Concho Resources and Enverus teamed up to launch a new product on Jan. 21 that could save shale producers possibly hundreds of millions of dollars.
Halliburton beat analysts' estimates for quarterly profit on Jan. 21, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America activity.
BP's finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as CEO next month.
Chad Stephens had previously been appointed interim CEO of Panhandle Oil and Gas as part of a leadership transition tied to a shift in strategy by the company to increase its focus on the mineral acquisition market.
Within the past week, Northern Oil and Gas, an E&P with a nonop position in the core of the Williston Basin Bakken and Three Forks play, has agreed to repurchase and retire $66.8 million of its 2023 notes
Schlumberger, Halliburton and Baker Hughes reportedly kicked off the new year by putting units up for sale, as the three largest names in oilfield services adjust to falling demand.
Wade Hutchings’ appointment as COO is in conjunction with the retirement of Ray Daniels, who has had a decades-long career in energy including 12 years at Enerplus.
As we look back on 2019, and ask ourselves where the E&P industry is headed, we may wonder where we may find wisdom.