Saturday, March 22, 2025

In America’s Hottest Drilling Spot, Gas Is Going Up in Smoke

From The Wall Street Journal In America’s busiest oil field, roughly $1 million worth of natural gas goes to waste each day. Shale drillers in the Permian Basin of Texas and New Mexico say they have no way to move the gas—a byproduct of oil drilling—to market because there aren’t enough natural-gas pipelines. Instead, they are getting rid of the excess

South Sudan Resumes Output in Key Oil Area After Five-Year Halt

From Bloomberg   South Sudan restarted crude production in a key oil region almost five years after facilities were shuttered by civil war. The resumption of output in the so-called Unity fields marks the start of efforts to rebuild the oil-dependent economy, which has sub-Saharan Africa’s third-biggest reserves. The East African nation’s warring parties signed a peace deal this month to end fighting