June 26, 2017 – Oil & Gas 360

New Congressional Caucus Seeks to Explain Positives of Oil and Gas Development to Democrat Members

June 26, 2017

Congressional Oil & Gas Caucus will be a platform for pro-industry Democrats Freshman Congressman Vincente González (D-TX) recently announced the formation of the Congressional Oil & Gas Caucus. This caucus aims to educate members of Congress about oil and gas production and the issues involved. Congressman Gonzalez will chair the caucus, and will advocate the benefits of fully harnessing America’s

CES Energy Solutions: Poised for Growth in Age of Enhanced Completions

June 26, 2017

CES Energy Solutions Corp. (ticker: CEU)—formerly Canadian Energy Services—provides oilfield services ranging from drilling fluids to laboratory service, through every step in the life of a producing well. The company has a presence throughout North America and most major oil plays. The majority of CES’s operations occur within the United States, with the booming Permian basin claiming 15% of its

IFR Joint Venture Cleared to Bid in Next Mexican Onshore Round

June 26, 2017

The Mexican government estimates fields in Round 2.3 contain 251 MBOE of recoverable resources International Frontier Resources (ticker: IFR) announced Monday that its 50/50 joint venture company Groupo Idesa, Tonalli Energia, is one of 12 companies and seven consortiums named by Mexico’s energy regulator to qualify to bid in onshore Round 2.3 of Mexico’s energy reform. Other bidders for the

Reduced Risk of Shale Lured Energy Capital Onshore, but Which Delivers the Better Reward—Onshore or Offshore?

June 26, 2017

EnerCom analysts take a look Advancements in unconventional drilling have fundamentally changed the types of oil and gas projects that attract capital. When hydraulic fracturing and horizontal drilling unlocked vast hydrocarbon resources onshore in the U.S. shale basins about a decade and a half ago, the business strategy of U.S. E&Ps changed forever. And energy capital formation changed with it.

Potash Ridge Re-Appoints Andrew Squires to Board of Directors

June 26, 2017

Potash Ridge Re-Appoints Andrew Squires to Board of Directors

Cushing Storage Operator Blueknight Energy Partners Presenting at EnerCom Conference

June 26, 2017

Blueknight Energy Partners (ticker: BKEP) portfolio encompasses crude oil transportation pipelines, gathering systems, crude transport trucks, asphalt cement and residual fuel oil storage. Its assets and infrastructure span the United States. Blueknight Owns 6.6 MMBO crude storage at Cushing, 9.6 MM barrels of asphalt storage In storage alone, Blueknight holds 6.6 million barrels of crude oil and petroleum storage capacity

Approach Resources Using Nano-Fluids in Wolfcamp Completions

June 26, 2017

Permian pure play operator — Approach Resources Inc. (ticker: AREX) – is carefully evaluating its completions in its Wolfcamp benches. Approach holds 138,000 gross (120,000 net) acres targeting primarily the Wolfcamp A, B, and C benches. In its Permian acreage, Approach reported a proved reserves value of 156.4 MMBOE and also reported approximately 1,600 potential horizontal drilling locations. Approach has

Falling Oil Prices Put N.M. Revenue Outlook in Peril

June 26, 2017

From the Santa Fe New Mexican Every dollar change in WTI represents $9.5 million for the state budget—up or down Welcome news for motorists may turn out to be bad for state government. The price of oil is climbing back from its low point in early 2016, when rates plunged after a years-long boom, depleting the state’s finances and weakening

Large Canadian Trucking Firm Lets Innovation Drive Fuel Savings

June 26, 2017

Reducing idle time: Groupe Robert expects to save 2,000 gallons of diesel fuel per tractor while 600 watts of flexible solar panels provide battery power for climate control driver sleeper cabs From: CCJ Groupe Robert installs six 100-watt flexible solar panels on each of its new trucks, riveting them to the roof fairing and tractor hood. If you’re searching for

Freeport-McMoRan Oil & Gas is Cutting More Jobs

June 26, 2017

From the Houston Business Journal Freeport-McMoRan Oil & Gas, the Houston-based oil and gas arm of Phoenix-based Freeport-McMoRan Inc. (NYSE: FCX), has disclosed another round of job cuts following recent divestitures. The company recently notified the Texas Workforce Commission it plans to cut another 26 jobs in Houston during the two-week period beginning July 31. The majority of the affected employees were expected to

Four Things to Know about Saudi Arabia’s New Crown Prince

June 26, 2017

From MarketWatch The rise of Mohammed bin Salman continues. The 31-year-old son of Saudi Arabia’s King Salman was designated Wednesday as crown prince, making him next in line to the throne, in a shake-up that was surprising at least in terms of its timing. He replaces Prince Mohammed bin Nayef, who was stripped of all posts, including interior minister. Prince

American Midstream Announces Open Season for Bakken Pipeline System

June 26, 2017

American Midstream Partners, LP (ticker: AMID) announced a binding open season for volume commitments from existing receipt points on AMID’s Bakken pipeline system to a newly constructed delivery point interconnecting into the Dakota Access Pipeline in Watford City. The Bakken system is an established FERC-regulated, crude oil transportation pipeline located in McKenzie County, North Dakota backed by a long-term acreage

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