Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on…
OilField
The petroleum industry, also known as the Oilfield, oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline
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Layoffs in the oilfields expected after crude oil prices dive
If oil prices do not change for the better we can expect the following to come to fruition. MIDLAND, Tx. (KOSA) – Oil prices took…
Williston North Dakota is preparing for potential coronavirus patients
The Oilfield is especially vulnerable to the Virus as workers travel by airport and are in constant interaction with other Co-workers, that use Airports to…
Oxy brings in former Schlumberger CEO
Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more…
JARED POLIS’ OIL AND GAS JUNK SCIENCE
The governor’s political appointees are working overtime to bypass Colorado voters and implement their own regulations aimed at shutting down our energy industry. Under this…
Layoffs – ProPetro cuts almost 150 workers
According to Reuters workers at ProPetro are on the chopping block and more could follow if crude oil prices don’t stabilize. Crude prices have been…
The last oilfield slump contributed in electing President Donald Trump
The last slump in oil and gas drilling contributed to the mid-cycle economic slowdown in 2015/16, which helped fuel the political discontent that resulted in…
Cheap Hotel Rooms in West Texas? Yes , And that’s bad news for frackers
A finance source I speak with contacted me this week with the news they were paying $250 a night for their room at a decent…
California Hydraulic Fracturing – Unique geology means less water
Fracking in California, where unique geology means the practice uses less water and energy than it does in the Midwest, South and East Coast. Records…
We dodged a slowdown? – Before the attacks on the desert Kingdom
Before the drone attacks occurred on the dictators from desert Kingdom, the U.S oil sector was on a slow-paced downwards momentum. U.S rig count was…
EPA Revokes Anti Oil Industry Rules?
The EPA proposed updates to the prior administration’s national standards for the oil and natural gas industry. The proposal would remove duplicative regulations and save…
The Texas Oilfield Slowdown Is Approaching
Explorers and producers are constrained by the reduction in capacity for borrowings and an increase in the cost of capital. Also, explorers are facing constant…