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February 12, 2018

Securing the Highest Quality Executive Leadership is the Primary Focus of Preng & Associates

February 12, 2018

Resulting from an aging and talent-strained work force, today’s oil and gas companies that require a search for exceptionally qualified senior executives and directors, must have a search led by recruiters with global resources and networks, a deep understanding of the specific requirements, and the reputation to engage and attract the best management and boardroom talent. Preng & Associates, Inc.

Venezuelan Oil Production Continues Steep Slide: OPEC

February 12, 2018

Total OPEC production down 8.1 MBOPD OPEC has released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry. Total OPEC production fell slightly in January, dropping by 8.1 MBOPD to 32,302 MBOPD. This slightly offsets the increase in production reported by the group last month. The largest increases in production were

United States Powers Up Commodities Exports in 2022

February 12, 2018

The United States will become a net energy exporter in 2022, according to the newly released Annual Energy Outlook 2018 (AEO2018) Reference case from the EIA. The cause? EIA says changes in the petroleum and natural gas market are driving potential exports upward. The transition from net energy importer to net energy exporter occurs even earlier in some sensitivity cases

U.S. Oilpatch Productivity Multiple Climbs Above 3.0 - Oil & Gas 360

EnerCom Effective Rig Count Approaches 2,500

February 12, 2018

Improvements in rigs, rapid pace for pad drilling, more pumping horsepower and higher efficiencies boost effective rig count to 2,495 rigs EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count continues to rise, and is now approaching 2,500. There are currently 2,495 effective rigs in the U.S.,

Advantage Oil & Gas Averaged Production of Nearly 40 MBOEPD in 2017

February 12, 2018

Advantage Oil & Gas Ltd. (ticker: AAV) released Q4 2017 and year-end 2017 results today. The company added reserves, increased annual production by 16% and spent $249 million in 2017. Growing reserves PDP reserves increased 27% due to the recognition of 27 new Glacier wells that were brought on production through 2017 and higher reserves assignments on historical producing wells

Alta Mesa Deal: ARM Energy Sold Kingfisher Midstream to Silver Run II for $1.55 Billion

February 12, 2018

ARM Energy Holdings LLC said that the company and its partners have sold Kingfisher Midstream, LLC to Silver Run Acquisition Corporation II, in exchange for an aggregate consideration of up to $1.55 billion. The transaction consideration is comprised of $800 million in cash, ~$550 million in Silver Run II stock and up to ~$200 million in additional Silver Run II

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