Natural Gas News – July 30, 2018

Natural Gas News – July 30, 2018

Daily Oil, Natural Gas Production in Texas Grows in May 2018

Kallanish Energy reported: The Railroad Commission of Texas reported that initial May 2018 production totaled 87,665,663 barrels of crude oil and 597,820,360,000 cubic feet of natural gas from oil and gas wells. Those are preliminary figures and will be updated and corrected by operators, the state agency said. Production reported to the commission in May 2017 was 76,381,908 barrels of crude oil, updated to the current 92,567,068 barrels, and 560,452,280,000 of natural gas, updated to the current figure of 677,750,728,000 cubic feet, Kallanish Energy reports . From June 2017 through May 2018, total Texas production was 1.125 billion barrels of crude oil and 8 trillion cubic feet of total natural gas. Condensate is listed separately in Texas. In May 2018, Texas averaged 2,827,925 barrels of crude oil per day, up from 2,463,933 barrels daily average in May 2017. For more on this story visit kallanishenergy.com or click https://bit.ly/2AobQPP

Bigger Oil Pipelines Are Coming to West Texas to Ease Bottleneck

Wall Street Journal reported: Epic Midstream Holdings LP said last year it would build its first oil pipeline in America’s most active oil field. It won’t be finished until next year, but already Epic Midstream is considering making it bigger. The upstart company, backed by private equity, had been planning to build a conduit capable of carrying 440,000 barrels a day from West Texas to Corpus Christi on the Gulf Coast. Now, it’s considering enlarging it to 675,000 barrels a day, after interest picked up in recent months. “We’re taking a look at upsizing very cautiously,” said Epic Midstream Chief Executive Phil Mezey. It plans to make a decision in coming weeks. Bottlenecks have become a problem in the Permian Basin of Texas and New Mexico at the center of the shale boom. Drillers are pumping so much oil and gas that pipelines considered more than adequate just a few years ago now are overwhelmed. For more on this story visit wsj.com or click https://on.wsj.com/2mSkGMc

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Make a Call

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote