HOUSTON, Jan. 17 01/17/2017 By Matt Zborowski OGJ Assistant Editor       ExxonMobil Corp. has agreed to acquire companies primarily focused on New Mexico’s Delaware basin from the Bass family of Fort Worth in a deal that could total $6.6 billion. The companies, which include operating entity BOPCO LP, hold about 275,000 acres of leasehold and production... Read More

HOUSTON, Dec. 30 12/30/2016 By OGJ editors        The US rig count increased yet again this week, jumping 5 units to reach a total of 658 during the week ended Dec. 30, according to data from Baker Hughes Inc. Rigs targeting oil continued to rise with a 2-unit jump to 525 units working. Natural gas-directed rigs gained 3 units... Read More

HOUSTON, Oct. 4 10/04/2016 By Robert Brelsford OGJ Downstream Technology Editor       Chevron Corp. is planning to convert the existing 4,500-b/d hydrofluoric acid (HF) alkylation unit at its 53,000-b/d refinery in Salt Lake City, Utah, into the first-ever alkylation unit in the US based on ionic liquids (IL) alkylation technology. Chevron will convert the existing 4,500-b/d HF alkylation unit... Read More

HOUSTON, Aug. 26 08/26/2016 By Matt Zborowski OGJ Staff Writer       The US drilling rig count decreased during the week ended Aug. 26 for just the second time in 13 weeks, data from Baker Hughes Inc. indicate. However, the tally of oil-directed units was flat and the Permian basin continued its hot streak with a 3-unit increase. Down 2 units... Read More

08/16/2016 By Paula Dittrick  OGJ Upstream Technology Editor       The light, sweet crude oil price for September delivery climbed $1.25 on the New York market Aug. 15 to $45.74/bbl, marking the highest front-month contract price since July 15. Oil prices have gained for three consecutive sessions on both the New York and London markets. Price support continued as Russian Energy... Read More