World Oil (Bloomberg) – Operators in America’s biggest shale oil basin are set to significantly increase the amount of natural gas they burn into the atmosphere because of a lack of pipeline capacity to ship it elsewhere, according to Rystad Energy. Permian Basin gas production has rebounded more quickly than oil since the pandemic, leaving pipelines effectively maxed out. It
Reuters HOUSTON – Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether or not they would wade into global oil politics for the first time in 50 years as crude prices crater to historic lows. Global energy demand has tumbled amid coronavirus-related travel and business restrictions and a glut of
Court House News Service The 430-mile, $2 billion project would carry natural gas from a transport hub in the booming West Texas oil patch to hungry markets on the Gulf Coast Construction on a hotly contested natural gas pipeline through the Texas Hill Country could proceed quickly after a federal judge on Friday declined opponents’ request to temporarily block the
From U.S. News and World Report Oil drillers are burning off vast quantities of natural gas because it’s not profitable enough to capture and bring to market. Producers in the Peace Garden State flared 527 million cubic feet of gas per day, according to figures from 2017 first reported in The Bismarck Tribune. North and South Dakota, meanwhile, consumed about 530
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