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The slide in West Texas Intermediate (WTI) crude prices-down 31% since October 3-have caused oilfield operators to guide down expected activity in 2019, which Rystad believes will slow down pipeline.
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That said, Texas is a big place, so some markets will do better than others. Houston and smaller markets with a large energy-related sector – Odessa, Beaumont, Midland – are strongly affected by the.
NEW YORK (Reuters) – Sales tax receipts in the thriving oil town of Midland, Texas, fell this month. investment and large construction projects. Now, a 50 percent drop in oil prices since June to.
Already this year, crude producers are seeing stronger prices and more capacity on the horizon. With the startup of projects like plains’ sunrise expansion, the discount held by WTI locked in at the.
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Oryx will retain its name and continue to be headquartered in Midland, Texas. storage and approximately 1,200 miles of in-service and under-construction pipeline span eight counties in Texas and.
When Joe Forsythe returned to the West Texas oilfields. third of clients at Midland’s Springboard drug rehabilitation center are currently involved in the oil and gas industry, said Executive.
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