Pinedale Jonah

Unconventional , Policy & Regulations

EPA To Reconsider Rule On Fugitive Emissions From Oil, Gas Wells

The move signaled another retreat from climate change action after the Trump administration in March halted an effort to gather methane data from existing oil and gas operations to rein in leaks.

April 19, 2017

Service Contracts , Unconventional , Acquisitions & Divestitures , Lease Sales

Westwood Expands Into US Shale Market With Acquisition Of Energent

The acquisition includes proprietary and detailed well-lifecycle data comprised of drilling pad trends, well completions metrics, frack sand and downhole chemicals with analysis and interpretation.

April 7, 2017

Service Contracts , Unconventional , Technology , Acquisitions & Divestitures , Lease Sales , Mergers

Wood Group Estimates Higher Cost Savings From Amec Foster Deal

Wood Group said it expected about 36% more cost savings from its deal to buy Amec Foster for 2.2 billion pounds (US$2.7 billion) than it first estimated when announcing the deal in March.

April 5, 2017

Company Profiles , Unconventional , Technology

BP Reportedly Agreed To Cut CEO Bob Dudley's Maximum Pay

Sky News said that Dudley's maximum annual pay over the next three years will now be about 12.2 million pounds (US$15.22 million) including his salary, an annual bonus and a long-term share incentive plan.

April 4, 2017

Company Profiles , Unconventional , Acquisitions & Divestitures

Samson Resources Hires Advisers For Strategic Review

Samson Resources II LLC is undergoing a strategic review following its acquisition of substantially all of the assets of Samson Resources Corp. emerged from Chapter 11 bankruptcy on March 1.

March 30, 2017

Service Contracts , Unconventional , Acquisitions & Divestitures , Joint Ventures

Schlumberger, Weatherford JV Creates $3.8 Billion Frack Leviathan

The JV, called OneStim, will rival Halliburton’s frack fleet in the U.S. and Canada and further shrinks the pressure pumping marketplace to the detriment of smaller companies, an analyst said.

March 27, 2017

Unconventional

Completions & Productivity Gains: McKinsey & Co., PetroNerds (2017)

Joe Quoyeser, senior expert, McKinsey & Co.; and Trisha Curtis, co-founder, PetroNerds LLC

March 16, 2017

Service Contracts , Unconventional , Technology

US Oil Rig Count Rises To Most Since September 2015

The increase came despite a collapse in crude futures this week to a three-month low because the rigs activated this week were based on decisions made a couple of month ago when oil prices were higher.

March 10, 2017

Service Contracts , Unconventional , Policy & Regulations , Technology , Midstream

Industry Awaits Legislators’ Next Move Regarding Emissions

Repeal of the U.S. Bureau of Land Management’s waste prevention rule passed the House, but awaits action from the Senate.

March 7, 2017

Service Contracts , Unconventional , Policy & Regulations , Acquisitions & Divestitures , Midstream

Interior Secretary Ryan Zinke Vows 'Bold' Restructuring

The former U.S. congressman addressed employees at the Department of Interior's headquarters on his second full day on the job, assuring them he would not sell off federal lands but also promising change.

March 6, 2017