Saturday, October 11, 2025

Precision Drilling Increased Rig Automation, Exits 2017 with 63 Active Rigs

Targets 2018 upgrades to stay below $34 million Precision Drilling Corporation (ticker: PDS) had fourth quarter 2017 revenues of CDN$347 million, an increase of 15% over Q4 2016. Precision posted a Q4 2017 net loss of CDN$47 million, or (CDN$0.16) per share, compared with a net loss of CDN$31 million (CDN$0.10 per share) in the fourth quarter of 2016. During

Gulf Coast LNG Poised to Dominate Global Market

From the Houston Chronicle The U.S. is soon expected to become a dominant player in the global market for liquefied natural gas as Gulf Coast companies build massive terminals to serve overseas markets and the federal government considers looser regulations for small-scale exports closer to home. Officials, executives and consultants at the S&P Global Platts annual LNG conference in Houston

Weekly Gas Storage: Midwest Draws 75 Bcf

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks fell by 194 Bcf last week, dropping from 2,078 Bcf to 1,884 Bcf. This is 23.4% below the 2,461 Bcf that was in storage at this point last year, and

Wyoming Legislators Debate Tax Cut for the Oil & Gas Industry

From the Casper Star Tribune A handful of Wyoming lawmakers say a tax cut for the oil and gas industry could help with depleted fossil fuel revenue and the large deficit that’s left in the state budget. Senate File 98 is an attempt to entice developers to drill in the Cowboy State by offering a tax break in the third year

Cove Point Update: LNG Tanker Methane Spirit Heads to Cove Point – Reuters

From Reuters/LSE Feb 15 (Reuters) – Methane Spirit, a liquefied natural gas tanker, said Thursday it would arrive at Dominion Energy Inc’s Cove Point LNG export facility in Maryland around March 31, according to Reuters shipping data. If correct, that could be the first vessel to pick up a cargo from the LNG facility, which Virginia-based Dominion has said it