CONVERSE COUNTY, Wyo. — The parade of trailer trucks rolling through Jay Butler’s dusty ranch is a precursor to a new fracking boom on the vast federal lands of Wyoming and across the West. Reversing a trend in the final years of the Obama presidency, the Trump administration is auctioning off millions of acres of […]
Tooling Up The oil tools sector relies on old school and new tech to ride the Permian wave. By Paul Wiseman How do you mix new technology with old-school values to stay abreast of customers’ ever-changing operations? This sharing of knowledge boosts teamwork in ways not possible before. Two Permian-based downhole tools companies are using […]
Read more "Tooling Up |pboilandgasmagazine.com"North Dakota’s oil production surged to a new record in July, putting the mid-western state on par with OPEC member Venezuela. Home to the Bakken shale play, North Dakota pumped 1.27 million barrels a day in July, according to state figures released Friday. That’s roughly the same output as Venezuela during the month. The South […]
Read more "North Dakota Is Now Pumping as Much Crude as Venezuela – Bloomberg"Texas Oil and Gas Podcast original episode aired September 4th 2018, they bring Cody Clark, President of Us Safety Sign and Decal on air to talk about some of the things they do and the Shift in procurement in the Oil and Gas Industry, here is the recap… — Read on output.riglynx.com/recap-texas-oil-and-gas-podcast-brings-on-cody-clark-president-of-us-safety-sign-output-by-rig-lynx/
Read more "Recap- Texas Oil and Gas Podcast brings on Cody Clark President of US Safety Sign | OutPut by Rig Lynx – OutPut"TOP 10 TAKEAWAYS 1. U.S. upstream activity slowed to $8.7 billion versus $22.0 billion in Q1 and $17.8 billion quarterly average since 2009. 2. Middle market ($100 million to $1 billion) pace of transactions steady in Q2. 3. During Q2 pause, the previously white hot Permian market stalled at just $801 million in deals, the […]
Read more "IndustryVoice: Top 10 Takeaways for Q2 Oil and Gas M&A Activity and Beyond | Oil and Gas Investor"We’re now seeing the impacts of the steel tariffs flow through and they’re affecting, of course, tubulars and other steel products that we use. We can see steel easily compared to last year would be 20% to 25% over last year’s cost for the same products,” Timothy Dove, CEO, Pioneer Natural Resources, leading producer in […]
Read more "Trump’s Tariffs Raising Costs For The U.S. Oil And Gas Industry – And Americans"Oil drillers are burning excess natural gas to keep the crude oil flowing. Natural gas is mostly a byproduct of crude oil drilling in the Permian Basin. So the shortage of pipeline capacity to transport the gas to market has played a role in companies burning — or flaring — large amounts of natural gas […]
Read more "Burn, baby, burn: Natural gas is cheap, and Texas drillers are flaring more of it | Economic Snapshot | Dallas News"t has been 10 years since the combination of horizontal drilling and hydraulic fracturing technologies reversed the United States’ position from that of energy scarcity to energy abundance. This has changed the economy for the long haul and in the process thrust the term “fracking” into the mainstream American lexicon. During this time, “keep it […]
Read more "Fracking, ten years later: Its benefits far outweigh its risks | Washington Examiner"With pipeline constraints stalling growth, several oil producers are starting to shift their focus to this emerging oil play. Matthew DiLallo (TMFmd19) Aug 27, 2018 at 11:34AM The Permian Basin, which stretches across western Texas and the southeast corner of New Mexico, is the fastest-growing oil-producing region in the world. Output currently stands at around […]
Read more "Forget the Permian Basin: This Oil Basin Is Where the Growth Is Right Now |fool.com"NAPE Summit 2018 FEBRUARY 5-9, 2018
George R. Brown Convention Center