Supermajors need to invest nearly $30 billion in Permian Basin through 2020 HOUSTON–(BUSINESS WIRE)–Jun 18, 2018–A new energy report from business information provider IHS Markit says that the three supermajors active in the Permian Basin — Exxon Mobil, Royal Dutch Shell and Chevron  — will need to invest nearly $30 billion in the oil and gas play through 2020 to …

New IHS Markit Outlook – “Stunning” Permian Basin oil production to more than double from 2017-2023, exceeding expectations (BUSINESS WIRE)–Jun 13, 2018–Oil production in the Permian Basin, already a major force in global supply growth, will rise nearly 3 mbd by 2023—a level of growth exceeding most recent estimates, a new outlook by business information provider IHS Markit (Nasdaq: INFO) …

Phillips 66 partners to construct West Texas oil pipeline system HOUSTON–(BUSINESS WIRE)–Apr 24, 2018–Phillips 66 Partners (NYSE: PSXP) announced that it has received sufficient binding commitments on an initial open season to proceed with construction of the Gray Oak Pipeline system.The Gray Oak Pipeline will provide crude oil transportation from West Texas to destinations in the Corpus Christi and Sweeny/Freeport …

One investor’s perspective Editor’s note: This list was taken from an interview with Bill Munn, director of investments with Mack Energy. 1. It doesn’t comply withthe principles of supply and demand. Oil doesn’t follow the basic rules of supply and demand, says Bill Munn, investor for Mack Energy. As most things go, the less the supply and greater the demand, …