Episode 2 - OPEC Surge Impacts Storage, Price Still Fluctuating, and EPCO Purchases Assets
Today’s episode covers the drop in oil prices last week, followed by the drop in U.S. OilSupply this week which caused prices to destabilize. Also noted were key mergers,acquisitions, sells, and other oil and gas activity in the Great State of Texas.http://www.marketwatch.com/story/oil-prices- rally-boosted- by-weaker- dollar-and- drop-in- us-supply-2017- 03-16https://www.forbes.com/sites/clairepoole/2017/03/13/deal-making- frenzy-in- the-permian- basin-expected-to- spread/#2dec00d35c54http://www.ogfj.com/articles/2017/03/texas-oil- and-gas- activity-rally- continues-into-second-month.htmlhttp://www.naturalgasintel.com/articles/109774-enterprise- buying-bankrupt-azure- midstreams-east- texas-north- louisiana-assetshttp://www.bizjournals.com/sanantonio/news/2017/03/14/mmex-takes-financial-steps- toward-new- refinery.htmlRig Counts from Baker Hughes: U.S. is up 12, for a total of 768. 392 of those are inTexas. Permian, 268. Eagleford, 68. Total of 332 of the 392 are in Permian and Eagleford.Contact the Show:www.globalenergymedia.com/contact
