US Oil, Gas Rig Count Sinks to Another Record Low

The U.S. oil and gas rig count fell by four to an all-time low of 247 in the week to Aug. 7, according to data from energy services firm Baker Hughes Co.

August 7, 2020

Best of This Week’s Drilling Activity Highlights (Aug. 7, 2020)

Five Eagle Ford completions by EOG Resources at its McMullen County, Texas, pad plus results from Calyx Energy horizontal Mississippian wells top this week’s drilling activity highlights from around the world.

August 7, 2020
Best of This Week’s Drilling Activity Highlights (Aug. 7, 2020)

San Mateo Black River Oil Pipeline LLC Announces Binding Open Season

Stebbins Expansion Crude Oil Pipeline Project would expand San Mateo system in Eddy County, N.M.

August 7, 2020

NGL Energy Partners Inks Long-Term Permian Acreage Dedication for Produced Water

NGL Energy Partners LP said Aug. 6 that it has signed a new long-term produced water transportation and disposal agreement with a leading independent producer operating in Eddy and Lea Counties within the Delaware Basin.

August 7, 2020

Scientific Drilling Names Pamela S. Pierce as CEO, President

Scientific Drilling International (SDI) has named Pamela S. Pierce as CEO and president effective July 31, 2020, a position she has held on an interim basis since May 2020.

August 7, 2020

Cheniere Tops Q2 Profit Estimates, Accelerates LNG Plant Expansion

Despite cargo cancellations, CEO Fusco calls performance a ‘massive success.’

August 7, 2020
cheniere

Egypt, Greece Sign Agreement on Exclusive Economic Zone

In Greece, diplomats said the deal effectively nullified an accord between Turkey and the internationally recognized government of Libya.

August 7, 2020

Considerations Before Implementing AI in Oil and Gas

Despite a surge of use by oil and gas companies in the last few years, the application of AI technology is not simply plug and play. Here is what an AI platform needs to be effective.

August 7, 2020
Considerations Before Implementing AI in Oil and Gas

Buffalo Bills Owners’ Blank-check Company Raises $300 Million

Terrence M. Pegula joins other NFL owners, most notably Dallas Cowboys owner Jerry Jones, in making large new investments during a stagnant time for the oil and gas industry.

August 7, 2020
Buffalo Bills Owners’ Blank Check Company Raises $300 Million

Winston & Strawn Launches ESG Advisory Group

The global law firm of Winston & Strawn on Aug. 6 announced the launch of a new environmental, social, and governance (ESG) advisory team, co-chaired by Houston-based partners Mike Blankenship and Eric Johnson

August 7, 2020

EOG Resources Swings to Quarterly Loss on Oil Price Plunge

EOG Resources said it started to restore curtailed production in June as oil prices recovered from their April lows, and it expects nearly all shut-in wells to begin production before the third quarter ends.

August 6, 2020

Seismic Firm TGS Makes Surprise $600 Million Offer for Part of PGS

If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.

August 6, 2020