Tuesday, November 26, 2024

WPX Energy Adds Upside in the Permian  

An exclusive Oil & Gas 360® interview with WPX Energy VP of Midstream and Marketing Greg Horne, as WPX and Howard Energy Partners step on the accelerator In the early days of summer, WPX Energy (ticker: WPX) and privately held Texas midstream company Howard Energy Partners announced that the two companies had agreed to form a joint venture to develop

U.S. Oilpatch Productivity Multiple Climbs Above 3.0 - Oil & Gas 360

EnerCom Effective Rig Count Falls By 13

Efficiency up, rig count down EnerCom has released the latest Effective Rig Count edition, examining the state of drilling activity in major shale basins. The Effective Rig Count fell slightly in October, dropping from 2,219 to 2,212. While output per rig increased, this was outweighed by the drop in active rigs. The total number of rigs operational in major shale

Tellurian Enters $15 Billion Deal with Bechtel

Earlier today Tellurian Inc. (ticker: TELL) and Bechtel Oil, Gas and Chemicals, Inc. announced in a press release that the two companies have entered into four fixed price, lump sum turnkey agreements for a price totaling $15.2 billion. The cost will cover the engineering, construction and procurement for Driftwood LNG, a LNG export facility located near Lake Charles, Louisiana. With

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

OPEC Oil Production Gets a Haircut

Overall production down 150.9 MBOPD; Iraq v. Kurdistan trouble takes out 131 MBOPD OPEC has released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry. October was a good month for OPEC cuts, with compliance rising. Numerous countries saw oil production decrease, with total OPEC output falling by nearly 151 MBOPD.