OutPut – Page 2 – By Rig Lynx
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Anti-Exxon campaign takes a hit with leaked memo | OutPut by Rig Lynx

A leaked memo obtained by the Daily Caller has suggested billionaire activist Tom Steyer was more deeply involved in the anti-Exxon campaign that was launched by New York’s Attorney General Eric Schneiderman back in 2015. The memo, which the Daily Caller cites in full, includes agenda items such as, “Weaken the political influence of the oil industry […]

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OPEC indecision possibility | OutPut by Rig Lynx

Back in 2011, when OPEC met to discuss raising oil production to offset the drop in Libya, resulting from the civil war, Saudi Arabia’s Ali al-Naimi called it “one of the worst meetings ever.” That meeting ended without consensus and this is likely to happen again this week, when the cartel meets to discuss another production increase. […]

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Longtail-1 success offers more deepwater work in Guyana for Exxon | OutPut by Rig Lynx

Exxon Mobil Corp. has made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block, the company said June 20. Exxon Mobil encountered about 78 m (256 ft) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 5,504 […]

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First Oil Refinery in Mongolia | OutPut by Rig Lynx

Mongolia will hold a ground-breaking ceremony for its first oil refinery in southeastern Dornogovi Province later this month, the country’s Foreign Ministry said Tuesday. The ceremony will take place on June 22 in Altanshiree soum (administrative subdivisions) of Dornogovi province, attended by Mongolian Prime minister Ukhnaa Hurelsukh and Indian Minister for Home Affairs Rajnath Singh, […]

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Oil Price Differential, Who Wins? | OutPut by Rig Lynx

A complex quandary is currently happening in the Permian Basin. Basis-differentials. In the energy sector, a basis-differential represents the difference in prices between locations. For example, the price received by a producer for a barrel of oil sold in Cushing, Okla., the WTI benchmark, is approximately $65. The price paid to sell that same barrel […]

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Balmorhea, Love Hate Relationship with Oil and Gas | OutPut by Rig Lynx

What is a reader to think when a newspaper story is accompanied by two almost diametrically-opposed headlines in the print and online editions? Readers of the San Antonio Express News were faced with that conundrum on June 15, when a story about how citizens in the West Texas town of Balmorhea were feeling about the development of […]

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Nuclear, Still Viable of Course | OutPut by Rig Lynx

Everybody wants to do something about nuclear waste. Nuclear plant operators and most House members want to bury it in Nevada. A bipartisan group of senators wants states to compete for it. And Bill Gates and other entrepreneurs want to reuse it as fuel in next generation reactors. Almost everybody is wrong to do so. Nuclear waste […]

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2021- Total Kicking off Production In Uganda

French oil major Total says it expects to start producing oil in Uganda in 2021 at the earliest, the second firm to suggest it will be unable to meet the 2020 target set by the East African country. Total, alongside China’s CNOOC, are the majority owners and operators of Uganda’s oilfields, while London-listed Tullow Oil […]

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64 Million Rate Cut in Oklahoma | OutPut by Rig Lynx

The Oklahoma Corporation Commission has approved a $64 million rate cut in utility bills proposed by Oklahoma’s largest electric utility. The commission voted 3-0 Tuesday to approve the cut that was agreed to following months of negotiations between Oklahoma Gas & Electric, the state Attorney General’s Office, the commission’s Public Utilities Division and others over […]

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“Austin Chalk” a comeback kid? | OutPut by Rig Lynx

The Permian has been getting most of the headlines on U.S. shale, but there is another play in the vicinity that has been attracting more industry attention than media attention. Pretty much forgotten since the ‘90s, when shale oil and gas moved to the forefront of the U.S. oil industry, the Austin Chalk has now […]

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