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IndustryVoice: Silo technology and flexibility moves mountains of sand
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IndustryVoice: Silo Technology And Flexibility Move Mountains Of Sand

The NexStage silo system is a versatile proppant storage solution with high volume options to meet the demands of the largest hydraulic fracturing jobs.

IndustryVoice: After 100 Years, the Permian Basin is Changing Texas Again
Sponsored Content

IndustryVoice: After 100 Years, the Permian Basin is Changing Texas Again

The best way to get a boots-on-the-ground update for West Texas’ resource development activity is to register and attend the 2020 DUG Permian Basin Conference & Exhibition coming in April.

Executive Energy Graduate Programs: Studying For The C-Suite

Business

Executive Energy Graduate Programs: Studying For The C-Suite

Higher education in energy, through graduate business and technical degree programs, offers new opportunities for executives to diversify their skills and accelerate their career paths.

MarketsSee More

FracSpread 022020

Frac Spread: Ethane Rallies In A Rocky Stretch

NGL prices rebound despite coronavirus worries.

Focus On WTI As Potential Add To Brent Benchmark

Oil pricing agency S&P Global Platts said Feb. 24 the market focus was on WTI Midland crude as a potential addition to dated Brent, a move that would look beyond its North Sea home.

US Shale Oil Outlook Darkens As By-product Prices Slide

U.S. shale oil drillers could scale back investment in production more quickly than previously expected this year after prices slid for what had been a lucrative by-product.

Shell Report: Asia To Absorb LNG Supply Growth From Mid-2020

Supply growth will ease after the middle of the year, with Asia seen as able to pick up demand.

BusinessSee More

Mark Papa To Retire From Centennial Resource Development

Mark Papa To Retire From Centennial Resource Development

Following Mark Papa’s retirement, the board of Permian shale operator Centennial Resource Development has decided to separate the roles of chairman and CEO.

Tulsa, Okla.-based Unit Corp. Taps David Merrill To Succeed CEO Larry Pinkston

David T. Merrill has been elected to serve as CEO and president of Unit Corp., which is engaged through its subsidiaries in E&P, contract drilling and gas gathering and processing.

Noble Corp. Receives NYSE Listing Notice

Company intends to regain compliance by lifting stock above $1 per share.

Noble Corp. CEO Julie Robertson To Take On New Role

“The board and I are confident that now is the right time to transition leadership responsibilities to the next generation of talent,” Noble Corp. CEO Julie J. Robertson said in a statement.

TechnologySee More

DarkVision

Acoustic Imaging Tool Provides 360-degree Downhole View

The approach leverages sound waves to give operators eyes inside their wellbores.

Hunting Acquires Enpro Subsea In All-cash Deal

Hunting Plc, the international energy services group, has completed the acquisition of Enpro Subsea Ltd. on Feb. 21 for a total consideration of $33 million payable on completion, plus a potential maximum earn out of $3 million based on EBITDA performance in 2020.

Siemens To Modernize Middle East Jackup Rig

Siemens was awarded a contract by Arabian Drilling Co. on Feb. 19 to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, which will be installed on an offshore jackup drilling rig for a customer in the Middle East.

Petrofac Secures Contracts From ADNOC Worth $1.65 Billion

The move comes as the UAE, a key member of OPEC, looks to achieve gas self-sufficiency and become a net gas exporter.

Exploration & ProductionSee More

Offshore Exploration: All Eyes On Brazil’s Presalt Basins

Offshore Exploration: All Eyes On Brazil’s Presalt Basins

Increased E&P activity is expected in the prolific presalt basins of Brazil, which hold billions of barrels of recoverable oil reserves.

VAALCO Energy Makes Oil Discovery Offshore Gabon

VAALCO Energy Inc. said Feb. 18 that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation.

Preview: Managing Expectations For Permian Shale Producers

Preview: Managing Expectations For Permian Shale Producers

Leading independents in the Permian Basin—Diamondback, Pioneer and Concho—are preparing to release quarterly results this week, which are expected to show a cautious approach for the year ahead.

(Source: Shutterstock.com)

US Shale Trends Focus On Operational Efficiency

Attention remains on finding and maintaining operational efficiencies amid market challenges for U.S. shale producers.

TransactionsSee More

Energy A&D Transactions From The Week Of Feb.19, 2020

Energy A&D Transactions From The Week Of Feb.19, 2020

Here’s a snapshot of energy deals from the past week including a $22.5 million bolt-on acquisition by Laredo Petroleum to its Midland Basin position.

Marketed: Producing Bone Spring ORRI, Lea County, New Mexico

Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.

Marketed: Sierra Resources, Eagle Ford Gas Opportunity

Sierra EF LP retained Detring Energy Advisors to market for sale its oil and gas producing properties, leasehold, and related assets located in the Eagle Ford Shale.

On The Market Oil And Gas Quicklist (Week Of Feb. 19, 2020)

Here’s a quicklist of oil and gas assets on the market including a Powder River Basin package from SilverBow Resources and Overland Energy Partners’ Williston Basin minerals.

Policy & RegulationsSee More

Varying Shades Of Green: Big Oil’s Different Energy Transition Approaches

Varying Shades Of Green: Big Oil’s Different Energy Transition Approaches

From renewable power projects to cutting emissions from oil and gas operations, supermajors on both sides of the Atlantic are taking different approaches to going greener.

Pioneer CEO Scott Sheffield Urges Investors To Divest In Companies With High Flaring

Pioneer CEO Scott Sheffield Urges Investors To Divest In Top Flarers

Pioneer Natural Resources CEO Scott Sheffield called on oil and gas investors to sell shares or pull funding from companies that have rates of natural gas flaring.

rosneft

US Slaps Sanctions On Russian Oil Firm

Rosneft penalized for its support of Venezuela’s Maduro.

Texas Regulator Names Companies With Highest Flaring Rate

Companies with the lowest flaring intensity in Texas included Pioneer Natural Resources, EOG Resources, ConocoPhillips and Chesapeake Energy.

MidstreamSee More

supct

Supreme Court Leans Toward Atlantic Coast Pipeline

Dispute between Dominion and environmental groups concerns construction under a national park.

Canadian Prime Minister Justin Trudeau Demands End To Rail Blockades

Protesters have blocked lines in Ontario, Quebec and Alberta in solidarity with a British Columbia aboriginal band seeking to stop the construction of a gas pipeline over its land.

Williams Pulls Away From Constitution Pipeline Project

Greenfield projects like the Northeast gas pipe are too risky at the moment, the company says.

Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline

Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline

Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.