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• Maverick County TX Re-entry Permit Filed
  A San Antonio-based company, Field Petroleum Corp., is looking to reenter a vertical oil and gas well...
  A San Antonio-based company, Field Petroleum Corp., is looking to reenter a vertical oil and gas well that was plugged in 2014. The well, in Maverick County, was originally drilled in 1996 by another San Antonio company called The Exploration Co. that appears to no longer be operational, according to public records. Field Petroleum registered with the Texas Comptroller in 2015 and filed for its first permit with the Railroad Commission in 2017. It has since filed for five more, including the one it submitted last week.
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• Power Utility DTE Energy Agrees To $2.7 Billion Haynesville Midstream Deal
  An affiliate of DTE Energy Co. said...
  
  

  
  
  An affiliate of DTE Energy Co. said Oct. 18 it is buying a Haynesville Shale pipeline in a multibillion-dollar transaction as the U.S. power utility expands its natural gas pipelines and storage business.
  
  The Detroit-headquartered company’s non-utility business, DTE Midstream, entered into an agreement to acquire the assets from Momentum Midstream LLC and Indigo Natural Resources LLC for about $2.7 billion in cash that includes a multimillion-dollar contingency payment due in late 2020.
  
  As a result, DTE Midstream will acquire 100% of M5 Louisiana Gathering LLC. Momentum Midstream and Indigo Natural Resources each hold a 50% stake in M5 Midstream.
  
  

  
  

  
  

  
  

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• Shale boom looks to be slowing
  After several years of record-breaking production growth, the US shale boom appears to be slowing, with...
  After several years of record-breaking production growth, the US shale boom appears to be slowing, with several signs suggesting that peak shale has come and gone. Oil production has increased at a 3% rate this year, down from 21% from 2017 to 2018, even though well completions through August are up 11% year-on-year.
  
  But the tea leaves look different this year. Money isn’t as plentiful for an industry that in the past decade burned through nearly $200 billion. Investors are restless. Returns haven’t matched rocketing production, with the S&P 500 Oil & Gas Exploration Index losing 21% in the past 10 years, compared with a 177% rise in the wider market.
  
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• Summary: EIA and API Crude Reports
  The Energy...
  The Energy Information Administration on Thursday reported that U.S. crude supplies climbed for a fifth week in a row, by 9.3 million barrels for the week ended Oct. 11. Data were released a day late because of Monday's Columbus Day holiday. Crude supplies were forecast to increase by 4 million barrels, according to analysts polled by S&P Global Platts. The American Petroleum Institute on Wednesday reported a climb of 10.5 million barrels, according to sources. 
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• Trump Says US Energy Secretary Perry To Step Down By Year-End
  U.S. Energy Secretary Rick Perry will step down by the end of the year, President Donald...
  U.S. Energy Secretary Rick Perry will step down by the end of the year, President Donald Trump said Oct. 17, a day before a deadline set by congressional Democrats for Perry to turn over documents in the impeachment probe.
  
  Trump told an event in Texas that he had known for months that Perry would resign.
  
  “Rick and I have been talking for six months. In fact, I thought he might go a bit sooner," Trump said. "But he’s got some very big plans. He’s going to be very successful. We have his successor. We'll announce it pretty soon."
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