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Tag Archives: ConocoPhillips

Basin oil, gas operators face complex issues

pump jack midland

By Paul Wiseman, Midland Reporter-Telegram Contributor With the complex issues facing today’s producers, business is just not as simple as concentrating solely on finding and producing oil and gas. Challenges with water, the amount of reserves and new drilling methods are all in play. A number of area producers recently responded to questions regarding these topics to shed light on the industry’s current ...

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Phillips 66 goes midstream with $3 billion in new projects

phil66

Phillips 66 is no longer betting its future on the massive refining business that made it the second-largest energy company in the world. Instead, it’s using refining, once its most profitable arm, as a cash cow to transform itself into a business that primarily operates energy transportation, storage and processing infrastructure. On Friday, Phillips 66’s board of directors approved a ...

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Valero pairs with unlikely allies

same side of the fence

SAN ANTONIO — Valero Energy Corp. makes no bones about opposing a push to lift the nation’s ban on exporting crude oil. That puts the locally based independent refiner at odds with oil giants Exxon Mobil Corp. and ConocoPhillips, along with the American Petroleum Institute, an industry trade group. All have said that allowing exports of crude is reasonable given ...

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