McMurry named ARB Midstream senior VP

Pat McMurry has joined ARB Midstream LLC, Denver, as senior vice-president of gathering and transportation. Source: News


ARB Midstream gets Colorado gathering system

ARB Midstream LLC, Denver, has acquired a controlling interest in the Platte River Gathering System in Colorado from Rimrock Midstream Holdings LLC, Dallas and Edmond, Okla. The system gathers crude oil in the Denver-Julesburg basin. It started up last April. Source: News


CAODC slashes Canadian drilling outlook

The Canadian Association of Oilwell Drilling Contractors has slashed its forecast for 2016 oil and gas drilling from the already pessimistic projection it published last November. Source: News


EIA: US crude supplies fell 14.5 million bbl for week

US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 14.5 million bbl for the week ended Sept. 2 compared with the previous week, the Energy Information Administration reported. Source: News


STEO: Global oil inventory builds to continue into early 2017

In the September Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent crude oil prices to average $43/bbl in 2016—$1/bbl higher than forecasts in last month’s STEO—and $52/bbl in 2017. Source: News


MARKET WATCH: NYMEX crude oil price rises pending inventory

The light, sweet crude oil contract for October delivery settled at $45.50/bbl Sept. 7, up 67¢ pending the US Energy Information Administration’s weekly oil and product inventory report, which was scheduled to be released a day later than normal because of the Sept. 5 Labor Day holiday in the US. Source: News