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EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. Lower wellhead prices in the region are contributing to slower growth in Permian crude oil production in 2019 compared with 2018.

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US State Department issues Presidential Permit to TransCanada for Keystone XL

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The permit authorizes TransCanada to construct, to connect, to operate, and to maintain pipeline facilities at the US-Canadian border in Phillips County, Montana for the importation of crude oil. An application to the Nebraska Public Service Commission in early 2017 for approval of its proposed routing in Nebraska. Shannon, Jr.