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EIA: US Crude Oil Production Rises To Near Record High In March

2019-05-31 18:45:45| OGI

Meanwhile, crude output in Texas, the biggest oil-producing state, meanwhile, eased 0.1% to 4.873 million barrels per day, according to a report by the U.S. Energy Information Administration.

Tags: high march record production

 

Marathon Oil Completes Kurdistan Exit As US Shale Focus Grows

2019-05-31 16:35:12| OGI

Marathon Oils Kurdistan divestiture marks the 10th country exit for the Houston-based company since 2013, including its most recent agreement to sell its U.K. business for $350 million.

Tags: focus oil exit grows

 
 

Private Oil Company Lands Bridge Loan For Nonop Purchase

2019-05-31 15:39:54| OGI

A private oil and gas company backed by Energy Founders Fund closed on the $7 million bridge loan from Production Lending.

Tags: company private purchase oil

 

Trade Wars Tip Oil Towards Biggest Monthly Drop In Six Months

2019-05-31 15:16:28| OGI

Oil was on track for its biggest monthly drop in six months on May 31 as U.S. President Donald Trump ramped up trade tensions, weighing on the demand outlook.

Tags: months trade monthly oil

 

Marketed: Cabot Oil & Gas West Texas Properties, Nearly 90,000 Net Acres

2019-05-31 14:55:49| OGI

Cabot Oil & Gas retained EnergyNet for the sale of West Texas properties including assets in the Permian Basin through a sealed-bid offering closing June 19.

Tags: net west properties texas

 

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