A bit of good new to end week: After 8 weeks of declining US oil and gas rig counts, we’ve finally edged upward. Puro Pinche Oilfield According to weekly data from Baker Hughes, The U.S. added two oil rigs and lost one gas rig for a net increase […]
Baker Hughes rolled out its new look Tuesday to mark its independence after more than two years of majority ownership by the industrial conglomerate General Electric Co. Oilfield1 Caps The Houston oilfield service company is dropping the GE logo and exchanging its former blue letters for dark green […]
Oil majors and large independent exploration companies are beginning to dominate the Permian Basin in West Texas, but smaller, private equity-backed companies are still doing a lot of drilling. Awesome Oilfield Caps Backed by $1 billion from New York private equity firm Apollo Global Management, Double Eagle Development […]
While Callon would acquire for $1.2 billion Carrizo, the sale is pitched as a merger of near-equals of Houston-based producers in an all-stock deal. But New York hedge fund manager Paulson & Co., which holds nearly 10 percent of Callon’s shares, is contending it’s a bad deal. Texas […]
British oil major BP is drilling under a new name in Texas and Louisiana. 🔥 Texas Oilfield Caps 🔥 Nearly a year after buying the onshore North American assets of Australian conglomerate BHP in a $10.5 billion deal, BP has launched BPX Energy as the new operating company […]
Houston pipeline operator Kinder Morgan is staring a new pipeline to move natural gas the from the Permian Basin to Corpus Christi ahead of schedule. In a statement, Kinder Morgan said its 448-mile Gulf Coast Express Pipeline will begin full commercial service on Wednesday. Puro Pinche Oilfield Caps […]
When CBS7 News arrived at the Chevron Gas Plant in Andrews around 2:00 P.M. our reporter found the plant unlocked with apparently no one inside. Texas Oilfield Caps We were told that a social media post sent workers home for the day. We have reached out to Chevron […]
The U.S. tried to build its case Monday that Iran was behind the fiery weekend attack on key Saudi Arabian oil facilities that raised new war worries and sent energy prices soaring. Iran denied responsibility, while President Donald Trump said the United States was “locked and loaded” to […]
The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more. American Oilfield Caps Surging output from shale helped America ship almost 9 million barrels a day of crude and oil products in […]
The Texas energy sector has managed to add jobs and increase oil and gas production in the past 12 months despite lower oil prices, but fears of a slowdown loom for the rest of this year and into 2020, according to a midyear “State of Energy” report. Awesome […]
