Texas braces for massive layoffs amid oil slump – CBS News


CBS News
Texas braces for massive layoffs amid oil slump
CBS News
MIDLAND, Texas — In Texas oil country, lower oil prices have led to prayers at the Jack County Courthouse for families who depend on oil drilling to make a living. The state is home to the Permian Basin, the nation’s leading oil-producing region
Moody’s Puts 10 Texas Oil Patch Credits on Review for DowngradeBond Buyer
Oil prices slide, optimism doesn’tEagleFordTexas.com
Extractors wait, watch, wonder, drill in PermianSan Angelo Standard Times

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KRG tanker unloads in Israel after abandoning US delivery – Iraq Oil Report


NRT
KRG tanker unloads in Israel after abandoning US delivery
Iraq Oil Report
… at the port of Ashkelon, having abandoned its quest to deliver crude to the U.S.The United Kalavryta, carrying more than 1 million barrels of oil produced and exported by the Kurdistan Regional Government (KRG), sailed away from Texas in late January.
KRG oil unloaded in IsraelNRT

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Analyst who predicted oil price rebound now sees further decline – Calgary Herald


Calgary Herald
Analyst who predicted oil price rebound now sees further decline
Calgary Herald
“I’m not sure production is falling quickly enough.” The longer the oil price remains above a level that allows shale oil to keep pumping, “there’ll be technology gains and efficiency improvements so that North American shale can be developed more
Saudis’ Bold Gambit Paying Off Just Three Months Later: EnergyBloomberg
US Oil Prices SoarWall Street Journal
This Week In Energy: Data Pointing To Another Fall In Oil PricesOilPrice.com
24/7 Wall St. –Fox Business –Financial Times
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How Acme Oilfield Services is taking full advantage of the oil downturn – Dallas Business Journal


Dallas Business Journal
How Acme Oilfield Services is taking full advantage of the oil downturn
Dallas Business Journal
That begs the question: Where does all this idle drilling equipment go? A lot of it ends up being bought for cheap at auction by companies such as Acme Oilfield Services. The Tyler-based company is amassing a huge stockpile of equipment that will be

Amid oilfield layoffs, employment strains ease for retailers, restaurants – Midland Reporter-Telegram


Midland Reporter-Telegram
Amid oilfield layoffs, employment strains ease for retailers, restaurants
Midland Reporter-Telegram
Though official numbers have not yet been released, it is estimated that oil field-related layoffs have affected a few thousand jobs in the region, according to predictions made by the Midland-Odessa regional economic index. Many of these workers are

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Oil Price Decline Leads to Consumer Price Index Drop – U.S. News & World Report


U.S. News & World Report
Oil Price Decline Leads to Consumer Price Index Drop
U.S. News & World Report
The average prices consumers paid for a bundle of pre-defined goods and services declined for a third consecutive month in January, weighed down by an embattled energy sector. The Labor Department’s consumer price index released Thursday dropped …
Falling oil price drags down US inflationFinancial Times
Rising Prices Minus Gas Support Fed Inflation View: EconomyBloomberg
Oil price plunge pushes US into deflationFT Adviser
BBC News –Action Forex –Nasdaq
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Saudis' Bold Gambit Paying Off Just Three Months Later: Energy – Bloomberg


Wall Street Journal
Saudis’ Bold Gambit Paying Off Just Three Months Later: Energy
Bloomberg
(Bloomberg) — Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working. U.S. drillers are idling rigs at a record pace, gutting investment plans and laying off thousands of workers.
Oil’s Big Swings Are the New NormalWall Street Journal
OPEC’s Strategy Is Working Claims Saudi Oil MinisterOilPrice.com
Crude Oil Price Slips as Supplies Continue to Surge24/7 Wall St.
UPI.com –Christian Science Monitor –Financial Post
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Despite low prices, Texas oil group stays optimistic – Midland Reporter-Telegram


Midland Reporter-Telegram
Despite low prices, Texas oil group stays optimistic
Midland Reporter-Telegram
A floor hand signals to the driller to pull the pipe from the mouse hole on Orion Drilling Co.’s Perseus drilling rig near Encinal in Webb County, Texas, U.S., on Monday, March 26, 2012. The Perseus is drilling for oil and gas in the Eagle Ford Shale, …
Oil, NatGas Were Texas Taxman’s Friend in 2014Natural Gas Intelligence (subscription)
TEXAS MONTHLY OIL AND GAS STATISTICSGilmer Mirror
State oil and gas industry posts record revenue payments in 2014Marcellus.com
Texas Monthly (subscription)
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Texas oil association warns of economic hit, urges restraint on local drilling … – Dallas Morning News (blog)


Dallas Morning News (blog)
Texas oil association warns of economic hit, urges restraint on local drilling
Dallas Morning News (blog)
The question of local control over oil and gas came to a head last year when Denton voters passed a referendum banning hydraulic fracturing within city limits. The Texas oil association, along with the state General Land Office, have both sued Denton …
Texas oil industry group supports hiring more state inspectorsFort Worth Star Telegram
Staples: Texas oil and gas paid $15.7 billion for schools, roadsAustin American-Statesman
Texas producers paid record amont of state and local taxes last yearFuelFix (blog)
Victoria Advocate –Dallas Business Journal
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Technology could make treatment and reuse of oil and gas wastewater simpler … – Phys.Org

Technology could make treatment and reuse of oil and gas wastewater simpler
Phys.Org
Oil and gas operations in the United States produce about 21 billion barrels of wastewater per year. The saltiness of the water and the organic contaminants it contains have traditionally made treatment difficult and expensive.
New Oil & Gas Wastewater Treatment Process Removes Contaminants Environmental Leader

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Oil price plunge could hit UK jobs after 'bleak' 2014 – The Week UK


The Week UK
Oil price plunge could hit UK jobs after ‘bleak’ 2014
The Week UK
The UK oil and gas industry has reported its worst annual performance in 40 years, after the oil price plunged in the second half of 2014. Oil & Gas UK, which represents energy companies, said the sector invested £5.3bn more than it earned from sales
Is Oil Returning To $100 Or Dropping To $10?OilPrice.com
How Low Can Oil Prices Go?Truckinginfo (blog)

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Crude Oil Price Slips as Supplies Continue to Surge – 24/7 Wall St.


Wall Street Journal
Crude Oil Price Slips as Supplies Continue to Surge
24/7 Wall St.
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.4 million barrels last week, maintaining a total U.S. commercial crude inventory of 434.1 …
Oil Prices Gain on Demand ExpectationsWall Street Journal
Brent crude up 5 percent as Saudi sees improved demand for oilReuters
Alberta to bleed 31800 jobs by end of year in oil price carnageFinancial Post
Bidness ETC –MarketWatch –CNBC
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Despite Low Prices, Texas Oil Group Stays Optimistic – Texas Tribune


Texas Tribune
Despite Low Prices, Texas Oil Group Stays Optimistic
Texas Tribune
Texasoil and gas industry is touting its record-breaking 2014 contributions to state and local government coffers, an effort to stay positive amid 2015’s far gloomier revenue outlook. State and local governments collected $15.7 billion in taxes and
Texas oil association warns of economic hit, urges restraint on local drilling Dallas Morning News (blog)
Texas oil industry group supports hiring more state inspectorsFort Worth Star Telegram
Taxes, royalties from oil, gas industry breaks records in 2014Victoria Advocate
Austin American-Statesman –Dallas Business Journal
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New technology dashes hopes for US$100 oil – South China Morning Post (subscription)


South China Morning Post (subscription)
New technology dashes hopes for US$100 oil
South China Morning Post (subscription)
Oil prices are unlikely to go back to US$100 a barrel because new technology is driving down the cost of production, said Larry Fink, the chief executive and co-founder of BlackRock, the world’s biggest money manager. “This is an oil shock that was …
Oil-Price Rebound to $100 Seen as Unlikely by BlackRock CEO FinkHellenic Shipping News Worldwide

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CU-Boulder technology could make treatment and reuse of oil and gas … – CU Boulder News & Events

CU-Boulder technology could make treatment and reuse of oil and gas
CU Boulder News & Events
Oil and gas operations in the United States produce about 21 billion barrels of wastewater per year. The saltiness of the water and the organic contaminants it contains have traditionally made treatment difficult and expensive. Engineers at the
Researchers simplify oil and gas wastewater treatmentdesalination.biz

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Enhanced Oil Recovery (EOR) Market By Technology (Thermal, Gas Injection … – GlobeNewswire (press release)

Enhanced Oil Recovery (EOR) Market By Technology (Thermal, Gas Injection
GlobeNewswire (press release)
San Francisco, California, Feb. 24, 2015 (GLOBE NEWSWIRE) — Global enhanced oil recovery (EOR) market is expected to reach USD 283 billion by 2020, according to a new study by Grand View Research, Inc. Growing global energy demand is expected …

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Libya's Largest Oil Field Shut Down Again on Power Failure – Wall Street Journal


Reuters
Libya’s Largest Oil Field Shut Down Again on Power Failure
Wall Street Journal
Libya’s largest oil field was shut down again Tuesday after heavy rain led to a power failure, a Libyan oil official said. The Sarir oil field had resumed oil flows on Sunday after repairs were made to a pipeline blown up by militants a week earlier
Oil turns lower on expectations of crude oil inventory riseReuters
Oil Rebounds After Libya’s Largest Field ShutsFox Business
Oil rebounds above $59 after Libya’s largest field shutsReuters UK
Blouin News Blogs
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