In the first full week of January 2025, the Permian Basin experienced a preview of cold and icy conditions. This comes as oil and gas refineries are bracing for one of the coldest January’s in 11 years.
Line 1, one of two mainlines on the more than 5,500-mile Colonial system, was shut on Monday night after Colonial received reports of a gasoline release. The pipeline moves gasoline from Texas to North Carolina and was earlier expected to resume service on Tuesday night, according to market sources.
Curious Minds Corner
What is the deepest oil well ever drilled, and how deep is it?
The Z-44 Chayvo well in Russia is the deepest oil well, reaching a depth of 40,604 feet (12,376 meters)