The energy stories dominating the news cycle today focus on gas prices tumbling to the 3.00 range nationally, while oil prices fall to multi-year lows due to oversupply concerns. These much-anticipated lower gas prices are a welcome sign to Americans who are feeling the pinch of across-the-board inflation, particularly with utilities and food prices.
Phillips 66 (NYSE: PSX) and Kinder Morgan, Inc. (NYSE: KMI) today announced the commencement of a binding open season for transportation service on the Western Gateway Pipeline (Western Gateway), a newly proposed refined products pipeline system.
Curious Minds Corner
What’s the term for deviating a well bore directionally while drilling?
Directional drilling, which today may go horizontal for 2 miles or more.