Tuesday, May 6, 2025

BP May IPO U.S. Pipeline Assets

From Reuters BP Plc (BP.L) is looking at spinning off U.S. pipeline assets in the U.S. Gulf and Midwest in an initial public offering, the company said on Tuesday. If successful, the deal would be a revival of a plan first considered about five years ago before a rout in the oil market caused the company to put the idea

Effective Rig Count Breaks 2,000 for First Time in June

Permian EERC pushes to 1,135 EnerCom released its monthly EnerCom Effective Rig Count today. The Effective Rig Count now reports an equivalent 2,015 rigs active in the U.S., up from 1954 last month. The Effective Rig Count adjusts reported rig counts for increasing efficiency in drilling and completions. There are significantly fewer rigs active in the U.S. today than in

Completions Remain Below 2014 Levels, Despite D&C Improvements: Seaport Global

A report by Seaport Global indicated that, since monthly numbers for drilled and completed wells bottomed out in mid-2016, the number of wells drilled and completed has made a significant comeback but have not come close to pre-crash levels in the top four oily plays—the Permian, Eagle Ford, Bakken and Niobrara. Even though completions have not yet caught up to

BP Ventures, Shell Technology Ventures, Saudi Aramco Energy Ventures Join EnerCom’s Oilfield Tech & Innovation Day  

On Thursday, August 17, EnerCom will host the EnerCom Oilfield Tech & Innovation Day at the Westin Hotel, immediately following the public and private company presentations at The Oil & Gas Conference® 22. BP Ventures, Shell Technology Ventures and Saudi Aramco Energy Ventures will join the conference as presenters on August 17, 2017, at EnerCom’s Oilfield Tech & Innovation Day