A new government forecast says oil output will increase to record levels in the Permian Basin in Texas and New Mexico while production will also grow in Oklahoma’s Anadarko Basin. In its Productivity Report this week, the U.S. Energy Information Administration said the Permian Basin will see its production in June rise 88,000 barrels …
May 18, 2022 archive
US and World energy headlines
** A federal study concludes that distributed wind capacity could meet more than half of the country’s current annual electricity use. ** Baker Hughes announced that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on June 10, 2022 to holders of record on May 31, 2022. ** An Arkansas court issues a ruling generally …
Kinder Morgan plans to transport more natural gas out of Permian
Another effort was announced this week to move more natural gas out of the Permian Shale basin with the announcement by Kinder Morgan. The firm said it planned to expand the Gulf Coast Express pipeline. Click here for Reuters
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