Wednesday, April 23, 2025
U.S. Oilpatch Productivity Multiple Climbs Above 3.0 - Oil & Gas 360

Frac Holiday Tanks Shale Efficiencies

EERC drops sharply EnerCom has released its latest Effective Rig Count, linking the state of drilling activity and the reported production from the major shale basins. The Effective Rig Count dropped by 83 in December, meaning the Effective Rig Count now stands at 2,762. This means that the new production in December would have required 2,762 rigs from January 2014

Northern Oil and Gas Provides Q4 2018 Update

Northern Oil and Gas, Inc. (stock ticker: NOG) updated its stock repurchase program and provided a general business update with new fourth quarter estimates and hedging information. Northern has repurchased approximately 12.0 million shares of common stock since October 1, 2018, 4.6 million shares of which were repurchased in this calendar year through January 21, 2019. Production for the fourth

LNG Canada Moves Forward: $937 Million in Contracts Approved

LNG Canada has approved contracts totaling almost $1 billion (CAD) for the early construction phase of its  LNG export project near Kitimat, British Columbia. LNG Canada approved over $937 million (CAD) in contracts and subcontracts with First Nations enterprises and other businesses across Canada. This includes $175 million (CAD) to local First Nations businesses and, with the addition of contracts awarded to local Kitimat area businesses, including First