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The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the IEA.
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TPG Capital will pay $930 million to acquire a majority stake in Goodnight Midstream, a produced water infrastructure company active in the Bakken, Eagle Ford and Permian.
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The auction sold 1,350 lots, or 1.35 million barrels, of storage to five participants, spread across six monthly contracts: May 19, June 19, July 19, August 19, September 19 and October 19.
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Co-located with Milestone’s existing Orla slurry injection facility, which opened in July 2018, the new 80-acre landfill will accept all RCRA-exempt oilfield waste streams, including cuttings and contaminated soils, with room to expand capacity.
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MGX Minerals Inc. intends to recover lithium from produced water generated across the Marcellus shale play on the eastern U.S. The Canadian-based company has created a system that can separate lithium from brine water.
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The compact changes the current 50-50 tax revenue split so that 80 percent of the production and extraction tax revenue from new wells on tribal trust lands would go to the tribe and 20 percent would go to the state.
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Two years into life as a public company, Tellurian is making major strides to becoming a global supplier of liquefied natural gas (LNG) sourced from U.S. shale fields.
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The company believes there is a possibility for growth opportunities in three areas of the services sector: margin enhancement, technological innovation and consolidation.
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ExxonMobil has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024, an increase of nearly 80 percent and a significant acceleration of value.
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Oasis Petroleum is focusing on generating free cash flow at oil prices in the $50/barrel West Texas Intermediate range. The Williston Basin and Delaware Basin operator will spend less capital this year to do so.
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