splc-r
United States
Click on the title to go to the document.
This article provides information on the breakup of Motiva by Shell Oil & Aramco.
Giant Sinkhole Collapses Near City 7/28/09
Eddie Garcia
CBS 7 News
July 28, 2009
Denver City, Texas - A giant geographical phenomenon has opened up just two miles northeast of Denver City. The enormous sink hole opened up just last night and is on Occidental Permian Inc. property. Company officials would not allow us near the site but did provide us with aerial photos. It is a sinkhole 70 yards long almost 70 yards wide and about 50 feet deep. Permian Occidental says all the wells in the area have been shut-in as a precaution.
So far no injuries are being reported or any impacts outside the immediate vicinity of the hole. Local and state authorities have been notified and are now working with Occidental crews. Right now an independent fire and safety company is on location and the entire area is secured
Here is an article that was sent in by Ed Renner showing the worlds largest oil and gas companies. It might surprise you. Click on above title to see the article.
Looks like crude oil production continues to tank from Cantarell, down 33% in November from year earlier levels. Total Mexican production down 7%. Depletion, and increasing Mexican internal demand, continue to paint a long term nightmare scenario here. Lower, and wildly volatile, crude prices will not add any incentives to spend the capx needed to stabilize this dog. God bless the energy markets.
Energy services companies among those eager to tackle natural gas work.
splc-r
United States