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Permian rig count up, Marcellus down

rig count, Permian

While the gain in the rig count is less than it has been the past few weeks, today’s number still shows an increase of 7 new rigs exploring for oil and gas, according to the latest numbers from Baker Hughes.  It isn’t surprising that the Permian Basin is still the hot spot, with an increase of 7 new rigs for ...

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Spray foam insulation for the ag industry

spray foam

Poultry houses, says Profoam Corporation President Ted Medford, are the perfect example of how closed-cell spray foam insulation is making a big difference in agriculture. Farmers and ranchers across the United States have learned that the best residential and commercial insulation is just as effective for farms, ranches, and other agricultural operations. Traditional barns, pole barns, sheds, farrowing houses, cattle ...

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Noble makes bold moves in the Permian

US rig count drops to 443 this week, Texas loses 7

With a recent Permian Basin acquisition worth around $6 billion, Exxon Mobil isn’t the only oil and gas company making waves in the new year. Noble Energy announced Jan. 16 it plans to acquire Clayton Williams Energy for $2.7 billion in Noble Energy stock and cash. The Noble Energy press release notes the acquisition will advance the companies goals within the ...

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Reducing Refrac Risk – A Strategy for Success in Uncertain Times

The World Bank has forecast crude oil prices around $55 per barrel in 2017. Yet there is considerable uncertainty around the outlook. Ongoing negotiations among OPEC producers, and China’s transition from a manufacturing to a service-based economy, will both affect an already volatile market.  So, which companies will be in the best position to not only survive—but thrive—during times of uncertainty? ...

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Aggreko’s automated power control kit cuts fuel costs

power automation, aggreko

Houston–Power generation and HVAC specialty rental company Aggreko, plc has launched a unique power automation system that eliminates idling and saves up to 65% in fuel costs. The unique technology also reduces emissions, regardless of the fuel source. Aggreko’s scalable power automation systems can be retrofitted on diesel and natural gas generator sets and incorporates a hybrid battery control kit ...

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Edwards vs. Landry in O & G lawsuits

Louisiana wetlands

It doesn’t seem to be as much a battle between environmentalists and big oil as it does about a battle between Louisiana Gov. John Bel Edwards and Louisiana Attorney General Jeff Landry. The Louisiana Record reported Dec. 4 that the standoff between the two officials is partly due to the reversal of Judge Stephen Enright Jr.’s decision to allow Jefferson ...

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Texas adds 7 rigs; Dec. 2 rig count totals 597

baker hughes, rig count

U.S. oil producers, especially in shale plays across the region, are likely crossing their fingers that OPEC’s commitment to cutting production will help oil prices to inch higher—and stay there. In the meantime, rig counts have inched up slightly. As reported by Baker Hughes, the number of rigs exploring for oil and natural gas went up a total of four ...

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Thanks to the Wolfcamp, Permian Basin breaks another record

The U.S. Geological Service (USGS) announced the estimate of continuous oil in the Wolfcamp shale in the Midland Basin portion of the Permian Basin is almost three times that of the 2013 USGS Bakken-Three Forks resource assessment. This makes the the Wolfcamp the largest estimated continuous oil accumulation that the USGS has assessed in the United States–ever. The USGS estimates ...

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