Download the 2019 EAGE Daily News:

Tap into unmatched coverage of the oil and gas industry’s entire landscape.

Subscribe

Already a subscriber? Sign in

More Top Stories

People

Haymaker Minerals & Royalties: Of Mutual Interests

Haymaker Minerals & Royalties: Of Mutual Interests

After stints as Silicon Valley tech CEO, bond analyst and Hollywood screen writer, Karl Brensike found his stride in the ups—but mostly downs—of the oil and gas mineral sector as co-founder of Haymaker Minerals & Royalties.

Public Capital

On The Money: Finding Your Footing In Energy Earnings Season

On The Money: Finding Your Footing In Energy Earnings Season

It’s sometimes hard to know exactly what drives an energy company’s stock price, even if you’re a CEO who knows which levers logically should deliver stock price performance.

Rig Counts

Hart Energy's Unconventional Activity Tracker

Unconventioal rig counts

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.

Public Capital

Rival Pressure Pumpers Keane, C&J Energy To Combine In All-Stock Merger

Rival Pressure Pumpers Keane, C&J Energy To Combine In All-Stock Merger

The merger of Keane Group with C&J Energy Services is expected to create the third largest pressure pumper in the U.S., behind only Halliburton and Schlumberger.

Exploration & Production

Righting The Ship In Southeast Asia

Repsol owns mineral rights in six development blocks in Malaysia. In 2017 the company’s net production in the country was 8.2 MMboe. (Source: Repsol)

As IOCs exit the area, regional operators look to stem the tide of declining production.

Sponsored Content

IndustryVoice: Providing Innovative Injection Well Solutions

WSP Industryvoice

WSP has provided a wide range of specialty well services to support injection, storage, geothermal energy and in-situ mining activities to numerous clients, including many Fortune 500 clients.

Markets

What's Affecting Oil Prices This Week (June 17, 2019)?

Brent fell $0.19/bbl last week to average $61.57/bbl but with significant intra-week volatility.

Iran, Russia Talks Raise Hopes Of Progress On OPEC+ Meeting Date

Russia wants to move talks to avoid conflict with G20 meetings in Japan.

Saudi Energy Minister Hopes To Balance Oil Market Before Next Year

Saudi Energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year.

Having A Gas: Australia Dominates China’s LNG Supply

Aussies supply 53% of China’s LNG imports.

Business

Haymaker Minerals & Royalties: Of Mutual Interests

After stints as Silicon Valley tech CEO, bond analyst and Hollywood screen writer, Karl Brensike found his stride in the ups—but mostly downs—of the oil and gas mineral sector as co-founder of Haymaker Minerals & Royalties.

US Solar Installation Outlook Brightens On Falling Costs

Looking ahead, the industry lifted its five-year outlook by 5.1 GW, or about 9%, mostly due to new procurement by utilities in Florida including Nextera Energy Inc's FPL and Duke Energy Corp.

Brent Wahl Joins NextDecade As SVP Of Finance

Wahl has more than 20 years of experience in the energy industry, having also worked at J.P. Morgan and Bank of America.

Greener Giants: Shell’s Transfer Of Power

Europe-based Royal Dutch Shell is outpacing U.S.-major counterparts in non-fossil-fuel investing.

Technology

Rival Pressure Pumpers Keane, C&J Energy To Combine In All-Stock Merger

The merger of Keane Group with C&J Energy Services is expected to create the third largest pressure pumper in the U.S., behind only Halliburton and Schlumberger.

CNOOC International Extends Maersk Jackup Charter

The option has an expected duration of approximately 100 days, which means the Mærsk Innovator is now firmly contracted until February 2020.

Aker Solutions Appoints Ole Martin Grimsrud As CFO

Ole Martin Grimsrud has been appointed CFO of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker ASA on the same day.

CGG Wins Johan Sverdrup Project Contract From Equinor

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor on June 11 for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea.

Exploration & Production

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.

Best Of This Week's Drilling Activity Highlights

In case you missed it, here's a look this week's drilling activity highlights around the world. Details on current and past activity available every day in Hart Energy's database. (Week ending June 7, 2019)

Canadian Oil Output Growth Forecast Halved To 1.4% Annually

Canada holds the world's third-largest crude reserves but its energy industry has struggled to recover from the 2014/15 global oil price crash.

Shell To Invest Up To $2.4 Billion In Mexican Deepwater Oil Projects

Mexico's oil regulator on June 13 approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.

Transactions

Gastar Exploration To Become Chisholm Oil And Gas Through Merger

Gastar Exploration and Chisholm Oil and Gas, both of which are private equity backed, agreed to combine holdings in the Oklahoma Stack play for undisclosed terms.

Okea CEO Sees Foreign Oil Majors Leaving Norway’s Offshore In A Decade

Exxon Mobil, Chevron and BP have already sold their offshore assets in Norway and Okea CEO Erik Haugane told Reuters that Equinor will soon be the only oil major left.

Marketed: Royalty Interest In Chesapeake-Operated Eagle Ford Shale Wells

Caddo Minerals retained EnergyNet for the sale of Eagle Ford Shale assets in South Texas through a sealed-bid offering closing June 27.

Marketed: Finley Resources Nonop Powder River Basin Properties

Finley Resources retained Eagle River Energy Advisors for the sale of nonop Powder River Basin assets in Wyoming through an offering closing July 17.

Policy & Regulations

Resource Guide To Focus On SB 181

Colorado Oil & Gas Association seeks to keep its members posted as the law’s rulemaking progresses.

US Grants Waiver To Iraq For Import Of Iranian Gas

Three more months allowed; Iraqis reliant on Iran to keep power grid going.

Canada Set To Approve Trans Mountain Pipeline Expansion: Sources

Canada looks set to approve the hotly debated plan to expand an oil pipeline this week, people familiar with the process told Reuters.

US Allows Iraq To Import Iranian Energy For Three More Months: Iraqi Officials

The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to U.S. sanctions for Baghdad, two government sources said on Saturday.

Midstream

Pipelining Helped Save Major Leaguer’s Family

Ever wonder what it’s like to work on a large-diameter pipeline? The author answers that question with the help of the son of a Major League baseball star, who is a  second-generation pipeliner.

Pipeline Construction Projects: In Constant Demand

Increasing unconventional-play takeaway capacity continues, as moving gas deeper into the U.S. Northeast and both oil and gas to foreign markets via the Gulf Coast are a work in progress.

Senate Bill Would Impose Sanctions On Nord Stream 2 Builders, Investors

Barrasso, from gas-producing Wyoming, seeks to hamper Russia-to-Germany pipeline.

Howard Energy Partners Completes Significant Expansion At Port Arthur Terminal Facility

Howard Energy Partners (HEP) on June 13 announced that it has completed the expansions of its bulk liquid terminal facilities in Port Arthur and Corpus Christi, Texas.