Halcon Resources to Shed Some Williston Assets
Oil producer Halcon Resources Corp said on Tuesday it would sell assets it operates in the Williston Basin to Bruin E&P Partners for $1.4 billion in cash, as it looks to focus on the more lucrative Delaware Basin. Halcon shares were up 40 percent at $6.30 in premarket trading. The Delaware basin, part of the larger Permian Basin, has seen a slew of land acquisitions as producers scramble to gain or expand positions in the top U.S. oil field.
Pipeline Fight Moves from Dakotas to Louisiana
When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Pipeline companies later secured her permission for two more lines, one of which has since caused flooding and consistently leaves her land saturated. Now she's had enough. Rosinski is fighting the latest request for a right-of-way…
Colder 2016-17 Winter to Boost U.S. oil and gas Demand
The U.S. summer driving season ends with Labor Day on Sep 5, and the attention of the energy markets is already switching to the forthcoming winter heating season. The winter of 2015/16 was the warmest on record, which sharply reduced consumption of both natural gas and heating oil (http://tmsnrt.rs/2bhIGoL). Average winter temperatures are very variable, but the winter of 2016/17 will almost certainly be colder…
US Could Eliminate Energy Imports -EIA
EIA's AEO2015 projects that U.S. The Annual Energy Outlook 2015 (AEO2015) released today by the U.S. Energy Information Administration (EIA) presents updated projections for U.S. energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices.
U.S. Corn Harvest Competes With Oil Transport
The giant corn harvest about to hit full stride in America's Midwest looks set to overwhelm storage and pile up outdoors, grain industry sources said, raising quality issues and making it hard to keep supplies moving. This year's record corn crop of 14.4 billion bushels alone would fill up 60 percent of the country's grain storage of 24 billion bushels. In total…
Oil Traffic may Delay US Fertilizer Shipments
Increasing use of railroads to ship crude oil could disrupt fertilizer cargo this spring as Midwest farmers prepare for planting, U.S. agriculture leaders warn, even as one railroad said on Monday it will take steps to ensure timely deliveries. The planting season is nearly at hand in states such as the Dakotas and Minnesota, where soybean, wheat and corn growers…
