Looking back on 2018, I’m pleased with the significant progress we made in strengthening Occidental’s long-term financial and business outlook. We completed our strategic cash…
Tag: Permian
OPEC and allies just agreed to cut oil production by 1.2 million barrels per day
- Major oil producers have reached a preliminary deal to cut oil production and boost the market.
- The alliance is currently aiming to take 1.2 million barrels per day off the market, Iranian Energy Minister Bijan Zangeneh told CNBC.
- OPEC has agreed to exempt Iran from cutting production, Zangeneh said.
U.S. Is Now A Net Oil Exporter After 75 Years
The U.S. has become the world’s top fuel supplier. 📰
Liberty Oilfield Services – Second Quarter Of 2018 Results.
Liberty’s operations in the Permian continued to grow and thrive. Local sand volumes in the pipeline for several quarters now began to materialize in meaningful quantities during the second quarter and we see that trend continuing in the third quarter, driving down well costs for our customers. With significant new industry pumping capacity added to the Permian Basin during 2017 and 2018. While takeaway limitations have created temporary production challenges, we are pleased that the developing imbalances for frac services in the Permian have not yet impacted Liberty fleets. Read more