Forget the Permian Basin: This Oil Basin Is Where the Growth Is Right Now The Permian Basin, which stretches across western Texas and the southeast corner of New Mexico, is the fastest-growing oil-producing region in the world. Output currently stands at around 3.3 million barrels per day (BPD) and has increased an astounding 800,000 BPD … Continue reading Forget the #Permian_Basin: This Oil Basin Is Where the Growth Is Right Now →

BP Makes $10.5 Billion Shale Deal, Its Biggest Since Deepwater Horizon LONDON — BP has effectively declared that it has recovered from the Gulf of Mexico disaster. The London-based energy giant said late Thursday that it would buy an enormous portfolio covering 470,000 acres of shale oil and gas properties in Texas and Louisiana from … Continue reading BP Makes $10.5 Billion Shale Deal, Its Biggest Since Deepwater Horizon →

China Is About to Shake Up the Oil Futures Market It’s taken a quarter of a century, but China’s finally getting its own oil futures. At 9 a.m. local time on Monday, crude contracts will begin trading on the Shanghai International Energy Exchange . The world’s biggest oil buyer is offering yuan-denominated futures that foreigners … Continue reading #China Is About to Shake Up the Oil Futures Market →