocks were way down on Tuesday by worries about President Donald Trump’s political future. The S&P 500 dropped 0.8%, its biggest one-day drop since Aug….
Judge reopens fracking ban case without objections in Colorado
The Longmont Times-Call reported Friday that the ruling reopens a case examining the legality of Longmont’s voter-approved fracking ban without hearing the plaintiff’s objections. Officials…
California Hydraulic Fracturing – Unique geology means less water
Fracking in California, where unique geology means the practice uses less water and energy than it does in the Midwest, South and East Coast. Records…
Warren CAT and Caterpillar new “all-Cat” frac trailer
Warren CAT, the Caterpillar dealer for West Texas and Oklahoma, recently hosted an event in partnership with Caterpillar to display its new all-Cat frac trailer,…
Fed’s first such rescue operation in a decade
Borrowing rates skyrocketed on Tuesday in a corner of the markets as the lender of last resort Interest Rate Surged but is critical to the…
Crude oil prices could plunge lower
Saudi Arabia has restored half of the crude product that was lost to devastating attacks on its oil industry, and the kingdom said output will…