Tuesday, December 3, 2024

Frackers, Chasing Fast Oil Output, Are on a Treadmill

From The Wall Street Journal Shale companies from Texas to North Dakota have been managing their wells to maximize short-term oil production. That has long-term consequences for the future of the American energy boom. By front-loading the wells to boost early oil output, many companies have been able to accelerate growth. But these newer wells peter out more quickly, so

DAPL Moves Towards Completion, “Keep it in the Ground” Gets Crazier

TransCanada Explores Sale Of $1 Billion Appalachian Pipeline Unit

From Reuters Pipeline operator TransCanada Corp is exploring a potential sale of its Columbia Midstream unit in a deal that could value the business at about $1 billion, three sources aware of the matter said on Friday. TransCanada, based in Calgary, Alberta, is offloading parts of its infrastructure to help finance the $8 billion it has earmarked to spend on