Price Watch
A daily bulletin about oil and gas
The Futures
Oil and gas prices are more than numbers—they reflect global events, technological advancements, and environmental concerns.
Horizon Energy Digest
Texas-based oil and gas company indicted for violations in California
Texas oil and gas company Phillips 66 has been indicted for allegedly dumping thousands of gallons of industrial wastewater from its Carson oil refinery into the Los Angeles County sewer system. Phillips 66, which is based in Houston, failed to report the violations to the authorities, according to the U.S. Department of Justice.
Chevron Cuts Permian Capex for 2025
The company said it planned to spend between $4.5 billion and $5 billion on production in the Permian, “as production growth is reduced in favor of free cash flow.” Total upstream spending for 2025 is planned at $13 billion, with the company’s total capex budget set in a range of between $14.5 billion to $15.5 billion.
Curious Minds Corner
What is the name of the process used to convert natural gas into liquid form for easier transportation?
Liquefaction.