An active drilling rig in the Eagle Ford Shale. getty Calgary-based Baytex Energy Corp. announced on Tuesday that is has agreed to acquire Eagle Ford Shale pure play Ranger Oil Corp. for $2.5 billion,...
Tag: fracking
No Reason For Big Adjustments Amid Strong Demand, Price Environment
Indian Prime Minister Narendra Modi, center, greets the delegates at the ‘India Energy Week 2023’ in … [+] Bengaluru, India, Monday, Feb. 6, 2023. Over 500 energy industry heavyweigh...
In West Texas, Water Is Scarce For Fracking, Expensive For Recycling, Cheap For Disposal Wells, And It Causes M5 Earthquakes.
Permian oil pump jacks in Eddy County, New Mexico. AFP via Getty Images The Permian basin of West Texas and New Mexico is desert for the most part. The desert is called the Chihuahuan but is not raw d...
Oil And Gas Industry Mergers Dropped 13% During 2022
Aerial view of Natural Gas Well being drilled in northwestern West Virginia in the Marcellus Shale … [+] Formation photograph taken August 2020 getty In its annual report detailing activity arou...
Biden Effort To Cap Gas Flaring Hangs On 15 Little Words
A gas flare burns at an oil well site outside Williston, North Dakota. Gas flares are created when … [+] excess flammable gases are released by pressure release valves during the drilling for oi...
UK’s Rishi Sunak Bans Fracking But Government Green Lights New Coal Production
NUSA DUA, INDONESIA – NOVEMBER 16: British Prime Minister Rishi Sunak shakes hands with President … [+] Joe Biden of the United States of America during a bilateral meeting at the G20 summ...
ExxonMobil Strives To Please Everyone In New Strategic Plan
Indianapolis – Circa October 2021: Exxon Retail Gas station. getty ExxonMobilXOM announced Thursday that it will be raising its investments in pretty much all areas of its business, perhaps most...
Permian Basin Drives The U.S. Oil Industry Despite Limits On Growth
Oil Wells pumping outside of Midland Texas. (Photo by: Joe Sohm/Visions of America/Universal Images … [+] Group via Getty Images) Joe Sohm/Visions of America/Universal Images Group via Getty Ima...
Sabotage Suspected As Russian Gas Leaks From Ruptured Nord Stream Pipelines In The Baltic Sea
A large disturbance in the sea can be seen off the coast of Denmark’s island of Bornholm on Tuesday, … [+] September 27, 2022, after a series of odd leaks on two natural gas pipelines running fr...
Jamie Dimon’s Testimony Caps A Confrontational Energy Week
JPMorgan Chase & Co. Chairman and CEO Jamie Dimon testifies before a House Committee on Financial … [+] Services Committee hearing on “Holding Megabanks Accountable: Oversight of Ameri...
Billion Dollar Deals Break Out Across The Shale Patch
construction and work trucks driving on road into Midland Texas getty Just when it appeared the news in the energy world could not become any more hectic, two multi-billion dollar merger deals among b...
Coterra Energy Call Aims For 6.7% Return
Crude oil is trading at a six-month low, down 28% from highs above $120 per barrel in March to $88 today for a barrel of the West Texas Intermediate variety. Despite the big drop, oil is still up 42% ...
Evolving Oil And Gas Shale Boom Appears Poised For M&A Surge
Oil Pump Unit Pumping in the Eagle Ford in South Texas getty “Scale equals relevance” is a prevailing theme in the U.S. oil and gas shale world currently, and Devon EnergyDVN gained scale in the Eagle...
Australian Regulators Mull Deal to Power Bitcoin Mines from Gas Fracking
Australian energy and resources company Black Mountain Energy has entered into a deal with a U.S. energy company to use gas from fracking to power Bitcoin servers. The initiative will harness the gas ...
Proppant Movement In Frac Casing Including Runaway Perforations And Limited Entry.
Massive frac-pumping equipment in a modern Marcellus gas shale well. Universal Pumping Services. Perforations are the tiny holes in the casing of a well that produces oil or gas. The perforations allo...
Another Pure Permian Mini-Major Rises In Centennial, Colgate Merger
ANDREWS, TX – An oil pumpjack works at dawn in the Permian Basin oil field on January 20, 2016 in … [+] the oil town of Andrews, Texas. (Photo by Spencer Platt/Getty Images) 2016 Getty Ima...
Oil Services Industry Entering New Boom Time Thanks To Tight Market
Industrial Fracking Oil Well pumping natural resourcesFracking Oil Well is conducting a fracking … [+] procedure to release trapped crude oil and natural gas to be refined and used as energy get...
Europe Needs Natural Gas And America Could Help—If We Could Get Out Of Our Own Way
DASHAVA, UKRAINE – SEPTEMBER 18: A worker explains the reading on a pressure guage on a valve at … [+] the Dashava natural gas facility on September 18, 2014 in Dashava, Ukraine. The Dasha...
As Biden Bans Putin’s Oil, Is Venezuela A Possible Replacement?
WASHINGTON, DC – MARCH 08: U.S. President Joe Biden speaks in the Roosevelt Room of the White House … [+] March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on...
Advances In Fracking – Low-Tech, High-Tech, And Climate-Tech.
Frac pumps inject frac fluid and sand into a well in Greeley, Colorado. Denver Post via Getty Images The Hydraulic Fracturing Technology Conference (HFTC) was held in The Woodlands, Texas, on February...
U.S. Oil Price Tops $90 For First Time Since 2014
Crude Oil, Fossil Fuel, Price, Growth, Graph getty We’ve had two major boom/bust cycles since then, but 2014 was the last time the price for a barrel of West Texas Intermediate topped the $90 mark. Th...
With $2.65 Billion Deal, Fracking Tycoon Rees-Jones ‘Saved The Best For Last’
Trevor Rees-Jones, 2015. Matthew Mahon, for Forbes Dallas billionaire Trevor Rees-Jones says he’s been running around “with my pants on fire” the last few weeks negotiating the $2.65 billion sale of C...