Skyrocketing West Texas Land Prices Have Oilmen Uneasy – Wall Street Journal


Wall Street Journal
Skyrocketing West Texas Land Prices Have Oilmen Uneasy
Wall Street Journal
ODESSA, Texas—Wall Street investors have fallen in love with properties in the Permian Basin, and that is making some West Texas oil men nervous. Even though a barrel of oil commands half what it did two years ago, the price being paid by companies
Energy Briefs for Oct. 30Midland Reporter-Telegram

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Why an analyst thinks we've just entered the 'sweet spot' for oil prices – CNBC


CNBC
Why an analyst thinks we’ve just entered the ‘sweet spot’ for oil prices
CNBC
The global head of energy analysis for the Oil Price Information Service (OPIS) highlighted that issues would arise in any agreement because a freeze would be occurring at record production levels. From there, Kloza doesn’t feel that non-OPEC member …
Crude Oil Prices Forecast: OPEC Continues To Test Market PatienceEconomic Calendar
More OPEC Exemption Requests Spur Wagers on Oil Price SlumpBloomberg
OPEC Meeting In A Deadlock: Two Of The Top-Four Producers Say No DealOilPrice.com
NEWS.com.au –Rapid City Journal
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Is the Era of Oil Megaprojects Over? – OilPrice.com


Hellenic Shipping News Worldwide
Is the Era of Oil Megaprojects Over?
OilPrice.com
To make a long story short, everyone in Big Oil is slashing spending, which is nothing new given the lower for longer price environment. The new bit is that these cuts are no longer just a knee-jerk reaction to low oil prices—they are the core of a
Exxon warns low oil prices may dent reserves nearly 20 percentBusiness Recorder (press release) (registration) (blog)
Oil bust: Industry faces long recovery as prices stay low – News …Daily Comet
Big oil companies are about to gush red — here’s why analysts aren …Hellenic Shipping News Worldwide

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Saudi Arabia's Oil War Gained It 1% Market Share – Which It Is About To Lose – OilPrice.com


The Sun Daily
Saudi Arabia’s Oil War Gained It 1% Market Share – Which It Is About To Lose
OilPrice.com
Saudi Arabia has wielded immense power over both the oil producers and consumers based on its proven oil reserves. It not only has the second largest proven oil reserves at 266 billion barrels, its cost of producing a barrel of oil is as low as $8.98 a
China May Be The Oil Market’s True Master PuppeteerSeeking Alpha
Ringgit likely to strengthen against US dollar next week on oil price reboundThe Sun Daily
Can Saudi Arabia’s Fast-Talking Crown Prince Wean the Kingdom Off Oil?NBCNews.com

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Photo of the Week: The Raging Inferno of Iraq's Oil Fields – WIRED


WIRED
Photo of the Week: The Raging Inferno of Iraq’s Oil Fields
WIRED
As Iraqi and Kurdish forces join US allies taking back Mosul, retreating Islamic State forces are setting fire to oil fields and other chemical facilities, burning some 5,000 barrels daily and blanketing the region in acrid smoke. Getty photographer
Islamic State Terrorists (ISIS-Daesh) Set Iraqi Oil Fields on FireCenter for Research on Globalization
Coalition raids kill 5 civilians near ISIL-held Mosulwww.worldbulletin.net

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Oilfield Wastewater Used to Grow Food in California May Contain … – Truth-Out


Capital Public Radio News

Expert Commentary: The OPEC Oil Rally Is Over – OilPrice.com


CNBC
Expert Commentary: The OPEC Oil Rally Is Over
OilPrice.com
Oil moved in a narrow $49-$51 range early this week before settling near $49.70 Thursday afternoon. On the bearish side, Russia and Iraq offered uncooperative sound bites regarding production cuts which added to skepticism that exporters will be able
Oil settles down 2% at $48.70, records biggest weekly loss since mid-SeptemberCNBC
Oil prices log a loss, snap weekly win streak as major producers prep for confabMarketWatch
Oil ends week down on uncertainty over OPEC cutsReuters
UPI.com –Financial Times –Fox Business
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Oil Markets Don't Buy The OPEC Deal Just Yet – OilPrice.com


Reuters
Oil Markets Don’t Buy The OPEC Deal Just Yet
OilPrice.com
Oil prices faltered in the second half of this week, on deteriorating expectations of an OPEC deal. Prices regained some ground on Thursday following EIA data showing a surprise drawdown in crude oil stocks after the market predicted an increase
Exxon warns low oil prices may dent reserves nearly 20 percentReuters
Exxon Mobil Beats Q3 EPS Expectations, But Oil Price Volatility And SEC Investigation Are ConcerningSeeking Alpha
Exxon Concedes It May Need to Declare Lower Value for Oil in GroundNew York Times
DIGITALLOOK
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Chevron Q3 Earnings Trounce Analyst Estimates – OilPrice.com


Reuters
Chevron Q3 Earnings Trounce Analyst Estimates
OilPrice.com
Chevron Corporation (NYSE:CVX) reported on Friday a third-quarter net income that beat analyst estimates by a wide margin, saying that the earnings reflected an improvement from the previous two quarters. Chevron booked a net income of US$1.283 …
Chevron profit drops on weak oil price, but beats forecastsReuters

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Vote looms on reform of Railroad Commission – San Angelo Standard Times


Midland Reporter-Telegram
Vote looms on reform of Railroad Commission
San Angelo Standard Times
Despite its name, the Railroad Commission hasn’t regulated railroads in years. Instead, it’s the chief regulator of the Texas oil and gas industry. The Sunset Commission staff is again recommending that the Railroad Commission’s name be changed to the …
Seliger OK with using rainy day fund to help RRCMidland Reporter-Telegram

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Understanding Marathon Oil's Lease Operating Expense Guidance – Market Realist


Market Realist
Understanding Marathon Oil’s Lease Operating Expense Guidance
Market Realist
In August 2016, Marathon Oil (MRO) reduced its fiscal 2016 LOE (lease operating expenses) guidance for the North America region. Marathon Oil now expects its North America 2016 LOE to be in the range of $6.00–$7.00 per boe (barrel of oil equivalent), …

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