News of private-equity investor The Carlyle Group LP’s deal with Sunoco Inc. brings the Northeast U.S.’ high-priced oil-feedstock market into new, lower-priced, U.S. oil supply. Tudor, Pickering, Holt & Co. Securities Inc. analysts sum it up: “Cheap domestic supply versus expensive, light-oil imports equals action.”
Sunoco’s Philadelphia refinery had been slated for closing next month, while ...
Rail will continue in key midstream role as pipelines race to move more oil.
Drilling efficiency, in tandem with a move to pad drilling, generates higher well counts with little change in rig input.