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IndustryVoice: Quick-Setting Cement Minimizes Wait Time In Delaware Basin, Saves $8,000 Per Well
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On The Market Quicklist (Week Of June 26, 2019)
Exploration & Production
Upward Bound: Will US Shale Live Up To Production Expectations?
With skittish investors and a growing push toward renewables, will the projected shale growth ever come to fruition?
Shale Plays
A&D Trends: Bottom Dollar
Analysts had plenty to say about Pioneer Natural Resources’s Eagle Ford asset sale to Ensign Natural Resources.
Sponsored Content
IndustryVoice: Quick-Setting Cement Minimizes Wait Time In Delaware Basin, Saves $8,000 Per Well
How the engineering team at Nine Energy Service solved the challenge of rising costs due to WOC with a new line of cement designed to consistently reach 500 psi in less than 8 hours.
People
Attracting The Future Energy Workforce
ADNOC survey findings reveal that the oil and gas industry faces stiff competition in attracting young talent.
More Top Stories
People
The Interview: Bob Phillips Of Crestwood
One of the sector’s most-experienced and best-known CEOs shares personal insights on the downturn and managing for the future.
Private Equity
Special Report: Permian Private E&Ps
Profiles of eight private operators in the Permian Basin featured at Hart Energy’s DUG Permian conference.
Rig Counts
Hart Energy's Unconventional Activity Tracker
Hart Energy's exclusive rig counts measure drilling intensity. They exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. They are designed to offer the most accurate picture of what is actually occurring in the field.
Private Equity
Executive Q&A: Ameredev, Part Two
Representing a new generation of nimble entrepreneurs, Ameredev CEO Parker Reese had quick success in his first private-equity outing. With the E&P playing field shifting, can he do it again?
Sponsored Content
IndustryVoice: The Value of Data in AI and ML for Geoscience Solutions
Artificial Intelligence and Machine Learning are making their debut in the workflows of Exploration and Production, but AI and ML solutions are only as good as the data that trains them. With products like ARLAS and SaltNet, TGS has leveraged their expansive data library to focus on finding the right problems to solve.
Natural Gas
Analyst: ‘We Need Exports To Keep Going’
Booming oil and gas production, particularly from the Permian Basin, has made the industry reliant on foreign markets to continue its growth.
Latest in Video
HART ENERGY CONNECT: PennEnergy Makes Headway On Marcellus Wells
PennEnergy Resources CEO Richard Weber talks about the challenges and rewards of forming the Appalachia-focused company.
Trending Stories
Markets
What’s Affecting Gas Prices? (Week Of June 25, 2019)
Stratas Advisors expects a storage build of 99 Bcf this week.
What's Affecting Oil Prices This Week (June 24, 2019)?
Crude oil got another boost last week. Brent rose $1.35/bbl last week to average $62.92/bbl driven in large part by geopolitical concerns.
SoCalGas Delays Return Of California Natgas Pipeline
Gas supplies have been tight in Southern California for years due to the pipeline limitations and reduced availability of the utility's biggest storage field at Aliso Canyon.
US Cameron LNG Loadings Delayed A First Cargo Exported
At least two commissioning cargoes, one for France's Total and another for Spain's Repsol, were delayed, according to industry sources and shiptracking data.
Business
Analysts: Oilfield Service Growth “Muted” Into 2020
The Permian Basin and to a lesser extent the Eagle Ford and Marcellus shales promise a healthier environment for oilfield service providers, says Moody’s analysts in a recent report on the sector.
Entoro Capital Launches New A&D Xpress Service For Upstream Deal-Makers
Entoro Capital launched a new energy asset sales platform featuring expanded distribution channels and new valuation software that the Houston-based firm said will provide much-needed liquidity.
Investor LGIM Dumps Exxon Mobil From Its Future World Funds
The divestment of Exxon Mobil only applies to LGIM's Future World Funds which it says are set up for clients who want to express a conviction on ESG themes.
Texas Company Forms $165 Million JV To Develop Permian Wolfcamp
Ares-backed Development Capital Resources agreed to partner with an unnamed private operator to fund development of the Permian’s Wolfcamp Shale.
Technology
Sponsored Content
IndustryVoice: Quick-Setting Cement Minimizes Wait Time In Delaware Basin, Saves $8,000 Per Well
How the engineering team at Nine Energy Service solved the challenge of rising costs due to WOC with a new line of cement designed to consistently reach 500 psi in less than 8 hours.
Infrastructure Networks, Machfu Partner To Deliver Oilfield Data Solutions
INET will sell, supply and service Machfu solutions, delivered over INET’s wireless platform. Machfu will utilize INET’s LTE coverage to connect to oil and gas assets real-time in key energy producing areas.
TechnipFMC Resolves US And Brazil Probes, Hopes To Settle French Case
Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities.
Katalyst Data Management Opens Digital Transformation Center In Houston
Katalyst Data Management has opened a second Digital Transformation Center (DTC2) in the Houston area, the company said on June 25.
Exploration & Production
Upward Bound: Will US Shale Live Up To Production Expectations?
With skittish investors and a growing push toward renewables, will the projected shale growth ever come to fruition?
Brazil Dominates FPSO Demand Market
South America has 30 planned FPSOs in the pipeline. Brazil’s Petrobras awarded its latest contract to MODEC Inc. for Búzios 5.
Permian Player Pioneer Natural Resources Talks Monetizing Assets
Selling midstream interest, water infrastructure and long-dated inventory are among the options for the Permian pure-play.
EOG Resources Powers Up In Powder River Basin
The Powder River’s plays are competitive with other areas in EOG’s ‘premium portfolio,’ company exec says.
Transactions
A&D Trends: Bottom Dollar
Analysts had plenty to say about Pioneer Natural Resources’s Eagle Ford asset sale to Ensign Natural Resources.
Marketed: Producing Eagle Ford Minerals Operated By ConocoPhillips
KWL Commercial Properties retained EnergyNet for the sale of producing mineral assets within the Eagle Ford Shale in McMullen County, Texas, through an auction closing June 27.
Magellan Midstream Reportedly Seeking Sale Of Longhorn Pipeline Stake
Magellan Midstream is working to sell a 35% stake in a new business unit which will contain the Longhorn pipeline and some storage assets, Reuters reported citing unnamed sources.
Marketed: M5 Standing Energy Producing East Texas Package
M5 Standing Energy retained Oil & Gas Asset Clearinghouse LLC for the sale of producing East Texas assets within Henderson County in a sale closing July 10.
Policy & Regulations
IEA Concerned About Middle East Tensions, Stands Ready To Act
Fatih Birol says that weakening demand and growing U.S. shale production have kept oil prices under control.
Ex-Venezuelan Oil Minister Asks US Court To Set Aside $1.4 Billion Judgment
Ramirez claims that companies suing him failed to serve him notice of the suit.
Candidate Unveils Plan To Slash Use Of Fossil Fuels
Washington Gov. Inslee said he seeks to ban drilling on public lands and end crude oil exports.
US Exports Take Iran’s Place In India’s Oil Market
Sanctions forced Indian importers to seek other suppliers.
Midstream
The Interview: Bob Phillips Of Crestwood
One of the sector’s most-experienced and best-known CEOs shares personal insights on the downturn and managing for the future.
Report: Planned Red Oak Pipeline Will Contribute To Crude Overbuild
Bernstein Midstream speculates that the additional pipeline projects will bring the 2021 WTI-Brent differentials to less than $4 a barrel, which is way below the current curve of $6.50.
US Refiner Phillips 66 Enters Offshore Oil Export Race
The offshore port would provide an outlet for oil coming from recently proposed Liberty and Red Oak pipeline joint ventures that will start in early 2021. Phillips will operate the $1.6 billion Liberty pipeline and help finance the $2.5 billion Red Oak pipeline.
Trans Mountain Oil Pipeline Expansion May Start In September
Once complete, the project will triple the capacity of Trans Mountain, which carries crude from Alberta's oil sands to British Columbia's Pacific Coast.
