What You Need To Know In Oil And Gas Today – 5.10.2017

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public domain black tank battery
public domain black tank battery

Here are the Top Dozen Oil & Gas stories for May 10, 2017, taken directly from the @GDBlackmon Twitter Feed:

 

Misleading header of the day.  Sadly typical from the Texas news media.  This is a great bill reauthorizing the most widely respected oil and gas regulatory agency on the face of the earth, a fact the Texas media will never mention.  It greatly beefs up the regulatory staff at the Railroad Commission, and provides funds to modernize the agency’s systems.  Anyone who criticizes this action by the legislature is a crank who simply cannot be satisfied.  That the Texas Tribune tailors its reporting to the views of such chronic complainers really tells us all we need to know about that publication.: Legislature passes much-criticized bill reforming oil and gas regulatory agency 

And the legislature is right.: Legislature says Texas Railroad Commission name doesn’t need changing 

Maybe not the best idea.: Shale Drillers Are Outspending the World With $84 Billion Spree  via @markets

Big potential deal here.: Petrobras looks to sell Texas refinery for $200 million: Bloomberg  via @Reuters

Good. Increases are long overdue.: Raising the Gas Tax Is No Longer Taboo In Many States

Cool.: San Antonio-based Tesoro wins first Pemex pipeline and storage contract  via @expressnews

Wouldn’t count on this just yet.: U.S. Oil Output to Hit a Record in 2018  via @markets

You don’t say…: Oil investors cut their bets on higher oil prices  via @WSJ

It’s all in the eye of the beholder.: Abraxas reports ‘superb’ fourth quarter loss of $5.3 million  via @expressnews

Ugh.: Top Oil Trader Warns Shaky Demand Risks Thwarting OPEC’s Aim via @markets

Well, let’s be honest here – it really doesn’t take much effort.: Document Shows How Environmentalists Trick The Media Into Attacking Fracking 

Ummm, no. #Fakenews from a fake news outlet.: Can This 36-Year-Old Unseat the Biggest Climate Denier in Congress? 

That’s all for today.  Check back in tomorrow for another dozen Things You Need To Know In Oil And Gas.

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