Latest From Hart Energy

Archrock Acquires Rival Elite Compression In $410 Million Transaction

Archrock’s acquisition of Elite Compression Services also included a $30 million sale with Harvest Midstream plus the addition of Hilcorp Founder Jeffery Hildebrand to its board.

Lonestar Reports Positive Production Results In Eagle Ford

The Fort Worth, Texas-based independent reported June 24 average test rates of about 2,500 barrels of oil equivalents per day (boe/d) for its Horned Frog F #A1H and F #B1H in La Salle County, Texas.

How Does Gulf Of Mexico Stack Up Against Shale?

Optionality and infrastructure are key onshore and offshore as operators bring down costs.

McDermott Bags Offshore EPCI Work From Saudi Aramco

McDermott International Inc. said on June 24 it has been awarded a large contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.

Baker Hughes Enters Deal To Promote AI Solutions

Baker Hughes, a GE company and C3.ai on June 24 announced a joint venture (JV) agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry.

Coal Producer Buys Permian Minerals From Wing Resources For $145 Million

Alliance Resource Partners agreed to acquire assets from NGP-backed Wing Resources as the coal producer continues to grow its oil and gas minerals segment, particularly in the Permian Basin.

Candidate Unveils Plan To Slash Use Of Fossil Fuels

Washington Gov. Inslee said he seeks to ban drilling on public lands and end crude oil exports.

Indonesia Prioritizes ConocoPhillips' Bid In Race For Corridor Block

ConocoPhillips is currently operator of the block, with a 54% participating interest. Repsol and Indonesian national upstream company Pertamina own 36% and 10%, respectively.

What's Affecting Oil Prices This Week (June 24, 2019)?

Crude oil got another boost last week. Brent rose $1.35/bbl last week to average $62.92/bbl driven in large part by geopolitical concerns. 

US Exports Take Iran’s Place In India’s Oil Market

Sanctions forced Indian importers to seek other suppliers.

Executive Q&A: Ameredev, Part Two

Representing a new generation of nimble entrepreneurs, Ameredev CEO Parker Reese had quick success in his first private-equity outing. With the E&P playing field shifting, can he do it again?

IndustryVoice: The Value of Data in AI and ML for Geoscience Solutions

Artificial Intelligence and Machine Learning are making their debut in the workflows of Exploration and Production, but AI and ML solutions are only as good as the data that trains them. With products like ARLAS and SaltNet, TGS has leveraged their expansive data library to focus on finding the right problems to solve.