July 21, 2017 – Oil & Gas 360

Natural Gas Workers Rally for Atlantic Sunrise Pipeline Approval

July 21, 2017

Workers from Cabot, Williams, Southwestern rally in Pa. From WYOU Eyewitness News More than 400 natural gas workers, contractors and their supporters rallied together last Thursday at the Shadowbrook Golf Course in Wyoming County. “It’s called American energy! We’re going to compete with the world!” Bradford County commissioner Doug McLInko said. Standing under a large American flag, republican lawmakers from

Half of Well Productivity Gains May be Due to Core Acreage Drilling, Not Better Frac Designs: MIT

July 21, 2017

New wells typically focus on the best locations Much has been made of productivity gains in oil and gas operations since the oil price downturn in 2014. Many companies emphasize that their current wells are significantly more productive than old wells. In general, much of the improved output has been attributed to improved completions designs. Higher proppant loading and tighter

Core Lab and Fracture ID Launch Consortium to Study the Wolfcamp

July 21, 2017

Core Lab (ticker: CLB) and Fracture ID, two companies coming to EnerCom’s The Oil and Gas Conference® in August, have worked together to launch the Horizontal Reservoir Characterization Consortium—Midland Basin. The idea is to evaluate geologic heterogeneity within the entire basin, and how it impacts well production. The consortium of operators will use Fracture ID’s Drillbit Geomechanics™ technology to collect

Encana Q2: 25% Sequential Margin Growth from Q1

July 21, 2017

Encana Corp. (ticker: ECA) is one of the first E&Ps to report it second quarter results. ECA announced a growth of 25% in its margin from the first to the second quarter of 2017. Douglas Suttles, President and CEO of Encana, indicated that this was due to the increase in the fraction of oil and condensate in its production mix.

Schlumberger Kicks Off Q2: Growth

July 21, 2017

U.S. fracturing services grew by 68% sequentially from Q1 to Q2 Schlumberger has begun the oil and gas Q2 earnings season. The oilservices behemoth announced a net loss of $74 million, or $(0.05) per share. After adjusting for special charges, Schlumberger’s net results are earnings of $488 million, or $0.35 per share. Revenues for Q2 2017 totaled $7,462 million, which

U.S. Rig Count Down 2, Permian Climbs by 1

July 21, 2017

Two offshore GOM rigs come online U.S. drilling activity fell this week, according to Baker Hughes’ Weekly Rig Count. Overall, two rigs shut down in the United States in the week, bringing the total number of rigs active in the country to 950. Four land rigs shut down, while two offshore rigs became active. These changes mean there are now

Canadian Natural Resources Files Shelves Covering $3 Billion Debt and 97.5 Million Common Shares

July 21, 2017

Canadian Natural Resources Limited (ticker: CNQ) has filed a preliminary short form base shelf prospectus with applicable Canadian regulatory authorities and a registration statement on Form F-10 with the United States Securities and Exchange Commission. The prospectus allows for the future issuance, from time to time, of up to US$3 billion in debt securities, the company said in a statement.

Cheniere Energy Partners Declares Quarterly Distributions

July 21, 2017

Cheniere Energy Partners Declares Quarterly Distributions

GE Slumps, Takes Dow with it

July 21, 2017

GE Slumps, Takes Dow with it

Tribute Resources Announces the Engagement of a Financial Advisory Services Firm to Raise Financing

July 21, 2017

Tribute Resources Announces the Engagement of a Financial Advisory Services Firm to Raise Financing

Superior Drilling Products: Q2 Revenues will Eclipse Q2-‘16

July 21, 2017

Superior Drilling Products, Inc. (ticker: SDPI) anticipates that its revenue will be as much as four times higher for Q2, 2017 than it was for the same quarter in 2016, the company said in a statement yesterday. Troy Meier, Chairman and CEO of Superior Drilling Products, attributed the growth to “increasing market penetration and deployment of [the company’s] flagship Drill-N-Ream®

Dear Kurdish Delegation: Don’t Get Your Hopes Up for Independence – Tehran

July 21, 2017

From Rudaw SULAIMANI, Kurdistan Region – Iranian leaders advised a visiting Kurdish delegation to keep their hopes low and to not expect “good things” coming out from Tehran in relation to the planned independence referendum this fall. Mala Bakhtiar, a senior leader of the Patriotic Union of Kurdistan (PUK), told reporters on Thursday that Iran, like Turkey and Iraq, has

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