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texas oilfield drilling

US Drilling Rig Count Hits a 10 Month High

US Rig count top 400 at 402, highest since May 2020 According to reports, drilling is picking up quickly and Texas seems to be the...

Texas billionaires Dan and Farris Wilks got a $35 million coronavirus relief loan, thanks...

Another day at the Office for Ted. Rafael Edward Cruz, the Junior United States Senator for Texas, convinced the trump admin to give $35m in...

Texas looks to be a Diversified Energy Producing State

Texas is the #1 energy consumer in the country and its economy and growth are dependent on reliable, secure and sustainable power. Abundant resources,...

Wood Mackenzie: The coming crash of liquefied natural gas

Global energy transition goals could threaten more than two-thirds of the world’s supply of liquefied natural gas

Saudi Aramco’s net profit plummeted nearly 45%

Weak oil demand in the third quarter hit Saudi Aramco’s net profits. According to reports, Saudi Aramco’s third-quarter results announced on the same day showed...

West Texas Intermediate crude slipped $3.19, or 8%, to trade at $36.60

Crude oil continues it's schizophrenia moves during today's trading session after reports of weakness in the post Coronavirus world. The list below is today's top...

Liberty Frac is going to get a whole lot bigger

Liberty Oilfield Services Inc. and Schlumberger announced an agreement for the sale of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada,...
Halliburton Company

Halliburton goes on survival mode – slash quarterly dividend

Halliburton Company recently announced that the board of directors decided to slash quarterly dividend for the second quarter of 2020 by 75%. Cutting spending again. How...

Earnings Report & Marathon Oil (MRO) laid off 16% of its workforce

Marathon Oil (MRO) missed views and laid off 16% of its workforce, while halting dividend payments and buybacks. It also cut its 2020 capital...
EOG Resources

EOG expects to have six rigs for the remainder of 2020

EOG Resources, Bill Thomas. Second Quarter and Full Year 2020 Forecast We entered this downturn in a position of operational and financial strength, and the...

Saudi Arabia raises crude oil prices

Demand worries are lingering, yet Saudi Arabia has increased crude oil prices, and U.S. oil prices fell more than 3%. Earlier in the day, after...

Liberty was built to survive tough times?

Chris Wright -- Chief Executive Officer and Chairman during his Earnings Call. Our industry has been hit with two large shocks since our last quarterly...

U.S. To Withdraw American Patriot Missiles From Saudi Arabia

U.S. To Withdraw Patriot Missiles From Saudi Arabia and is considering reductions to other military capabilities. “Saudi Arabia is a very wealthy country and they’ve...
CAIRN Energy Mexico Bust

Cairn Energy finds a dry well in Gulf of Mexico.

CAIRN Energy has suffered fresh disappointment with the drill bit in the Gulf of Mexico. Edinburgh-based Cairn told investors yesterday that drilling on the last...
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