Latest From Hart Energy

Permian Operator Laredo Petroleum Purchases Howard County Acreage

Laredo Petroleum remains “focused on executing similar, reasonably-priced bolt-on acquisitions around our core position in Howard County,” CEO Jason Pigott says.

Oil Executive Compensation: Rethinking Payment for Performance

Cracks have begun to show in the traditional performance metrics for executive compensation in the oil and gas industry, and there’s a growing push to reconsider them in the new environment.

IndustryVoice: Done in 30 Seconds: TracFrac Guarantees Better Safety, SIMOPS & Compliance

Producers use TracFrac, the only nationwide frac notification platform, to ensure regulatory compliance, avoid SIMOPS interactions and optimize budgets.

Martin Midstream Names Bob Bondurant CEO as Founder Ruben Martin Retires

Martin Midstream’s founder, Ruben Martin, will retire as president and CEO on Dec. 31, but remain as board chairman and will continue to be actively involved in its business development.

Colombia Qualifies 16 Companies to Bid in Upcoming Oil Auction

Of the companies allowed to take part in the auction, 15 were previously authorized. French company Maurel & Prom was the only successful new company.

US Rig Count Rises to Highest Since May

The oil and gas rig count rose five to 287 in the week to Oct. 23, its highest since May, energy services firm Baker Hughes Co. said in its weekly report.

US Lawmakers Complain to Trump over Mexican Energy Policy

The letter argued that reports showed Mexican President Andres Manuel Lopez Obrador is providing preferential regulatory treatment for state oil firm Pemex and delaying or canceling permits for U.S. energy companies.

US Shale Reinvestment Rate Falls

Analysts say the recent wave of consolidation among shale producers could also eventually lead to the end of U.S. tight oil’s growth story.

Asian Spot LNG Prices Jump to 20-Month High on Firm Demand

Traders believe expectations of a cold winter are pushing demand.

Best of This Week’s Drilling Activity Highlights (Oct. 23, 2020)

Occidental Bone Spring completions, EOG Niobrara producers at a Johnson County wellpad in Wyoming plus commingled Woodford/Hayes wells reported by Calyx Energy top this week’s drilling activity highlights from around the world.

Vattenfall, Aker Carbon Capture to Explore Nordic CCS Options

The agreement, which would focus on commercial bio-CCS plants, would help deliver on Vattenfall’s ambitions to achieve negative emissions.

Honeywell Wins Contract to Automate World’s Largest LNG Project

Honeywell said its technology will provide streamlined automation to the North Field East project, the world’s largest LNG project being developed by Qatargas on behalf of Qatar Petroleum.