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Oil, gas-targeting rigs both unchanged for fourth time in 31 years Drilling activity held flat this week, the first unchanged week since February, according to the latest edition of Baker Hughes’ Weekly Rig Count. One land-based rig shut down this week, while one offshore rig began drilling. This means there are 1,034 land, two inland waters and 21 offshore rigs[Read More...] The post U.S. Rig Count Holds Steady at 1,057 appeared first on Oil & Gas 360.

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















Houston-based Talos Energy Inc. (NYSE: TALO) was a top five bidder in the recent Gulf of Mexico lease sale held by the Bureau of Ocean Energy Management (BOEM) on August 15, 2018. Talos was the high bidder on six deepwater and eight shallow water blocks. Talos Energy was the high bidder on 6 deepwater, 8 shallow water GOM Lease Sale Blocks, Aug.[Read More...] The post Talos Energy High Bidder on 6 Deepwater, 8 Shallow Water GOM Lease Sale Blocks appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, offshore, popular 3, togc23, gulf of mexico, offshore drilling, talos energy

Houston-based Contango Oil & Gas Company (NYSE American: MCF) President and CEO Allan D. Keel has resigned all positions at the company effective immediately, Contango said in a news release yesterday. Contango said it has appointed John C. Goff and Wilkie S. Colyer, Jr. to its board and that Colyer has been appointed Interim President and Chief Executive Officer effective immediately.[Read More...] The post Contango, CEO Part Ways appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, people, contango

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks rose by 33 Bcf last week, increasing to 2,387 Bcf from 2,354 Bcf. This is 22.3% below the 3,074 Bcf that was in storage at this point last year, and[Read More...] The post Weekly Gas Storage: Modest Build 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

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Guidance raised on outperformance Magnolia Oil & Gas (ticker: MGY) announced its first quarterly results since its acquisition of assets from EnerVest, giving an initial view into Steve Chazen’s new company. Magnolia was formed from TGP Pace Energy Holding’s $2.66 billion acquisition of EnerVest’s Eagle Ford assets earlier this year. The transaction closed at the end of July, giving Magnolia[Read More...] The post Chazen’s Magnolia Announces Q2 Production appeared first on Oil & Gas 360.

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

$9.2 billion transaction close second to $9.5 billion CXO-RSPP deal Diamondback Energy (ticker: FANG) continued the recent trend of consolidation in the Permian with the acquisition of Energen (ticker: EGN). This $9.2 billion all-stock deal adds to an active year for large M&A transactions. This deal is the second-largest Permian transaction ever, falling just short of Concho’s (ticker: CXO) $9.5[Read More...] The post Diamondback – Energen to Combine in Second Largest Permian Deal Ever...

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

The directors of Anadarko Petroleum Corporation (NYSE: APC) have named Amanda M. McMillian EVP and General Counsel, effective immediately. Robert K. Reeves, Anadarko’s EVP, Law and Chief Administrative Officer, will remain EVP, CAO until his retirement at the end of 2018. Anadarko Names Amanda McMillan EVP, General Counsel McMillian joins Danny Brown, Executive Vice President, U.S. Onshore Operations; Bob Gwin, Executive[Read More...] The post Anadarko Names EVP, General Counsel appeared first...

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, people, anadarko

Carrizo places deal at $13,000 per net acre Houston’s Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) said Tuesday it will acquire Delaware Basin properties from Devon Energy Corporation (NYSE: DVN) for $215 million in cash. Carrizo said it will fund the purchase with net proceeds from an equity offering. The underwritten public offering of 9,500,000 shares of common stock was priced[Read More...] The post Carrizo Snags Delaware Basin Acreage from Devon in $215 Million Cash Bolt-On appeared first on...

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, a&d transactions, closing bell story, crude oil news, e&p, finance, popular 1, bolt-on, carrizo, delaware basin, devon

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 6,805 MBBL last week to 414,194 MBBL from 407,389 MBBL. This is 11% below the 466,492 MBBL that was in storage at this point last year, and is 1% above the five-year[Read More...] The post Weekly Oil Storage: Surprise Large Build appeared first on Oil & Gas 360.

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





Oil production guidance up 12%, CapEx up 18% Jagged Peak Energy (ticker: JAG) reported second quarter earnings last week, showing net income of $45.1 million, or $0.21 per share. Jagged Peak produced a record 34.6 MBOEPD in Q2, 8% above the high end of guidance. This means the company’s production grew by 25% sequentially and 135% year-over-year. Like many other[Read More...] The post Jagged Peak Boosts Oil Guidance, CapEx appeared first on Oil & Gas 360.

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Categories: 360 articles, closing bell story, crude oil news, natural gas news

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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