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August 22, 2017

EnerCom’s Oilfield Tech Innovators Let Operators Hear, Heal, Clean and Stimulate Downhole – “Tech Day” Recap Part 2

August 22, 2017

“As drilling gets more efficient, more capital is being allocated to completions” – Cold Bore Technology’s Tyler Sanden Last week, following The Oil & Gas Conference® in Denver, EnerCom hosted the debut of Oilfield Tech & Innovation Day, at which technology developers with solutions tailored primarily for the E&P industry presented their strategies and technologies. This story is Part 2

WPX Drills Lateral Well at a Record of Nearly 350 Feet per Hour

August 22, 2017

8,370 lateral feet drilled in 24 hours WPX Energy, in a post on Facebook, recorded what may be a new drilling record today. The company may have chalked up the fastest lateral drilling ever achieved for an oil and gas well. According to the post on the company’s Facebook page, WPX’s San Juan Basin team, specifically the Cyclone Rig 32,

BHP Looks to Sell its U.S. Shale Assets: We are Prepared to be Patient

August 22, 2017

Sale signals success for Paul Singer’s activist efforts BHP Billiton (ticker: BHP) announced its intent to exit its onshore U.S. oil and gas operations, after a long campaign by activist investor Paul Singer. BHP reported fiscal year-end results today, showing attributable profit of nearly $5.9 billion, or $1.107 per share. In the conference call, BHP CEO Andrew Mackenzie announced that

Sanchez Sells Dry Gas Portion of Eagle Ford Acreage for $105 Million

August 22, 2017

No current plans to develop sold properties Sanchez Energy (ticker: SN) announced the sale of a portion of its Eagle Ford assets last week in a $105 million all-cash deal. Sanchez is divesting the Javelina portion of its acreage, totaling about 70,000 acres. Unlike most of the company’s acreage, Javelina is entirely in the dry gas portion of the Eagle

Mexico Looks to Replicate U.S. Shale Success

August 22, 2017

Private companies may investigate Mexican portion of the Eagle Ford Mexico is beginning to recognize the benefits of private investment, and is opening its Burgos basin to development by private companies. This is notable as the Burgos basin has been the domain of state-owned PEMEX since 1938. The Burgos Basin is located directly south of Texas with mostly natural gas

Finding More than Oil in North Dakota

August 22, 2017

North Dakota Geological Survey makes history in 2017 with T-Rex teeth discoveries BISMARCK- The North Dakota Geological Survey through the Paleontology program made history – not once, but three times – during a public fossil dig south of Bismarck, Thursday, August 17th. History was first made when a dig participant found the largest, intact tooth from a Tyrannosaurus rex (figure1)

Meet the Man Who May Soon Lead Chevron

August 22, 2017

From CNBC Chevron Vice Chairman Michael Wirth might be the man to shepherd the oil major into the industry’s uncertain future following a report that CEO John Watson will step down. Wirth, who has spent about 35 years at Chevron, is a leading candidate to replace Watson, people familiar with the matter told the Wall Street Journal and Reuters. Sources told the Journal the

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