Saturday, November 23, 2024

NuStar Energy Expanding Permian Takeaway by 70,000 BPD

NuStar Energy L.P. (ticker: NS) has started its binding open season involving a second capacity expansion of its Permian crude system. The Permian Crude System Expansion No. Two will expand upon the system’s current capacity. Certain destinations along the company’s delivery system have been approaching capacity and the proposed expansion should alleviate such problems, the company said. The expansion is

Crescent Point Energy Looks to Exit 2018 with 195,000 BOEPD

Uinta HZ inventory climbs to 850 net locations Crescent Point Energy Corp. (ticker: CPG) expects to generate annual average production of 183,500 BOEPD and exit production of 195,000 BOEPD in 2018. The increase will be fueled from its $1.8 billion CapEx spending budget for 2018. Crescent Point had a 2017 exit rate of 183,000 BOEPD, which represented year-over-year production growth

OPEC’s Cheer Over 2018 Oil Rally Tinged by Shale Worries

From Reuters Oil’s price rally this year to its highest since May 2015 may seem a source of glee for OPEC, but some in the producer group fear the gains could prompt shale companies to crank open their spigots and flood the market. Benchmark Brent crude rose further above $68 a barrel on Tuesday, supported by oil output cuts led