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Houston Energy Insider
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Houston’s #1 source for all things energy
Houston’s #1 source for all things energy

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For the first time since early 2015 U.S. oil production increased for the second consecutive month in November 2016. U.S. Energy Information Administration reports today that increased drilling activity in Texas and New Mexico, as well as the start of a…

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An unexpected announcement from Beijing last weekend stating that it is banning coal imports from North Korea is causing quite the ruckus in China’s coal market, traders are scrambling for supplies of coal which is used in steal-making and heating. Last…

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Canadian pipeline giant Enbridge is on track with its original plan to close its $28 billion acquisition of Spectra Energy, a Houston-based company, in March according to the company. They have confirmed the U.S Federal Trade Commission signed off on the…

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After releasing well results from its new West Texas discovery Alpine High, shares of Apache Corp. fell in early trading Tuesday. Some analysts viewed the results as disappointing. Apache Corp, a Houston-based company, announced in September the new oil…

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Noble Energy cut its loses by 60 percent when compared to last year due to reduced losses and expenses and increased revenues, according to earnings released on Monday. Noble is an oil and gas production company based in Houston, it posted $252 million in…

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Oil prices drop Wednesday over concerns that OPEC would not be able to maintain its high compliance so far with output cuts aimed at reining in a global fuel supply overhang. Brent crude futures were trading at $55.80 per barrel at 0115 GMT, down 17 cents…

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The recovery of U.S shale oil is expected to quicken next month as more crude-producing regions return to growth, says the U.S Energy Information Administration’s latest drilling productivity report. The EIA predicts U.S shale oil production in seven…

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OPEC members seem to be adhering to agreed production cuts, meanwhile Saudi Arabia is overcompensating for some of its fellow oil producers. The deal was made late last year and it requires that 10 member sates reduce their collective output by 1.2…

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In a quest to continue their acquisitions in the area, Parsley Energy is buying rights to undeveloped acres in the heart of West Texas’ Permian Basin from Double Eagle Energy for $2.8 billion. This will be the 10th largest purchase in the basin that has…

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Houston-based Phillips 66 close out a “disappointing” quarter and year after its quarterly profit fell 75 percent from 2015. Phillips 66’s refining business lost $95 million in the first quarter, but luckily their profits in the chemical and specialty…
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