S&P Global Platts Upstream Indicator reports U.S. rig count is 1,0651 rigs, -6 from the previous week. WTI Midland average for the week is $57.97, up $0.03 from last week.
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Escalation of trade tensions between the US and China is likely to further dampen US crude flows to China . . .
ConocoPhillips has drilled two wells in the Austin Chalk formation of central Louisiana, and may be able to judge the potential of the play by the end of the year . . .
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