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Exploration & Production

Oklahoma Producers Still Standing

Leasing hot spots, improved drilling metrics and more reveal some silver lining in the cloud hanging over Midcontinent producers.

Versaflow
Sponsored Content

IndustryVoice: Frank’s International Introduces the VERSAFLO™ Time Saver Series

The VERSAFLO™ Time Saver Series offers expanded applications to shelf and land, and flexibility to accommodate a range of connection sizes.

M&A Pressure: Consolidation On The Climb

Public Capital

M&A Pressure: Consolidation On The Climb

There’s a near-consensus on consolidation among E&Ps, but who are the buyers, and what’s the right price?

MarketsSee More

grain

Frac Spread: Midwest Propane Price Responds To Cold, Crops

Conway’s price draws almost even to Mont Belvieu as demand for home heating competes with grain drying.

OPEC Chief: US-China Trade Deal Would Remove ‘Dark Cloud’

Barkindo would not speculate on whether further oil output cuts would be needed.

Global Oil Demand Growth To Slow From 2025: IEA

Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but is unlikely to peak in the next two decades, the International Energy Agency (IEA) said on Nov. 13.

Oil Prices Gain As Market Awaits Signals On US-China Trade Talks

Oil prices rose on Nov. 12, reversing early losses on hopes that President Donald Trump may signal progress on trade talks with China in a speech later in the day.

BusinessSee More

Aramco

Saudi Aramco In Race For IPO Record With $1.7 Trillion Top Value

Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Nov. 17, below the $2 trillion sought by Saudi's crown prince but putting it in the running to become the world's biggest IPO.

Mexican Minister Says Pemex Unaffected By Cyberattack, Workers Disagree

A cyberattack on computer networks of the Mexican national oil company Pemex is "totally under control" and did not have any negative consequences, Security Minister Alfonso Durazo said on Nov. 14.

Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records

Activist investor Carl Icahn will not have access to Occidental Petroleum Corp.’s Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Nov. 14.

ProPetro Says No Customer Impact From SEC Disclosures, Probes

ProPetro said that while it anticipated a slight increase in next year's activity, it did not expect any uptick in profitability per frac fleet.

TechnologySee More

Versaflow
Sponsored Content

IndustryVoice: Frank’s International Introduces the VERSAFLO™ Time Saver Series

The VERSAFLO™ Time Saver Series offers expanded applications to shelf and land, and flexibility to accommodate a range of connection sizes.

Aker Solutions Taps Leading Operators To Qualify Subsea Gas Separation

Aker Solutions and a group of the world’s leading oil and gas operators have come together in a joint industry project on Nov. 15 with the aim of making subsea gas separation a reality.

Weatherford Names Christian Garcia As CFO

Weatherford International Plc said Nov. 14 that Christian Garcia has been appointed executive vice president and CFO, effective January 6, 2020.

ION Wins Two-Year Ocean Bottom Data Processing, Imaging Contract

ION Geophysical Corp. was awarded a large two-year ocean bottom nodal data processing and imaging contract by ARGAS on Nov. 12.

Exploration & ProductionSee More

Source: Shutterstock.com

Analysts Forecast Drop In US Shale Activity, Rise In Efficiency

U.S. shale operators are paring down drilling programs and spending as they focus more on returns and improved efficiency in a low-price environment.

Companies that supply frac sand are being impacted by the slowdown in U.S. shale activity. (Source: Shutterstock.com)

US Frack Sand Suppliers Become Latest Casualties In Shale Slump

Companies that fracture wells are cutting workers and idling equipment.

A rig is shown in the foothills of Alberta, where the government has lifted a curtailment on new oil wells effectively immediately. (Source: Al Parker Photography/Shutterstock.com)

Alberta Lifts Curtailment On New Oil Wells To Boost Economy

Alberta introduced mandatory production curbs beginning on Jan. 1 this year to reduce a glut of oil in storage and shore up prices.

The Leviathan Field offshore Israel will supply gas to customers in Israel, Jordan and Egypt. (Source: Shutterstock.com)

Noble Energy Targets December First Gas For Leviathan Field

The project in the Eastern Mediterranean is running ahead of schedule and is $150 million under budget.

TransactionsSee More

Callon Petroleum Sweetens Deal Price For Carrizo Oil & Gas Merger

Callon Petroleum Lowers Its Asking Price For Carrizo Oil & Gas

Callon Petroleum agreed to a lower premium in its acquisition of Carrizo Oil & Gas as part of amended deal terms.

Marketed: Mineral Acreage Located In Heart Of Scoop, Stack

Pro Mineral Partners retained Oil & Gas Asset Clearinghouse for the sale of acreage in the heart of Oklahoma's Scoop and Stack shale plays in an offering closing Dec. 5.

Marketed: Permian Basin Package, Reeves County, Texas

American Standard Energy retained EnergyNet for the sale of a package of Permian Basin assets in Reeves County, Texas, through a sealed-bid offering closing Dec. 5.

On The Market Quicklist (Week Of Nov. 13, 2019)

Here’s a quicklist of oil and gas assets on the market including a Permian Basin nonop package plus assets from QEP and Salt Creek Oil and Gas.

Policy & RegulationsSee More

doe

Senators Quiz DOE Nominee On Ukraine, Arctic, Infrastructure

Brouilette is seeking confirmation to replace Perry as energy secretary.

Pradhan

India To Invite Foreign Firms To Invest In State-Owned Oil Companies

Prime Minister met with CEOs of oil majors during his recent trip to Houston.

Exxon Mobil’s Lawyer Calls Lawsuit A ‘Cruel Joke' As Climate Change Fraud Trial Ends

Lawyers for New York State and Exxon Mobil Corp. delivered closing arguments in a closely watched trial accusing the oil company of hiding from investors the true cost of addressing climate change.

In Boost To Climate Policy, EU Makes First Move To End Fossil Fuel Funding

Preliminary text of agreement calls on lender to stop funding projects.

MidstreamSee More

Noble Energy Sells Midstream Shale Assets In $1.6 Billion Dropdown

Noble Energy Sells Midstream Shale Assets In $1.6 Billion Dropdown

Noble Energy agreed to sell essentially all of its remaining D-J and Permian midstream assets as part of the dropdown to its midstream MLP.

TC Energy Says Keystone Oil Pipeline Returned To Service

TC Energy Corp.’s Keystone oil pipeline has returned to service following the approval of their repair and restart plan by the U.S. Pipeline And Hazardous Materials Safety Administration (PHMSA) on Nov. 10.

Argentina’s YPF Loads First Commercial LNG Cargo From New Floating Facility

Country seeks to exploit its massive Vaca Muerta shale play.

lng tanker

To Market, To Market

The world wants America’s LNG, but who the customers are, and where, will change.