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oilfield layoffs

Thousands of oil wells have been shut in

Something that was considered unthinkable in the past is now a reality all across the U.S oilpatch. Across the  Permian Basin that is West Texas...

RevoChem analyzes geochemical fingerprints in oil and rock formations

RevoChem analyzes geochemical fingerprints in oil and rock formations. We data-mine the unique geochemical fingerprints to provide fast, accurate, and cost-effective reservoir diagnostics and monitoring services.  “Traditionally, the geochemistry...

The oil-rich Permian basin is slowing – Bad News For Halliburton?

Halliburton is days away from reporting 2Q19 earnings, and a shift in the narrative regarding North America could be bad news for Halliburton. Why?...

Permian Continues to See Loss of Oil Drilling Rigs

In its weekly release, Baker Hughes, a GE company BHGE reported a decline in weekly rig count in the United States. More on...

Permian Basin Mergers: C&J Energy Services and Keane Group Inc plan to merge

Houston-based C&J Energy Services (NYSE: CJ) and Keane Group Inc. (NYSE: FRAC) P, creating a diversified oil field services provider valued at approximately $1.8...

Occidental Petroleum (OXY) Investor Presentation

Looking back on 2018, I’m pleased with the significant progress we made in strengthening Occidental’s long-term financial and business outlook. We completed our strategic cash...

Carbon neutral investments? Occidental Petroleum sets example

Oxy, Carbon Engineering to Build Largest Carbon-From-Air Plant, The Permian Basin plant would initially capture 500,000 tons of atmospheric carbon per year. Occidental CEO...

Largest oil producer in the Permian Basin?

After closing the deal to buy Anadarko, Occidental’s has secured its status as the largest oil producer in the Permian Basin, the top U.S....

Pioneer Natural Resources is a pure-play Permian basin producer now

Pioneer Natural Resources beat Wall Street estimates for quarterly profit on Monday, and said it sold its Eagle Ford and remaining assets in South...

Weir Oil & Gas, Midland Customer Service opens up in Midland

David Mims Business Park at Interstate 20 near Loop 250, city officials, economic development officials and company executives celebrated the results. Weir Oil & Gas...

Exxon Aims for $15-a-Barrel Costs in Giant Permian Operation

Exxon plans to deploy 55 rigs in the Permian this year, by far the most of any driller, as it aims to increase output...

Exxon Mobil and Chevron Plan on Texas size Scale in the Permian Basin

Exxon Mobil and Chevron said they would boost their growth in the Permian basin substantially. Big oil is getting even bigger in shale, and that...

Exxon Goes All-In On The Permian

ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day...

Shell Eyes Endeavor Energy in Midland TX. With over 300,000 net acres

The British-Dutch oil major is in position to snap up privately held Endeavor Energy Resources, a deal valued at around $8 billion. However, this...
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