Cox Oil acquires Chevron gulf properties

Privately held Cox Oil Offshore LLC, Dallas, has acquired Gulf of Mexico properties from Chevron Corp. that include 19 oil and gas fields and associated assets in federal and Louisiana state waters. Source: News

IMCA revises offshore guidance documents

The International Marine Contractors Association has revised two technical guidance documents often incorporated into offshore contracts of the oil and gas industry. Source: News

Watching Government: Enforcing wage and hour rules

Environmental regulatory enforcement actions tend to grab headlines. Federal wage and hour actions also involve US oil and gas firms from major service companies and refiners to smaller oil field service providers. Source: News

Gas pipelines don't lower property values, INGAA Foundation study finds

An underground natural gas pipeline’s presence does not affect residential properties’ sales prices or insurability, a study commissioned by INGAA Foundation Inc. concluded. The study by Integra Realty Resources Inc. for the Interstate Natural Gas Association of America’s foundation based the finding on analysis of property sales in Ohio, New Jersey, Virginia, and Mississippi. […]

Gaffes and facts

Widespread toleration of reckless overstatement must mean something. In presidential campaigns of the recent past, Donald Trump and Bernie Sanders long ago would have been laughed out of the news cycle-the latter for making outlandish promises and the former for general outlandishness. Source: News

On the backside of a paradigm

For all of their promise, unconventional resource basins in the US are experiencing a shift in momentum. On Apr. 8, Baker Hughes Inc.’s rig count settled at 443-the lowest number on record since the company began releasing these data in 1949. This marked 31 of the last 33 weeks the rig count declined, bringing the […]