“Our industry is rarely celebrated. We’re here to change that” Liberty CEO Chris Wright rallies thousands of hashtag#oilandgas industry workers at the Colorado Capitol.
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NY ban on hydraulic fracturing Vs Pennsylvania Pro Frac
According to a new report, Pennsylvanians have saved more than $30 billion over the last decade from lower natural gas prices. In December 2014, NY…
The Return of Fracking in the Barnett Shale ?
It’s not his top priority, but staying out of residential communities makes running his business easier. Steinsberger and his team are (Frac) fracking for oil,…
KLX Energy Services on Times Square Tower!
KLX Inc. (“KLX” or the “Company”) KLXI, -0.16% announced today that it has completed the previously announced spin-off of KLX Energy Services Holdings, Inc. (“KLX…
Mayors Against Proposition 112
A contentious statewide ballot item in Colorado proposing to extend the oil and gas requirement to 2,500 ft has met with severe opposition from energy…
The fight against Proposition 112
Coloradans are set to vote on a ballot initiative Election Day that would ban drilling within 2,500 feet — nearly a half-mile — from buildings and some…
Colorado voters in November will consider banning oil and gas drilling within 2,500 feet of homes
Colorado voters in November will consider banning oil and gas drilling within 2,500 feet of homes, businesses and many green spaces, a move that would…
Are Weir’s SPM® QEM 3000 Frac Pumps any good?
Weir’s SPM® QEM 3000 Frac Pump Looks and Performs Like New After 3,000+ Demanding Field Hours.
The QEM 3000 features the industry’s largest roller bearings to more efficiently distribute load stress. After 3,200 hours of extreme, continuous-duty operation, these look brand new.
Weir Oil & Gas. Read more
Hedge funds reduce net-bullish bets on Brent crude oil
on the bright side, Russian Energy Minister Alexander Novak said his nation’s alliance with OPEC, whose historic joint output cuts have helped support oil above…
The Permian is poised to continue growing.
The Permian basin produces 2.9 MMbopd, approximately 45% of light-tight oil production in the U.S. More than 800 E&P operators, 25 pressure pumpers, and…
In 2017 America oil drillers ended with 7,493 Drilled but uncompleted wells
America oil drillers ended 2017 with a total of 7,493 DUC wells according to the latest report by the United States Energy Information Administration (EIA). Permian Basin…
Growing use for the wireline services market
Increasing oil production and aging reservoirs are the major driving forces driving the wireline services market. The recovery segment is the fastest usw owing to implementation on both onshore and offshore sectors. Read more
China Moving In On The U.S LNG and Shale Boom
China Petroleum and Chemical Corp (Sinopec), Bank of China and CIC Capital Corp signed a joint development agreement with Alaska Gasoline Development Corp and the State of Alaska to jointly build an integrated liquefied natural gas (LNG) system valued at $43 billion.
China Energy Investment Corp signed a memorandum of understanding with West Virginia state to invest $83.7 billion in shale gas, power and chemical projects. Read more
Crude oil prices are trending up
Crude oil prices are projected to range between US$58 and US$68 per barrel over the next few months in tandem with industry expectations, according to Hibiscus Petroleum Bhd managing director Dr Kenneth Gerard Pereira.
He said the benchmark Brent crude oil, currently trading at US$63 per barrel, was a strong indication of underlying demand due to growing world population.
“Crude oil prices are strong and trending up, it is not as volatile as it was before,” he told reporters at the Hibiscus Petroleum corporate and business update here yesterday. Read more