February 19, 2019 - Oil & Gas 360

Permian expected to hit 4 MMBOPD in March By Richard Rostad, analyst, Oil & Gas 360 EnerCom has released its latest Effective Rig Count, linking the state of drilling activity and the reported production from the major shale basins. Oil and gas companies have significantly improved efficiencies during and after the downturn, and each rig in the major shale basins is

Noble Energy CEO Sees its U.S. Onshore Operations Self-Funding by End of 2019

February 19, 2019

Noble Energy, Inc. (NYSE:NBL) Chairman and CEO David Stover said today that the oil and gas industry needs to prioritize capital discipline and corporate returns over top-line production growth. “Our 2019 capital program and early 2020 outlook aligns capital investment with the environment and sets the stage for Noble Energy to generate sustainable organic free cash flow in 2020 and

Alberta Expects $1.7 Billion Profit From Crude-by-Rail

February 19, 2019

From Bloomberg Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture. The Canadian province, which holds the world’s third-largest crude reserves, plans to net C$2.2 billion ($1.7 billion) after investing C$3.7 billion to lease tank cars and buy service from rail providers, generating

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