US To Serve The Global Energy Marketplace

Oct 12 10:10 2018 Print This Article

[Editor's note: A version of this story appears in the October 2018 edition of Oil and Gas Investor. Subscribe to the magazine here.]

U.S. shale has developed at a breathtaking pace, yet we see the revolution still ongoing. Prices are recovering and benchmark differentials have reappeared. Hot money is chasing all manner of investments. Energy output is flowing from new U.S. supply regions. Refineries utilization is above 99%-plus. Exports are traveling from high-capacity offshore gateway Gulf Coast terminals to new global demand centers. Even Exxon Mobil Corp. is reintegrating across the Texas energy patch to produce, pipe, refine and export Permian Basin crude.

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