Fox Business. – 21 Jan, 2019 – Despite the ongoing partial government shutdown, U.S. oil and gas will continue to flow because the Trump administration has deemed that energy production is essential for the good of the U.S. economy, not to mention his desire to keep prices at the pump…
The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts deal with Russia and thawing U.S.-China trade relations have given the market a boost. https://www.bloomberg.com/news/articles/2019-01-15/permian-shale-oil-boom-holds-good-news-and-bad-news-for-opec
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USGS: Permian’s Wolfcamp is largest potential oil and gas resource ever assessed. The Permian Basin’s Wolfcamp and Bone Spring formations in West Texas and New Mexico hold the most potential oil and gas resources ever assessed, the U.S. Interior Department said Thursday.
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