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US Oil Rig Count Inches Up By One
Highlights
Best Of This Week’s Drilling Activity Highlights (Oct. 18, 2019)
First horizontal completion in Crossroad Fields plus BP's results from Carthage Field-Haynesville Shale Well.
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MarketsSee More
Frac Spread: NGL Prices Highest Since May
But ethane’s rally belies its fundamental price weakness, say analysts.
Total Says 2 MMbbl/d Of Crude Supply Off Market Due To Geopolitics
Oil markets have lost 2 million barrels per day (MMbbl/d) of crude supply this year due to security and political issues but are more concerned about slowing demand, a senior executive at French oil and energy group Total said on Oct. 18.
Big US LNG Players Move Fast, The Small Race To Keep Up
A gap is emerging in the U.S. LNG industry as big players such as Exxon Mobil and Cheniere Energy race ahead to build export terminals without new long-term contracts.
Rangeland Begins Construction Of Marten Hills Pipeline System
The system consists of new crude oil and condensate pipelines located in the Marten Hills region of north-central Alberta.
BusinessSee More
Baker Hughes Reveals Face-lift Following GE Divestment
After a brief stint as Baker Hughes, a GE company, the oilfield services company with a history dating over a century will now be known as Baker Hughes Co.
Eni CEO Sees No Future For Companies Working In Just Oil And Gas
There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Oct. 18.
Canadian Company Aurex Energy To Form Barnett Shale JV
Aurex Energy signed a letter of intent for the JV with an undisclosed private company to rework a number of natural gas wells located in the Barnett Shale.
US Oil Jobs Fall As Shale Drilling Declines
U.S. oil and gas employment has started to fall as the sector contracts in response to lower prices over the last year—and further job losses are likely in the next few months.
TechnologySee More
Imaging Technology Opens Window To Subsurface
U.S. shale players have turned to technology to improve their ability to accurately see beneath the surface.
MIT, Eni Renew Collaboration On Low-Carbon Energy Technologies
The Massachusetts Institute of Technology (MIT) and Eni have renewed their low-carbon energy research collaboration on Oct. 18 by extending Eni’s tenure as a founding member of the MIT Energy Initiative (MITEI) through 2023.
Bison, Chaparral Enter Into 15-Year Water Infrastructure Agreement
Under the agreement, Bison will exclusively manage all of Chaparral's produced water infrastructure and water hauling logistics within a roughly 1.9 million-acre dedicated area in Oklahoma.
Wood Appoints Stephanie Cox To Lead Americas Business
Stephanie is a seasoned energy industry leader with a proven track record in leading high performing teams and diverse global businesses during her 28-year tenure with Schlumberger.
Exploration & ProductionSee More
Best Of This Week’s Drilling Activity Highlights (Oct. 18, 2019)
First horizontal completion in Crossroad Fields plus BP's results from Carthage Field-Haynesville Shale Well.
New King Of North Sea Takes On Total, BP
This year, Chrysaor, will, according to some estimates, be the biggest oil and gas producer in the North Sea, rivaling Total and BP.
Exploration, Development Takes Shape Offshore South America
Drilling success offshore South America, particularly Guyana, has been a bright spot for the oil and gas industry as some areas look to make comebacks.
DUG Eagle Ford: Austin Chalk Is Back And Delivering Results
The Austin Chalk of east central Texas has perplexed, enticed and bewitched many into developing it.
TransactionsSee More
Power Utility DTE Energy Agrees To $2.7 Billion Haynesville Midstream Deal
The acquisition of Haynesville gas gathering assets from Momentum Midstream and Indigo Natural Resources “checks all of our boxes,” DTE Energy CEO says.
Marketed: Grizzly Energy Scoop/Stack, Anadarko Packages
Grizzly Energy, formerly Vanguard Natural Resources, retained EnergyNet for the sale of packages in the Scoop/Stack play and southeast Anadarko Basin area.
Marketed: Merit Energy-Operated Kansas Well Package
Merit Management Partners I retained EnergyNet for the sale of a nonop Kansas package located in Finney and Kearny counties through a sealed-bid offering closing Oct. 30.
On The Market Quicklist (Week Of Oct. 16, 2019)
Here’s a quicklist of oil and gas assets on the market including positions in the Permian Basin from Apache and Chevron.
Policy & RegulationsSee More
Interview: Tisha Schuller Doesn’t Shy Away From Debate
The former COGA leader talks environmental and policy challenges, oil and gas investment and growing initiatives within the industry.
New Jersey Denies Permit For PennEast Natgas Pipeline
The decision followed a ruling by a U.S. appeals court in September that barred PennEast from using federal law to seize properties controlled by New Jersey to build the project.
Hundreds Of Algerians Protest Against Proposed Energy Law
Hundreds of Algerians protested in front of parliament on Oct. 13 against proposed changes to the energy law that they say the caretaker government has no right to pass.
‘Business As Usual’ After Saudi Attacks, IEA Says
Saudi Arabia took just 11 days to restore lost output, though average supply there tanked by 770,000 bbl/d to just over 9 million bbl/d in September—the lowest level since 2011.
MidstreamSee More
Stocks To Watch: Midstream Bruised But Big Potential
Cheap metrics and simpler structures mean midstream names offer attractive total returns.
Western Midstream Introduce New Officers
Michael Pearl succeeds Jaime R. Casas who has transitioned to vice president and Treasurer of Occidental Petroleum.
S & B To Provide EPC Services For Enterprise Products PDH 2 Plant
With the addition of PDH 2 to its portfolio, S & B will employ more than 3,500 EPC professionals on its projects for Enterprise Products Partners.
Goodnight Midstream Adds Former Paradigm CFO Ben Daitch To Team
Goodnight Midstream named Ben Daitch as CFO on Oct .15, replacing Andrejka Bernatova, who had been with the Dallas-based company for a little over a year.
