Tuesday, January 7, 2025

Eclipse Resources Setting More Records with Super Lateral Wells

Centered in Eastern Ohio, Eclipse Resources (ticker: ECR) holds approximately 113,500 net acres in the Utica shale, with approximately 14,000 prospective net acres in the liquids rich Marcellus. The company entered the Utica play in 2011 and, since then, has drilled over 225 wells in the area. During Q1, 2017, Eclipse averaged 290 Mmcfe per day—which topped the company’s Q1,

U.S. Crude, Refined Products Exports Growing — Fast

Total exports more than doubled since 2010; Canada drops from 92% of U.S. exports to 58% Rising production from shale formations has fundamentally changed the U.S. petroleum products trade. After being flat for many years, exports of both crude oil and refined products have doubled in the last six years, according to a note released today by the EIA. U.S.

Flotek Industries: It Boils Down to Chemistry and Partnering with Watson

The Flotek Industries (ticker: FTK) business model is becoming more and more refined. After shifting its emphasis into oil and gas chemistry, the company’s business model on the energy side is built on offering both chemical product solutions and oilfield services for oil and gas producers through its Energy Chemistry Technologies business. Flotek also believes that the oil industry’s demand

Crescent Point Renews $3.6 Billion Credit Facilities

CPG likes Uinta basin horizontals Williston and Uinta basin light oil producer Crescent Point Energy Corp. (ticker: CPG) renewed its unsecured, covenant-based credit facilities totaling $3.6 billion, with a maturity date extension to June of 2020. The company reported that as at June 26, 2017, it estimates unutilized credit capacity of approximately $1.5 billion, with no material near-term debt maturities,

Superior Drilling Products:  Demand Heading Up with Rig Count

Superior Drilling Products (ticker: SDPI) specializes in designing and building products meant to optimize the drilling process. Superior offers five products geared towards advancing drilling efficiency and two services to benefit operating companies during their drilling activities. Eliminating problems downhole Superior’s drilling oriented technology is specialized for solving problems inherent in the drilling process. The company’s Drill-N-Ream® tool is built

EnerCom Adds Presenting Companies for The Oil & Gas Conference® 2017

The Oil & Gas Conference® is in Denver August 13-17, 2017 EnerCom, Inc. will host its 22nd consecutive The Oil & Gas Conference® on August 13-17, 2017, in Denver at the Westin Denver Downtown. The Oil & Gas Conference® is an investment conference designed for exploration and production and oilservice and technology companies to give mid-year updates to a large

Legal Departments Keep Huge Percentage of Work In-House, Here’s Why

From the American Lawyer Nearly 75 percent of work for legal departments is handled internally, according to a recently released report. Keeping more work in-house has been the reality for in-house counsel for some time, and current and former in-house lawyers say it’s a trend that’s likely here to stay. The results from the 19-page “General Counsel Up-at-Night” report are

And You Thought You Had Currency Problems? Alas, Poor Russia

From the Am Law Daily If you are a devout follower of the legal press, you’ve no doubt noticed that currency has frequently cropped up in our articles of late. Global law firms have to manage currency like any other multinational business, of course. But with the overwhelming majority of Big Law revenue still generated in traditionally stable Western markets, currency exchange