West Newswire

West Newswire

Comprehensive Real-Time News Feed for West, TX.

Results 1 - 20 of 137 for "u:bloomberg.com" in West, TX

  1. Permian Shale Producers Take the StrainRead the original story w/Photo

    Monday Apr 17 | Bloomberg

    Liam Denning is a Bloomberg Gadfly columnist covering energy, mining and commodities. He previously was the editor of the Wall Street Journal's "Heard on the Street" column.

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  2. Blackstone to Buy Permian Basin Pipelines for $2 BillionRead the original story

    Monday Apr 17 | The Washington Post

    Blackstone Group LP agreed to acquire pipeline company EagleClaw Midstream Ventures LLC for about $2 billion in cash, the latest deal in the prolific Permian Basin of West Texas. The transaction, which includes more than 375 miles of natural gas pipes, is expected to close by the end of July.

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  3. Blackstone to Buy Permian Basin Pipelines for $2 Billion an hour agoRead the original story w/Photo

    Monday Apr 17 | Bloomberg

    EagleClaw Midstream Ventures LLC for about $2 billion in cash, the latest deal in the prolific Permian Basin of West Texas. The transaction, which includes more than 375 miles of natural gas pipes, is expected to close by the end of July.

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  4. Oil in Biggest Rally Since December as Saudis Seen Backing CurbsRead the original story

    Wednesday Apr 12 | The Washington Post

    Oil is riding the longest winning streak since December on optimism Saudi Arabia will support an extension to OPEC-led output cuts just as U.S. stockpiles show signs of shrinking. Futures in New York were holding gains after rising 6.3 percent in the previous six sessions.

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  5. The Oil Giant Hidden in the World's Biggest Mining OutfitRead the original story w/Photo

    Monday Apr 10 | The Washington Post

    The usual suspects have planted their flags along the dusty byways of the Permian Basin, declaring where they've staked claims. There are names like Royal Dutch Shell Plc, Anadarko Petroleum Corp., Pioneer Natural Resources Co.

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  6. Singer's BHP Gambit Shines Light on Little-Known Oil GiantRead the original story

    Monday Apr 10 | The Washington Post

    The usual suspects have planted their flags along the dusty byways of the Permian Basin, declaring where they've staked claims. There are names like Royal Dutch Shell Plc, Anadarko Petroleum Corp., Pioneer Natural Resources Co.

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  7. Texas Drillers Face Threat of Too Much Oil, Too Few PipelinesRead the original story w/Photo

    Thursday Mar 30 | Bloomberg

    Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago. West Texas Intermediate crude at Midland, Texas, the heart of the Permian Basin, sank this month to the lowest level since September.

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  8. The Other Permian Shale BoomRead the original story w/Photo

    Thursday Mar 30 | Bloomberg

    Liam Denning is a Bloomberg Gadfly columnist covering energy, mining and commodities. He previously was the editor of the Wall Street Journal's "Heard on the Street" column.

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  9. Newest Texas Refineries Plan to Turn Shale Into Fuel for MexicoRead the original story

    Wednesday Mar 29 | The Washington Post

    The newest oil refineries in Texas are looking to join the hottest two plays in the North American oil industry. Raven Petroleum LLC and MMEX Resources Inc. are building refineries in the Eagle Ford and Permian Basin that will process ample local supplies of light crude into gasoline and diesel.

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  10. Mexico Will Hedge Oil Export Prices for Next Year, Rubio Says an hour agoRead the original story w/Photo

    Saturday Mar 25 | Bloomberg

    Mexico plans "without a doubt" to protect the country against low crude prices for next year, Deputy Finance Minister Vanessa Rubio said in an interview, in a continuation of what's become the world's largest commodities hedging program. The amount of Mexico's export basket to be protected through market operations, versus through its stabilization fund, has yet to be determined, Rubio said in an interview on the sidelines of a banking conference in Acapulco.

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  11. OPEC Cuts Pad Wallets of North American Heavy Oil ProducersRead the original story w/Photo

    Thursday Mar 23 | Bloomberg

    OPEC's supply cuts are providing a windfall for producers of heavy crude from Western Canada and the Gulf of Mexico. Prices for Western Canadian Select and Mars grades have strengthened relative to benchmark West Texas Intermediate since OPEC began implementing its reductions this year.

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  12. Exxon Spells Out Why It Needs the PermianRead the original story w/Photo

    Mar 22, 2017 | Bloomberg

    Liam Denning is a Bloomberg Gadfly columnist covering energy, mining and commodities. He previously was the editor of the Wall Street Journal's "Heard on the Street" column.

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  13. Big Oil's Plan to Buy Into the Shale BoomRead the original story w/Photo

    Mar 21, 2017 | Bloomberg

    A gas flare is seen through the window as Royal Dutch Shell's Scott W. Scheffler drives near Mentone, Texas, in Loving County situated in a central portion of the Delaware Basin, on Thursday, March 2, 2017. Exxon Mobil Corp. , Royal Dutch Shell Plc and Chevron Corp. , are jumping into American shale with gusto, planning to spend a combined $10 billion this year, up from next to nothing only a few years ago.

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  14. Oil Giants Upending Shale Turf Where Wildcat Drillers Once RuledRead the original story

    Mar 21, 2017 | The Washington Post

    Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp., are jumping into American shale with gusto, planning to spend a combined $10 billion this year, up from next to nothing only a few years ago. The giants are gaining a foothold in West Texas with such projects as Bongo 76-43, a well which is being drilled 10,000 feet beneath the table-flat, sage-scented desert, and which then extends horizontally for a mile, blasting through rock to capture light crude from the sprawling Permian Basin.

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  15. Weak Physical Oil Market Hits $50 Billion Hedge Funds' BetRead the original story

    Mar 17, 2017 | The Washington Post

    The real world of oil trading -- where actual cargoes are bought and sold -- is doing little to help the hedge funds and other speculators who placed record bets that OPEC and its allies would drive up prices. Saudi Arabia, Russia and other big producers are trying to clear a global crude glut, but three months into the effort the physical oil market is still signaling plentiful supplies.

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  16. Watchdog for Industrial Disasters to Be Purged in Trump's BudgetRead the original story w/Photo

    Mar 17, 2017 | Bloomberg

    Chemical Safety Board found that putting workers in temporary trailers near danger zones at the plant raised the death toll. The example is just one of dozens over the past decade involving the independent agency, which has been targeted for elimination in President Donald Trump's preliminary budget.

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  17. Oil at $40 No Problem as U.S. Drillers Snub OPEC With HedgesRead the original story

    Mar 15, 2017 | The Washington Post

    American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14 percent slide in prices this year from a high of $55.24 to less than $48 a barrel Tuesday. The price would have to drop to the $30s or lower to dent the bottom line of many drillers now working U.S. shale fields, said Katherine Richard, the CEO of Warwick Energy Investment Group, which own stakes in more than 5,000 oil and natural gas wells.

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  18. Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges an hour agoRead the original story w/Photo

    Mar 14, 2017 | Bloomberg

    American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14 percent slide in prices this year from a high of $55.24 to less than $48 a barrel Tuesday. The price would have to drop to the $30s or lower to dent the bottom line of many drillers now working U.S. shale fields, said Katherine Richard, the CEO of Warwick Energy Investment Group, which own stakes in more than 5,000 oil and natural gas wells.

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  19. Drilling Boom in Hottest U.S. Oil Play Is Bad News for Gas Bulls an hour agoRead the original story w/Photo

    Mar 13, 2017 | Bloomberg

    As explorers extract crude from the Permian shale in West Texas, they're also producing gas. A jump in the number of rigs operating in the basin is adding to the so-called fracklog, or the number of drilled wells that are waiting to be connected.

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  20. Oil Trader Vitol Sees `a Lot More' Growth in U.S. Crude ExportsRead the original story

    Mar 10, 2017 | The Washington Post

    Vitol Group BV, the trader that shipped the first cargo of U.S. crude after export restrictions ended in late 2015, predicts the country's oil exports will grow "a lot more" because of rising production in Texas. U.S. crude shipments briefly surged to a record 1.21 million barrels a day in mid-February, up from 32,000 in 2010, when most of the country's production couldn't be sold overseas because of a 40-year-old ban.

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