SRC Energy Inc. (NYSE Amex:SRCI) (“SRC” or the “Company”), a U.S. oil and gas exploration and production company with operations focused on the Wattenberg Field in the Denver-Julesburg Basin, today announced the closing of its previously announced offering of $550 million aggregate principal amount of 6.250% senior unsecured notes due December 2025 (the “notes”). Read more
U.S. Justice Department approved Schlumberger and Weatherford Joint Venture OneStim
The planned fracking joint venture between oilfield services giants Schlumberger and Weatherford International should soon come to fruition.
Weatherford revealed the U.S. Justice Department approved the North American JV, paving the way for the deal to close by the end of the year. Read more
Anadarko expects to invest $950 million in the ‘DJ Basin’ northeast Colorado
In the DJ Basin of northeast Colorado, where the company has more than 2 billion BOE of net resources within its development area, Anadarko expects to invest approximately $950 million on upstream activities in 2018. Read more
Growing use for the wireline services market
Increasing oil production and aging reservoirs are the major driving forces driving the wireline services market. The recovery segment is the fastest usw owing to implementation on both onshore and offshore sectors. Read more
The US Is on the Threshold of the Biggest Oil and Gas Boom Ever
By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and increases in natural…
China Moving In On The U.S LNG and Shale Boom
China Petroleum and Chemical Corp (Sinopec), Bank of China and CIC Capital Corp signed a joint development agreement with Alaska Gasoline Development Corp and the State of Alaska to jointly build an integrated liquefied natural gas (LNG) system valued at $43 billion.
China Energy Investment Corp signed a memorandum of understanding with West Virginia state to invest $83.7 billion in shale gas, power and chemical projects. Read more
Halliburton Launches New High-Speed Telemetry Service
Sperry Drilling, a Halliburton (NYSE: HAL) business, today announced the release of JetPulse™ high-speed telemetry service, which provides consistent, high-data rate transmission of drilling and formation evaluation measurements. This new telemetry system helps operators make faster decisions to optimize well placement and improve well control while increasing drilling efficiency. Read more
Crude oil prices are trending up
Crude oil prices are projected to range between US$58 and US$68 per barrel over the next few months in tandem with industry expectations, according to Hibiscus Petroleum Bhd managing director Dr Kenneth Gerard Pereira.
He said the benchmark Brent crude oil, currently trading at US$63 per barrel, was a strong indication of underlying demand due to growing world population.
“Crude oil prices are strong and trending up, it is not as volatile as it was before,” he told reporters at the Hibiscus Petroleum corporate and business update here yesterday. Read more
Exxon Is Drilling Some Long Horizontal Shale Oil Wells
Exxon recently completed “Bakken” wells in North Dakota that extend 3 miles. Exxon The world’s biggest oil explorer by market value finished four wells in North Dakota’s Bakken region that extends horizontally for 3 miles (4.8 kilometers), Barclays Plc analyst Paul Cheng said in a research note after meeting Exxon executives, it’s closing in on the 4-mile mark. Read more
Continental Resources Third Quarter 2017 Results’ Beat Estimates
Continental Resources net income includes certain items typically excluded by the investment community in published estimates, the result of which is referred to as “adjusted…
Rocket Fuel Technology for Fracturing?
Startup Aims To Advance Rocket Fuel Technology for Fracturing.
RocketFrac Services Ltd. is a highly-driven Canadian company focused on the development of innovative well stimulation tools. RocketFrac has designed a break-through fracing technology allowing for economically efficient and environmentally friendly oil and gas recovery without the need for water or proppant.
The PSI-CLONE tool, which holds the propellant, is reusable. Once the propellant has burned out completely, the tool can be reloaded with another block of fuel. The company states that the system requires a single coiled tubing unit, as opposed to the multiple pumper trucks and water tanks used for hydraulic fracturing, and requires three to five onsite personnel. Read more
Liberty Oilfield Services
Headquartered in Denver, Colorado, Liberty Oilfield Services is a premier hydraulic fracturing services company in Colorado & North Dakota and Texas. Highly experienced individuals, combined with the Liberty Quiet Fleet proprietary technology and robust inventory of state-of-the-art equipment, optimize production results at reduced costs for the valued clients. From the Permian Basin to the DJ Basin, Williston Basin and Powder River Basin, Liberty Oilfield Services provide customer-focused service in a flexible, safe and consistent manner.
Year-after-year, Liberty Oilfield Services consistently delivers one of the lowest turnover rates in the industry. Read more
Wireline Operator – MBI Energy Services -Dickinson, ND
MBI is the premier fluid management logistics and well intervention services provider in the Williston Basin and Rocky Mountain region. Because of this, MBI can offer our employees a wide variety of job positions and opportunities for advancement in this exciting industry.
MBI”s extensive safety and training programs and quality equipment show our dedication to the safety of our employees and the environment.
A career with MBI lets you enjoy excellent pay, great benefits and a family friendly work environment! Read more
Frac Pump Operator, Oasis Well Services – Williston, ND
Position Summary This individual will work on a team which will primarily be fracturing wells and operate company vehicles on a daily basis between well sites and facility to deliver equipment and products. This operator will become competent in running hydration unit, crane, pumps, miscellaneous pumps, ball pumps, and sand removal equipment. Level and wage commensurate with experience. Read more