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The Haynesville Shale play drew a lot of attention early this week when Haynesville operator Comstock Resources (stock ticker: CRK) announced it was acquiring privately-held Covey Park Energy for $2.2 billion, making Comstock one of the major players in the Haynesville. But Comstock is no newcomer to the Haynesville.  The company has been acquiring and bolting on acreage for several[Read More...] The post Jerry Jones Gives his View of Haynesville’s Comstock Resources on Conference Call...

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, mergers & acquisitions, natural gas news, acquisition, comstock resources, haynesville, jerry jones, premium content

Canadian numbers rise by 4 This week’s Baker Hughes rig count shows that U.S. numbers fell by six, bringing the total down to 969. Compared to this time last year, the decline is even steeper, with yearly numbers down 90 compared to June of 2018. Canada, on the other hand, is up compared to last week with a total count[Read More...] The post U.S. Rig Count Falls Again appeared first on Oil & Gas 360.

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Categories: 360 articles, closing bell story, crude oil news, mlp news, natural gas news, baker hughes, canada, north america, rig count, united states

Merge, SCOOP and STACK producer Roan Resources, Inc. (stock ticker: ROAN) said it expects 2Q production to exceed 50 MBOEPD, which compares to adjusted guidance of approximately 49 MBoe/d, when accounting for ethane rejection. The company elected to reject ethane in the month of June, which impacts monthly volumes by approximately 3.3 MBoe/d. Previous second quarter guidance of 50 MBOEPD[Read More...] The post Roan Resources Raises 2Q Guidance to 50 MBOEPD       appeared first on Oil & Gas 360.

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Categories: 360 articles, closing bell story, crude oil news, e&p, linn energy, merge, premium content, roan resources, scoop, stack

The US drilling rig count fell 6 units, reaching 969 rigs working for the week ended June 14, according to Baker Hughes data. The count is down 90 units from the 1,059 rigs working this time a year ago.

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

Zarubezhneft and production-sharing partners have started sales of associated sour gas at Kharyaga oil field in the Nenets Autonomous Region of northwestern Russia.

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

In its latest monthly Oil Market Report, the International Energy Agency cut its forecast for global demand growth in 2019 for a second consecutive month. It is now projected at 1.2 million b/d, reduced from 1.3 million b/d in the previous report and 1.4 million b/d in the April report.

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

Initial capital commitments of $500 million TPG Sixth Street Partners, a global finance and investment business founded in 2009, announced a new partnership today with the Houston-based private oil and gas company Glendale Energy Ventures. The two companies plan to directly invest in the development and acquisition of upstream oil and gas assets around the country. With an initial capital[Read More...] The post New Partnership to Acquire Upstream Assets appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, e&p, natural gas news, private equity, delaware, dj, eagle ford, glendale energy ventures, haynesville, midland, partnership, premium content, stack, tpg sixth street partners

Comstock acquires Covey Park Energy for $2.2 billion Dallas Cowboys owner Jerry Jones and company made a deal to acquire a young, up-and-coming player last Friday, but the deal had nothing to do with football. Rather, it involved Haynesville producer Comstock Resources (stock ticker: CRK), of which Jones is a majority owner. Comstock is purchasing Covey Park Energy, a private[Read More...] The post $2.2-Billion Haynesville Merger Creates New Basin Leader appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, mergers & acquisitions, natural gas news, aethon, bp, chesapeake, comstock, covey park, dallas cowboys, gep, haynesville, horizontal directional drilling, jerry jones, matador resources, mergers, natural gas, premium content, shale

Polis's snub of Jordan Cove dovetails with his new 100% renewable energy program U.S. Congressman Scott Tipton, representing Colorado's Western Slope -- the Piceance Basin. Photo: U.S. House of Representatives U.S. Congressman Scott Tipton (R) took a shot at Colorado Governor Polis for reversing the previous Colorado governor’s official state support for Oregon’s proposed Jordan Cove LNG export terminal and[Read More...] The post Colorado Governor’s Withdrawal of Support for Jordan Cove Riles...

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Categories: 360 articles, closing bell story, downstream, lng, midstream, politics, colorado, coos bay, jordan cove lng, mancos shale, oregon, piceance basin, premium content, scott tipton, u.s. congress, western slope

The WTI is down 2.7 percent and Brent is down two percent.

Source Feed: Rigzone.com: Latest News Headlines


A new Corpus Christi-area ethane steam cracker complex will enjoy closer proximity to a major source of natural gas liquids feedstocks than other Texas Gulf Coast sites.

Source Feed: Rigzone.com: Latest News Headlines


Oil tanker owners face spiraling insurance costs to load cargoes from the world's largest crude-export region after the latest round of attacks.

Source Feed: Rigzone.com: Latest News Headlines



Aker Solutions has appointed Ole Martin Grimsrud as its new chief financial officer.

Source Feed: Rigzone.com: Latest News Headlines


For now, the war that really worries oil investors is the deepening trade conflict between the U.S. and China.

Source Feed: Rigzone.com: Latest News Headlines

Brazos Midstream and Shell E&P sign exclusive deal Brazos Midstream, a major Delaware Basin midstream player, has signed a 15-year gathering and processing agreement with Shell Exploration and Production. The deal will allow Brazos to construct a new natural gas gathering system in the region spanning across Loving, Ward, and Winkler counties. The new midstream infrastructure will be anchored by[Read More...] The post New NatGas Gathering, Processing System Heading to the Delaware appeared...

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, midstream, natural gas news, brazos midstream, comanche, delaware basin, fort worth, gathering and processing, natural gas, premium content, shell, texas

Howard Energy Partners completes expansion of Port Arthur and Corpus Christi terminals This week, Howard Energy Partners (HEP) announced the completion of two expansion projects at its Port Arthur and Corpus Christi bulk liquid terminal facilities, increasing HEP’s Gulf Coast storage capacity to 2.6 million barrels. The expansion also upped the number of ship and barge docks by three each,[Read More...] The post Port Arthur, Corpus Christi Terminals Get an Upgrade appeared first on Oil & Gas...

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Categories: 360 articles, closing bell story, lng, mexico, natural gas news, corpus christi, hep, howard energy partners, port arthur, premium content, texas

Two vessels seriously damaged after seemingly intentional strike Two tankers were attacked Thursday near the Strait of Hormuz in the Gulf of Oman, leading to a spike in oil prices as markets opened today. U.S. officials are blaming Iran for the incidents; however the country has vehemently denied any involvement. Source: Islamic Republic News Agency The attacks on the two[Read More...] The post Oil Spikes After ‘Suspicious’ Tanker Attacks in Middle East appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, commodity pricing, crude oil news, international, natural gas news, opec, politics, brent, crude, exports, gulf of oman, imports, iran, japan, middle east, norwegian, persian gulf, premium content, prices, saudi arabia, shale, strait of hormuz, tanker attacks, tariff, trade war, united states, wti, yemen

Poor barrier management combined with underbalanced operations performed without proper planning, procedures, or needed equipment to make an Oklahoma natural gas well blow out and catch fire on Jan. 22, 2018, killing five workers in the driller’s cabin on the rig floor, a US Chemical Safety Board investigation concluded.

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

Canadian production of crude oil and condensate will increase through 2035 but at rates sharply lower than predicted before the crude-price slump of 2014-15 and the onset of problems associated with pipeline congestion. In its annual outlook for crude oil, the Canadian Association of Petroleum Producers projects total Canadian production of 5.86 million b/d of crude oil in 2035, compared with 4.59 million b/d in 2018.

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

Light, sweet crude oil prices for July and August dropped steeply by more than $2 on July 12 to settle below $52/bbl on the New York market while Brent crude oil also dipped by more than $2 in London to settle under $60/bbl.

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

Natural Gas Inventories as of June 7, 2019 The EIA has released its natural gas inventory report, showing a build of 102 Bcf as of June 7. Working gas in storage was 2,088 Bcf as of Friday, June 7, 2019, according to EIA estimates. This represents a net increase of 102 Bcf from the previous week. Stocks were 189 Bcf[Read More...] The post Weekly Gas Storage: Inventories Grow by 102 Bcf appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, natural gas news, natural gas roundup, natural gas storage, eia, natural gas storage report, weekly gas inventory

Flaring of natural gas rose 3% year-to-year in 2018 to an estimated 145 billion cu m, the World Bank’s Global Gas Flaring Reduction Partnership disclosed on June 12. The growth was associated with increased US crude oil production, although US flaring intensity—the volume of gas flared per barrel of produced oil—remained low at 2.2 cu m, it said.

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

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Citing a “growing mismatch” between hope and action, BP executives released the company’s annual Statistical Review of World Energy featuring slow progress on climate change and rapid growth in energy demand and emissions of carbon dioxide. The report also noted that the US recorded the largest-ever annual production increases by any country for oil and natural gas, “the vast majority” coming from onshore shale plays.

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

DNO North Sea (ROGB), a unit of DNO, hired Well-Safe Solutions to decommission up to 21 UK Continental Shelf wells in Schooner and Ketch fields, which DNO acquired in 2018 from Faroe Petroleum. The North Sea fields stopped producing in August 2018.

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

Brent crude oil spot prices are expected to average $67/bbl this year, which is $3/bbl lower than forecast last month in the US Energy Information Administration’s Short-Term Energy Outlook. In this month’s STEO, EIA reports expecting Brent to remain at $67/bbl in 2020. EIA’s lower Brent price path for this year reflects rising uncertainty about global oil demand growth.

Source Feed: Drilling and Production News
Categories: general interest, economics markets, drilling production, government, 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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