US Oil Producer Hess Reportedly Cutting About 10% of Workforce

Hess, which had about 1,770 employees as of Dec. 31, dismissed about 165 full-time workers this week and terminated an undisclosed number of contract employees, according to people familiar with the matter.

August 14, 2020

Waterborne Crude: Setting a New Benchmark

The Harold Hamm-led American Gulfcoast Select is the first new crude benchmark since 2010, designed to more accurately price U.S. liquids being exported by tanker. Will it provide the value uplift as hoped?

August 14, 2020
Harold Hamm

ConocoPhillips Gets US Green Light for Alaska Oil Project

The project could help offset oil production declines in the state, according to the Bureau of Land Management.

August 14, 2020

Empire Petroleum Forms JV to Develop Recently Acquired East Texas Properties

Petroleum Independent & Exploration has identified the first of many workover/recompletion programs to potentially uplift field production in Empire Petroleum’s Fort Trinidad Field asset in Houston and Madison counties, Texas.

August 14, 2020

Marketed: Texas Austin Chalk Opportunity in Burleson and Washington Counties

Texas American Resources Co. retained PetroDivest Advisors to market for sale its oil and gas leasehold and mineral interests in Burleson and Washington counties, Texas.

August 14, 2020

E&P Tech Watch: The Promise of Smart Water for EOR in Carbonate Reservoirs

Researchers confirm the importance of the physicochemical properties of crude oil in determining the effectiveness of smart water to improve oil recovery.

August 14, 2020
(Source: Tatiana Shepeleva/Shutterstock.com)

Whiting Petroleum CEO Brad Holly to Resign Following Bankruptcy

Industry veteran and former SRC Energy CEO Lynn Peterson is expected to be appointed as Whiting Petroleum’s next CEO, effective as of the completion of the company’s restructuring.

August 14, 2020
Whiting Petroleum CEO Brad Holly to Resign Following Bankruptcy

US Oil, Gas Rig Count Falls to Record Low for 15th Week

The U.S. oil and gas rig count fell by three to an all-time low of 244 in the week to Aug. 14, according to data from energy services firm Baker Hughes Co.

August 14, 2020

Best of This Week’s Drilling Activity Highlights (Aug. 14, 2020)

A Haynesville completion by XTO Energy plus Centennial Resource Development Bone Spring discoveries on the Carlsbad Shelf in the Permian Basin top this week’s drilling activity highlights from around the world.

August 14, 2020
Best of This Week’s Drilling Activity Highlights (Aug. 14, 2020)

EU ‘Highly Concerned’ by US Stance on Nord Stream Pipeline

Sanctions violate international law, 24 members say.

August 14, 2020
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Report: US Seizes Iranian Fuel Cargoes for First Time

Four tankers were headed to Venezuela.

August 14, 2020
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Abrado Appoints Jason Broussard as President, CEO

Broussard previously spent four years working for Schlumberger and held a number of management positions with Baker Hughes over an 11-year period, latterly as regional operations manager for lower completions in the Gulf of Mexico. 

August 14, 2020