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The long-running contraction in the number of midstream players accelerated in 2019.
Online OPEC+ conference will discuss production reduction in mid-June.
In conjunction with Greenlee’s retirement, Linda DuCharme was appointed as his successor while also retaining her current position as president of ExxonMobil Upstream Integrated Solutions Co.
Hedge fund Angelo Gordon & Co. LP aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter.
NOW Inc. said that its board of directors, on June 1, has appointed David (Dave) Cherechinsky to lead the company as full-time CEO, effective immediately.
The DynaTrac system takes static measurements to determine the position of the bottomhole assembly before and after setting the retrievable packer.
The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.
Parsley Energy plans to restore all of the 26,000 bbl/d it cut earlier this year and an EOG Resources executive told investors it would reopen shuttered wells and add new ones in the second half of the year.
Patterson-UTI is counting on its balance sheet to get it through tough times and its technology to push toward potential market share gains.
Research from this year’s Colorado School of Mines’ Reservoir Characterization Program includes a field project in the Eagle Ford Shale conducted in Gonzales County, Texas.
U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.
Bill Marko, managing director at Jefferies, says he sees permanent changes to the U.S. shale business resulting from the destruction to oil demand over the past several months.
The BLM, the arm of the Interior Department that oversees lease sales, postponed a sale of seven oil and gas leases on more than 10,000 acres in Nevada that had been scheduled for June 9.
EnergyNet has been retained by EnerVest Energy Institutional Co-Investment XII-1A LP to offer for sale a 593-well package and leasehold acreage in North Texas through an auction closing June 10.
ConocoPhillips had previously announced the sale of its Australia-West assets and operations to partner Santos in October 2019.
Groups want the organization to align its June report with Paris accord goal.
The Norwegian government proposes spending 3.6 billion Norwegian crowns (US$369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on May 29.
Chevron shareholders on May 27 voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities.
Atlantic Coast and Mountain Valley will likely be delayed for several more months.
Marshall McCrea, chief commercial officer for Dallas-based Energy Transfer, said in a recorded message to employees the cuts would begin June 1 and affect about 6% of the company's staff.