The New Permian Benchmark?

The New Permian Benchmark?

BHP announced their plans to divest their U.S. shale assets, including a 123,000-acre position in the heart of the Delaware Basin. This acreage position, in terms of a pricing evaluation, could rival the Exxon acquisition of the Bass family’s assets, which totaled...
The Week Ahead: Harvey Update

The Week Ahead: Harvey Update

CRUDE OIL • US crude oil inventories decreased by 5.4 MMBbl, according to the weekly EIA report. Inventories of gasoline were flat while distillate inventories increased by 0.7 MMBbl. Total petroleum inventories declined 1.75 MMBbl. US production was up a slight 2...