Earnings , Drilling

Schlumberger's Profit Jumps as Higher Oil Prices Spur Drilling Demand

Schlumberger's fourth-quarter adjusted net income rose to $587 million, or 41 cents per share, above Wall Street estimates of 39 cents per share, according to Refinitiv IBES.

January 21, 2022

Exploration & Production , Shale Plays

Permian Basin: High Oil Price Breathes New Life into US Shale

The 2020 price drop almost killed the U.S. industry, but oil production has since rebounded to record levels—led by the Permian Basin—despite political pressure. Still, will OPEC end the Permian party?

January 21, 2022

Natural Gas , Policy & Regulations

Texas Cold Snap Arrives as RRC Says Natgas Industry is Ready

The Texas Railroad Commission, which oversees the state’s gas industry, said in a release on Jan. 19 that about 98% of the facilities its inspectors visited since the end of last summer were already winterized.

January 20, 2022

Private Equity , Company Profiles , Shale Plays

New Privates: Oil and Gas Startups Stand Out

New private oil and gas companies establish their footprints to showcase innovative ways of doing business during a difficult time.

January 20, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Jan. 19, 2022

Here’s a snapshot of recent energy deals including the $1.9 billion merger of Falcon Minerals with privately held Desert Peak plus Clearfork bags its first deal after a $400 million equity commitment.

January 19, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Jan. 19, 2022)

Here’s a quicklist of oil and gas assets on the market including TRP Energy SCOOP/MERGE working interest plus a Powder River Basin regional exit by Team Operating.

January 19, 2022

Shale Plays , Acquisitions & Divestitures

Legacy Reserves Markets Permian Basin, Haynesville Shale Assets, Sources Say

Legacy Resources has hired an investment bank to run the sale process for the assets in the Permian Basin and Haynesville Shale and is valuing them at around $800 million, sources say.

January 19, 2022

Exploration & Production , Health, Safety & Environment , Shale Plays

Column: Industry’s Response to Earthquake Concerns in the Permian Basin

Here’s a closer look at recent seismic activity in the Permian Basin and how the oil and gas industry is responding.

January 19, 2022

Shale Plays , Digital Oilfield , Completions , Pressure Pumping

Evolution Well Services Electric Frac Contracts Extended in Texas, Appalachia

“These technical and operational accomplishments show the unique value and differentiation of our partner-focused culture and our strategy of being a fully integrated engineered solutions provider," Steven W. Anderson, Evolution president and CEO, said.

January 19, 2022

People , Exploration & Production , Shale Plays

Continental Resources Names Doug Lawler COO as Jack Stark Retires

Upon his retirement, Jack Stark will transition into a part-time consulting role as a senior adviser to Continental Resources CEO Bill Berry.

January 18, 2022