Page 1 - NorthAmOil Week 40
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Issue 574 08•October•2019 Week 40
Gas giant
The US Geological Survey has boosted its estimate of recoverable reserves in the Marcellus and Utica plays, though it will take time to tap these volumes.
Potential co-operation
Sempra Energy’s LNG MoU with a Chinese company suggests growing optimism that an end to the US-China trade war may be coming.
Bankruptcy filing
Houston-based EP Energy has filed for Chapter 11 bankruptcy protection, aiming to cut $3.3bn in debt under a proposed restructuring deal.
Solar-powered
Occidental Petroleum has started up a solar facility in Texas that will power an enhanced oil recovery project in the Permian Basin’s Goldsmith field.
