Thursday, February 13, 2025

EnerCom Effective Rig Count: 1,653

Eagle Ford, Marcellus Rigs Most Productive: EIA Report The EIA released its monthly Drilling Productivity Report today, outlining recent drilling and production activity. This report focuses on the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian and Utica. According to the EIA, these regions accounted for 92% of domestic oil production growth and all domestic natural gas production growth during 2011-14.

Wood Group to Acquire Amec in $2.7 Billion Deal

Post-merger company will be one of Europe’s largest energy design and engineering companies John Wood Group (ticker: WG) and Amec Foster Wheeler (ticker: AMFW) agreed to a merger today, combining the engineering services companies in a $2.7 billion deal. The resultant company would have a valuation of about $6 billion, making it one of the largest European energy project engineering

TransCanada to Move More Western Canadian Natural Gas to Eastern Markets

Successful Canadian Mainline open season for TransCanada TransCanada Corporation (ticker: TRP) said the successful conclusion of its long-term, fixed-price Open Season to transport natural gas on the Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub in Southern Ontario generated binding, long-term contracts from Western Canada Sedimentary Basin (WCSB) gas producers to transport 1.5 PJ/d of natural gas