Energy companies share their actions to address COVID-19 – Midland Reporter-Telegram

Energy companies share their actions to address COVID-19 – Midland Reporter Telegram Energy companies were prepared for an activity boom. They were prepared for an activity bust. They were not prepared for a global pandemic that halted economic activity around the world. During the downturn, OTA Compression/OTA Environmental created a series of weekly webinars looking […]

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That’s a wrap! | The Oilfield Photographer’s Front Porch Permian Campaign benefitting Oilfield Helping Hands.

Happening now! This is exciting! More photos to come. THANK YOU Claire Heck from Inside Midland for sharing this in your stories! I sure wish I could be in Midland this morning for the official check presentation ceremony. It was Oil Country Media’s pleasure to help promote The Oilfield Photographer’s Front Porch Permian Campaign benefitting […]

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Exclusive: Pipeline operator Noble Midstream Partners up for sale – sources – Reuters

NEW YORK (Reuters) – Noble Midstream Partners LP, a pipeline operator controlled by U.S. oil and gas exploration and production company Noble Energy Inc, is up for sale, people familiar with the matter said on Thursday.  The decision to seek to sell Noble Midstream Partners comes at a time when oil and gas companies are […]

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Why Chevron Bought Anadarko

Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on http://www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/

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CEO of oil group sees no slowdown in US production

The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific… — Read on apnews.com/132936c2afcb4f44bc3eb01f05b9156d

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U.S. energy companies produce more oil even as they cut spending

U.S. shale energy companies are cutting their spending levels in 2019, but they’re still planning on increased oil and gas output as the nation continues to hit new production records. Shale energy companies plan to cut their capital spending by 5 percent on average after crude prices plunged late last year, even though Big Oil […]

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Oilfield services companies face another tough slog – HoustonChronicle.com

Weatherford International’s stock is trading below $1 a share. Schlumberger expects growth in its shale business to flatten or decline. General Electric reduced its ownership stake of Baker Hughes. Halliburton’s stock market value has fallen below what it was at one of the worst points of the last oil bust. Energy services companies are facing […]

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Expanded Texas Shipping Lane Could Help Cut Trade Deficit By $50 Billion – Texans for Natural Gas

Expanded Texas Shipping Lane Could Help Cut Trade Deficit By $50 Billion – Texans for Natural Gas — Read on http://www.texansfornaturalgas.com/texas_shipping_lane_cut_trade_deficit

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Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico | Reuters

HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday.  Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 […]

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U.S. shale surge boosts industry finances, puts deals in spotlight | Reuters

If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again.  U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 […]

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