Thursday, December 26, 2024

DUCs Flying Every Which Way

Trends suggest that operators are using their DUCs as a more capital efficient means of tapping production, rather than using them to grow production For the past year, discussions in the oil and gas industry have been focused on asking what role drilled uncompleted wells, or DUCs, will play in the industry’s recovery. Most analysts have predicted a rapid reduction

Silver Run Purchases Centennial Resources

Mark Papa’s Silver Run will own 89% interest in Centennial Silver Run Acquisition Corporation (ticker: SRAQ), a special purpose acquisition company (SPAC) run by former 14-year EOG Resources (ticker: EOG) CEO Mark Papa, agreed to purchase approximately 89% interest in Centennial Resource Production, an independent E&P located in the core of the Southern Delaware Basin, from an affiliate of Riverstone

We Found the Bottom, but Don’t Expect an Easy Recovery – Schlumberger

Schlumberger CEO Paal Kibsgaard pessimistic on underlying industry performance During the second quarter conference call for the world’s largest oilfield service provider, Schlumberger (ticker: SLB) CEO Paal Kibsgaard said that oil markets had found bottom, but that the road to recovery could be long and daunting. Problems remain within the industry, Kibsgaard said, and the downturn has not created long-term

EnerCom Conference Presenter Focus: Blackbird Energy

Blackbird Energy will present at the EnerCom conference in Denver on Tuesday, August 16, 2016 Blackbird Energy Inc. (ticker: BBI) is a junior E&P company focused on the liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta, where it holds a 100% working interest in 83.75 sections. Blackbird has acquired its acreage in Alberta’s Montney fairway in proximity to highly