Reversing last week’s decline, the US drilling rig count rose 15 units to 939 rigs working during the week ended Jan. 12, data from Baker Hughes indicate. This total is up 280 units from a year ago. Source: News
Maverick basin well finds oil, gas in South Texas
US Energy Corp. said it may take an increased working interest for up to four additional wells Dimmit County, Tex., after announcing positive results at it Beeler Ranch No. 1H in neighboring Zavala County. Source: News
SandRidge cancels Bonanza Creek takeover
SandRidge Energy Inc., Oklahoma City, has canceled its agreement to acquire Bonanza Creek Energy Inc., Denver. The cash-and-stock deal had an implied value of $746 million. Source: News
12 Jan 2018 12:58:19 EST – The latest stock information is now available for your stocks
XOM Last 87.4038 Change +0.4738 % Change 0.55% Volume 4,513,360 As of: 12 Jan 2018 12:58:19 EST View: Stock Quote | News CVX Last 133.28 Change +0.71 […]
ADNOC lets FEED contracts for sour gas project
Abu Dhabi National Oil Co. (ADNOC) has awarded two front-end engineering and design contracts for ADNOC’s offshore sour gas project involving Hail, Ghasha, and Dalma fields in the Arab formation. Source: News
Chinese operator starts up second PTA line
Tongkun Group Co. subsidiary Jiaxing Petrochemical Co. has commissioned a second purified terephthalic acid unit at its petrochemical production plant at Zhejiang Zhapu Industrial Park in Jiaxing Port Area, Zhejiang Province, China. Source: News
12 Jan 2018 11:56:52 EST – The latest stock information is now available for your stocks
XOM Last 87.455 Change +0.525 % Change 0.6% Volume 3,727,769 As of: 12 Jan 2018 11:56:52 EST View: Stock Quote | News CVX Last 133.2 Change +0.63 […]
Deep Ravenspurn gas test plugged off UK
A well testing deep gas potential in the Ravenspurn area of the southern UK North Sea has been plugged, reports Premier Oil. Source: News
MARKET WATCH: Crude-price rally continues after US crude inventory drop
US light, sweet crude oil and natural gas futures both traded higher on the New York market Jan. 11 after the US Energy Information Administration reported weekly drops in both crude oil supplies and underground gas storage levels. Source: News
Panel: Oil-price stability expected to aid deal-making in 2018
Relative price stability bodes well for oil and gas deal-making in 2018 and the Permian basin is expected to continue as the lead target for merger and acquisition activity. Barring a geopolitical event, oil prices are expected to remain on the high end of the $55-65/bbl range, and price stability is as important to deal-making […]