Late last year, reports began to circulate that in-service dates for two new Mexican pipelines would be delayed. These pipelines, which include Enbridge’s Nueces-Brownsville project and multiple projects in Mexico, are intended to help move gas from West Texas to South Texas and beyond.

Once deemed a declining conventional basin, fracking and horizontal drilling technology have transformed the Permian Basin into a “Super Basin”. In 2018, Texas produced more oil than ever, and experts predict that this volume will only continue to grow over the next few years.

In the dry, dusty plains of West Texas, the two most important commodities right now are water and sand. The rush to pump oil out of the West Texas shale has quickly catapulted the U.S. to record-high production levels, but it has also created challenges.

The boom-bust nature of the oil and gas industry is a well-known fact – but many are adamant that this time is different. The Permian Basin, the heart of the American oil country, is dramatically reshaping more than just Texas.

Neighboring cities Midland and Odessa, Texas are no strangers to oil and gas booms. Drilling booms have come and gone in this area for nearly a century.

Since we’re experts in oilfield factoring and other factoring services, we’ve been paying close attention to the results of the OPEC meeting. The hopeful outcome of the OPEC meeting and negotiations was a widely-accepted oil output freeze or, even better, a reduction in oil output.

Trying to forecast oil prices this year has left many at a complete loss. Investment banks, national and supranational organizations and rating agencies have all been baffled at how much oil prices fluctuated throughout 2016.