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Pennsylvania natural gas production has been on an upward curve since 2009. According to the EIA, Pennsylvania averaged a record 15 Bcf/d in 2017. Producers have the Appalachian Basin to thank – Pennsylvania accounted for 19% of total U.S. marketed natural gas production. Increased permitting and drilling activity, combined with the expansion of regional pipeline capacity has helped Pennsylvania’s natural gas industry. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, fracing, industry insights, midstream, appalachia, eia, gas, industry, natgas, oil, pennsylvania, permits, production, rigs, shale

PermRock Royalty Trust will soon launch its initial public offering of 6,250,000 trust units, representing approximately 51.4% beneficial interest in the trust. The initial offering price is expected to be between $19.00 and $21.00 per unit. Boaz Energy II, LLC is the sponsor of the trust and will be selling the units being offered. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, finance, fracing, fund management, gas, initial public offering, ipo, nyse, oil, permrock, prt, royalty, texas, trust, underwriters

Market is 1 million to 1.5 million horsepower undersupplied Halliburton Company (ticker: HAL) reported an income of $46 million, or $0.05 per diluted share for the first quarter of 2018. This is an improvement over Q1 2017’s net loss of $32 million, or $(0.04) share. “We achieved total company revenue of $5.7 billion, representing a 34% increase compared to the first quarter of 2017. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, earnings, finance, fracing, international, 2018, gas, hal, halliburton, horsepower, income, jeff miller, oil, q1, rigs, venezuela, write down, write off

Apache Corporation (ticker: APA) said that the EVP of corporate reservoir engineering, Kregg Olson, plans to retire on August 1, 2018. Apache CEO and President John J. Christmann IV said, "Kregg’s expertise and leadership have been a tremendous asset to Apache during his 26 years with the company. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, corporate governance, e&p, people, apa, apache, canada, ceo, coo, corporation, executives, gas, oil, sog, svp

Bakken-focused PetroShale Inc. (ticker: PSH) released financial and operating results for the year-ended December 31, 2017. Production averaged 2,121 BOEPD in the fourth quarter and 2017 production averaged 2,445 BOEPD, an increase of 50% over 2016. About PetroShale, Apr. 2018 Financially, PetroShale reported 2017 revenues of $44.0 million (an increase of 89% over 2016) and 2017 EBITDA of $21.2 million (an increase of 123% over 2016). Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, a&d transactions, closing bell story, e&p, earnings, finance, fracing, 2017, 2018, bakken, gas, north dakota, oil, petroshale, production, psh, q1, q4, three forks






Colombia's southern Transandino pipeline was halted after a bomb attack by an illegal armed group spilled crude oil into a river, state-run oil company Ecopetrol said on Sunday.

Source Feed: Rigzone.com: Latest News Headlines







Rig count has fallen only once in the past 11 weeks—now sitting at 1,013 Drilling activity continued to rise last week, marking the eighth increase in nine weeks, according to the latest edition of Baker Hughes’ Rig Count. Eight rigs moved to Texas this week, with the Lone Star State seeing a significant boost in drilling activity. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, mlp news, natural gas news

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“We expect the market to remain close to being balanced in the coming quarters” Schlumberger (ticker: SLB) kicked off another oil and gas earnings season today, reporting net income of $530 million, or $0.38 per share. Schlumberger reported revenue of $7.8 billion in Q1 2018, down 4% sequentially but up 14% year over year. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, natural gas news

An exclusive OAG360 interview with Drillcore Founder and Managing Partner Evan Turner New York-based Drillcore Energy Partners launched its debut fund this week, a $250-million private equity fund targeting U.S. upstream. Drillcore said it seeks to allocate the capital raised from limited partners for its channel of proprietary deal flow. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, finance, private equity, drillcore, evan turner

Orders of $5.2 billion for the quarter, down 8% sequentially and up 9% year-over-year on a combined business basis* Revenue of $5.4 billion for the quarter, down 7% sequentially and up 1% year-over-year on a combined business basis GAAP operating loss of $41 million for the quarter, decreased 63% sequentially and increased unfavorably year-over-year on a combined business basis Adjusted operating income (a non-GAAP measure) of $228 million for the quarter, down 20% sequentially and down...

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, company earnings, oilfield services, baker hughes, bhge, q1

At the OPEC/Non-OPEC April 20 meeting of the Joint Ministerial Monitoring Committee (JMMC), the committee reported that the producer group hit a conformity level of 149% for production cuts in March. OPEC said the 24 cooperating producers agreed to make voluntary adjustments in total production of around 1.8 million barrels per day. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, commodity pricing, conformity, opec

ExxonMobil Corp. is pulling out of some of its joint ventures with Rosneft, a Feb. 28 filing with the US Securities & Exchange Commission confirmed.

Source Feed: Drilling and Production News
Categories: drilling production

Goodrich Petroleum Corp., Houston, expects to begin hydraulic fracturing operations on its next two Haynesville wells, the Cason-Dickson 14&23 No. 1 & 2 (92% WI), early this month.

Source Feed: Drilling and Production News
Categories: drilling production, goodrich petroleum corp, haynesville shale


Speakers at a day-long conference examining US shale oil’s short-term prospects repeatedly turned to Permian basin operations as examples of progress despite lower crude oil prices as operators reduced costs. But those same producers could face problems if transportation capacity doesn’t increase and local opposition mounts, other speakers said during the Feb. 27 event at the Center for Strategic & International Studies.

Source Feed: Drilling and Production News
Categories: general interest, drilling production, unconventional resources, production operations

India’s Oil & Natural Gas Corp. is targeting 2 million cu m/day from three coalbed methane blocks in Jharkhand state. The operator spudded the BE No. 95 development well on Feb. 25, launching a field development plan to drill 30 wells within the following year.

Source Feed: Drilling and Production News
Categories: drilling production, production operations, exploration development

Oklahoma state regulators revised protocol developed to reduce the chances of a felt earthquake resulting from well completion activities in Oklahoma’s SCOOP and STACK plays, which account for most of Oklahoma’s new oil and gas activity.

Source Feed: Drilling and Production News
Categories: drilling operations, drilling production

Inpex Corp. has received a 10% interest in the Lower Zakum concession offshore Abu Dhabi under an agreement with Abu Dhabi National Oil Co. Inpex paid a participation fee of $600 million. ADNOC earlier awarded a 10% interest in the concession, which has a 40-year term, to a group of state-owned Indian companies led by ONGC Videsh Ltd.

Source Feed: Drilling and Production News
Categories: drilling production, production operations

Slumping oil and gas investment in Canada has drawn responses from Alberta officials and an industry group, the latter calling for a federal “vision” for oil and natural gas. The Alberta government has committed to supporting partial upgrading of bitumen with as much as $1 billion (Can.) over 8 years beginning in 2019-20.

Source Feed: Drilling and Production News
Categories: general interest, economics markets, unconventional resources, government, production operations

ExxonMobil Corp., operator of the PNG-LNG project, has shut its Hides gas-conditioning plant in the wake of a powerful 7.5 magnitude earthquake that shook the Papua New Guinea highlands region in the early hours of Feb. 26.

Source Feed: Drilling and Production News
Categories: general interest, drilling production, hse, production operations

ONGC Videsh Ltd. (OVL) of India and GeoPark, Santiago, Chile, have formed a partnership to jointly acquire oil and gas exploration and production projects in Latin America.

Source Feed: Drilling and Production News
Categories: drilling production, production operations

Every oil and gas facility has the potential to be hampered by the problem of NORM (short for Naturally Occurring Radioactive Material), especially during phases of decommissioning. To fully understand NORM, first take note that it can be broken down into various waste streams. For example… There is NORM waste which is contaminated with other […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: chemicals, marine & offshore, mechanical, minerals, oil & gas, safety, tech, technology

Health is our most treasured possession. It does not last forever, yet most of us make the mistake of living like it will. It is not until we lose our health that we seek diligently to regain it. Sadly at that point, it’s most often too late, and it always has a cost of time, […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, business, culture, finance, health & wellness, leadership

Businesses are changing with the times, and there’s a new space for working in unique and creative ways. We’re in the clouds, we’re in the field, we’re out of the office. Many small businesses no longer even have offices because digital communication and infrastructure is superior and unlimited. The world as we know it … […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: accommodations, business, hotels, travel

Oil producing regions are experiencing a major downturn in the economy. The last few months have been challenging for all business sectors, and anyone reliant on oil revenue (and in Newfoundland that’s just about every one of us) has felt the pinch in some capacity. Managing your reputation in this business climate has never been […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, business

In the world of business, computers have become the foundation of how we live and work. Sitting at a desk all day is probably the worst thing we could to ourselves; It seizes up the muscles, makes the body weak and complacent, and eats away at our flexibility and posture. It’s not what we want, […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, human resources, personal development, sports

THE WINNERS ARE: TECHMATION ELECTRIC & CONTROLS, STEP ENERGY SERVICES, CROSBIE SALAMIS LTD, COUGAR HELICOPTERS, THE OGM SAFETY RESULTS AWARD WINNER: Techmation Electric & Controls Ltd. Techmation Electric & Controls Ltd. provides a complete range of electrical and instrumentation services throughout Western Canada. Techmation is committed to achieving stellar performance and giving value to their […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: aviation, best in class, human resources, oil & gas, safety, tech, technology

Petrotechnical Data Systems (PDS) is one of the biggest providers of software solution developers in the field of oil and gas industries. They recently unveiled a new Open Source Technology termed Wellsite Information Transfer Standard Markup Language (WITSML) for Energistics. Launched under the open Apache License, there are two categories of the software: the PDS […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, products & services, tech, technology

The FleetLink system from Atlas Copco supports the construction and oil and gas industry. It is offered in two packages, the FleetLink Advanced, intended for large pavers, including asphalt and large soil rollers, up to highway class pavers and the standard FleetLink for small pavers. Both packages are offered free of cost with the purchase […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: construction, products & services, tech, technology

The CMC Research Institutes are aiding the NRG COSIA Carbon XPRIZE for a $20 million global competition. The competition is aimed towards finding technologies that can successfully convert Carbon Dioxide emissions into high-value products. This is highly contextual in today’s world, where air pollution in major cities all over the world is a growing concern […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: business, global citizenship, resources, tech, technology

When an industry faces a harsh downturn for two years, there is a critical need gain efficiencies, optimization and reliability.  That’s a global trend. And in the coatings industry its leading minds that have come up with optimal gains that support sustainable long-term cost reductions and higher efficiency. Replacement and repair of damaged equipment are […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: drilling, exploration & production, liquefied natural gas, marine & offshore, oil & gas, oil sands, pipelines, tech, technology, transportation & logistics

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