Pietro D
Pitts
Hart Energy
Pemex’s Dos Bocas Refinery to Reduce Mexico’s Reliance on US Fuel
Mexico will significantly reduce its dependence on fuel from the U.S. in 2025 once state-owned Pemex concludes construction of its 340,000 bbl/d Olmeca refinery in Dos Bocas, according to the International Energy Agency.
Trans Mountain Revises Heavy Crude Standards on Pipeline After Quality Concerns
Canadian government-owned oil pipeline operator Trans Mountain last week revised standards for accepting crude oil on its recently expanded system after buyers raised concerns about the crude oil arriving on the line, a regulatory filing showed.
Norway’s DNO Discovers Gas Condensate in North Sea’s Cuvette
Cuvette is the second well in DNO’s 2024 North Sea exploration program.
Private E&P Point Energy Triples Delaware Basin Production to 15,000 bbl/d
Point Energy Partners has since brought on an additional 15 wells and has 12 more coming online later this year in Ward County, Texas, while its leasehold in northern Loving County is tied up in a dispute with Matador Resources.
Northern Midland: EOG Brings on Dean Oil Well in SE Dawson Stepout
EOG Resources has not stated yet that Dawson County is the location of its new “stealth play.” It remained mum in an investment-banking conference this week.
Grow Canada! Increased Production Boosts Energy Security
U.S. refineries drink in heavy crude, but domestic politics are always a hurdle.
What's Affecting Oil Prices This Week? (June 17, 2024)
For the upcoming week, Stratas Advisors expect that the price of Brent crude will test $84 and the price of WTI will test $80.
Laying in Wait: San Juan’s ‘Remarkable’ Mancos Shale Oil Wells
The past decade has been difficult for the San Juan Basin, which suffered from a lack of activity and exits by major operators. But experts say inventory-hungry operators shouldn’t overlook the San Juan’s long-term potential.
US Drillers Cut Oil, Gas Rig Count to Lowest Since January 2022
Baker Hughes said the total rig count is down 97 rigs, or 14%, below this time last year.
Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A
Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.