Horizontal drilling boosts Permian Basin’s fortunes – Midland Reporter-Telegram

Horizontal drilling was rarely used in the Permian Basin through the 1980s but advancements in the technology have sent the region’s oil and gas fortunes soaring. “All of us who have been here a long time have seen a lot of things come and go,” said Mike Party, president and owner of Beryl Oil and […]

Read More Horizontal drilling boosts Permian Basin’s fortunes – Midland Reporter-Telegram

U.S. oil service firms face tough quarter despite high crude prices | Reuters

HOUSTON (Reuters) – Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and […]

Read More U.S. oil service firms face tough quarter despite high crude prices | Reuters

Precision Drilling trumps Ensign bid for peer Trinidad | Reuters

(Reuters) – North American drilling contractor Precision Drilling Corp (PD.TO) on Friday said it would buy Trinidad Drilling Ltd (TDG.TO) in a deal valued at C$1.03 billion ($796 million), trumping a hostile bid from rival Ensign Energy Services (ESI.TO). The acquisition, which has an enterprise value of about C$4 billion, makes Precision the third-largest driller […]

Read More Precision Drilling trumps Ensign bid for peer Trinidad | Reuters

American Association of Drilling Engineers | AADE Mid-Continent Chapter | Guest Speaker Ryan Ray

Come to our upcoming AADE-OU meeting tomorrow in Sarkey Energy Center room 1410 at 5:30 pm. Our guest speaker, Ryan Ray, has worked in the energy industry since 2005. During that time he has served as the Director of Operations for R-Squared Global, given presentations on the on the oil and gas industry in the […]

Read More American Association of Drilling Engineers | AADE Mid-Continent Chapter | Guest Speaker Ryan Ray