FROM THE OIL PATCH

Oil industry stabilizing, but painful recovery ahead
HEADLINES OF INTEREST

Oil industry stabilizing, but painful recovery ahead

The global pandemic knocked the wind out of New Mexico’s oil and gas industry last spring, but as the economy gradually reopens, stability is slowly returning. Most local producers closed the spigots on existing wells and largely ceased drilling on new ones during the height of the crisis in May,

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How The Oil Crash Solved The Permian Pipeline Problem

How The Oil Crash Solved The Permian Pipeline Problem

While Permian oil and gas production was soaring in 2018, U.S. midstream operators were planning and building pipeline takeaway capacity, expecting that the largest U.S. shale play would increase output for years to come, even if at a slower pace than before. Pipeline companies rushed to invest in and complete

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U.S. Oil Exports Continue To Decline

U.S. Oil Exports Continue To Decline

Declining global oil and fuel demand in the pandemic pushed U.S. crude oil exports down from their record-high of 3.7 million barrels per day (bpd) in February in each month through June, the Energy Information Administration (EIA) said on Tuesday.   U.S. exports of crude oil fell from 3.708 million bpd in

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