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Oil, Gas, And Fracking News Reads: 13December 2020


the natural gas storage report from the EIA for the week ending December 4th indicated that the quantity of natural gas held in underground storage in the US decreased by 91 billion cubic feet to 3,848 billion cubic feet by the end of the week, which left our gas supplies 309 billion cubic feet, or 8.7% higher than the 3,539 billion cubic feet that were in storage on December 4th of last year, and 260 billion cubic feet, or 7.2% above the five-year average of 3,588 billion cubic feet of natural gas that have been in storage as of the 4th of December in recent years..the 91 billion cubic feet that were drawn out of US natural gas storage this week was higher than the average forecast from an S&P Global Platts survey of analysts who expected a 78 billion cubic foot withdrawal, and was also much higher than the average withdrawal of 61 billion cubic feet of natural gas that are typically pulled out of natural gas storage during the same week over the past 5 years, and the 57 billion ....

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North Face turns back on Texas oil and gas company, refuses jacket order


North Face turns back on Texas oil and gas company, refuses jacket order
North Face turns back on Texas oil and gas company, refuses jacket order
By Joshua Skinner, KOSA | December 11, 2020 at 12:23 PM EST - Updated December 14 at 2:03 AM
ODESSA, Texas (KOSA) - Innovex Downhole Solutions says it was recently denied an order of jackets by The North Face, a popular outdoor recreation company, because Innovex is an oil and gas business.
“I was surprised but not surprised, if that makes sense,” said Innovex CEO Adam Anderson.
Innovex is based in Houston and has nearly 100 workers in the Permian Basin. ....

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The North Face refuses to print oil and gas company jackets


HOUSTON, Texas A Houston oil and gas company attempting to buy jackets from The North Face, was rejected by the clothing company, an official claims.
Innovex Downhole Solutions, a company that sells products used in drilling, wanted to order company jackets as Christmas presents for its employees, according to CEO Adam Anderson.
But, when the company tried to place an order, Anderson said The North Face rejected their business claiming they don t support the oil and gas industry in the same way they would reject the porn or tobacco industry.
The North Face is known for its environmental brand messaging. ....

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