(Oil Price) – The heightened oil market and macroeconomic uncertainties in recent weeks are baffling not only analysts. Halliburton, the oilfield services giant with the highest exposure to the U.S. fracking market, has just warned investors that its U.S. customers are re-evaluating drilling activity plans for 2025. “Looking forward, many of our customers are in the midst of evaluating their activity
Liberty Energy CEO Chris Wright (NYSE:LBRT), a keynote speaker at our 29th EnerCom Denver—The Energy Investment Conference last August, has been nominated to be President-elect Donald Trump’s head of the Department of Energy. We are proud to re-post Chris’ keynote speech and believe it fully captures why the country needs a free-market energy professional like Chris to better the lives
World Oil (WO) – Halliburton Company introduced the Octiv Auto Frac service, the latest addition to the Octiv Intelligent Fracturing Platform. The Octiv platform digitizes and automates workflows, information, and equipment across all aspects of the company’s fracture operations. This results in safer, more efficient operations for our customers and for Halliburton. The Octiv Auto Frac service improves operational consistency
World Oil (Bloomberg) – The oil and gas industry is zeroing in on the Biden administration’s moratorium on new liquefied natural gas (LNG) export permits as the key policy they want changed under the next U.S. president. Chevron Corp. Chief Executive Officer Mike Wirth called on the administration to reverse the pause, labeling the policy as a failure that “elevates
Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Calfrac is a leading independent provider of specialized oilfield services that operates in North America and Argentina. The Company provides hydraulic fracturing, coiled tubing, cementing and other well stimulation services that
Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Liberty is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Founded in 2011,
World Oil (Bloomberg) – Prices for natural gas would “skyrocket” if fracing was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to comment on the election after President Joe Biden said he would end his candidacy. “It would actually be constructive for
Oil and Gas 360 MIDLAND, Texas–(BUSINESS WIRE)– ProPetro Holding Corp. (“ProPetro” or “the Company”) (NYSE: PUMP) has entered into a three year Hydraulic Fracturing Services Agreement (the “Agreement”) to provide electric hydraulic fracturing services to ExxonMobil in the Permian Basin. ProPetro’s Chief Executive Officer, Sam Sledge, commented, “We’re thrilled to announce a key strategic step for ProPetro as we strengthen
Oil Price As well productivity in the U.S. shale patch has declined in the past two years, producers are looking to deploy new technology to reverse these declines, but small companies often cannot afford the high upfront costs, industry executives and analysts have told Reuters. While shale production pushed U.S. crude oil output to record highs in recent months to above
World Oil (Bloomberg) – Shale operators are drilling wells faster than they’re fracking them. Oil companies added to the number of drilled-but-uncompleted wells, known as the fracklog, last month for the first time in more than a year, according to a report from the US Energy Information Administration on Monday. The tally is a key indicator of near-term crude flows
Oil Price In 2003, the late author and investment banker Matther Simmons predicted that with “certainty,” by 2005 the U.S. would enter a long-term natural gas crisis for which the only solution was “to pray.” T. Boone Pickens and a number of high-profile energy insiders concurred. ConocoPhillips and ExxonMobil made large acquisitions of natural gas companies, betting on a future
World Oil (WO) – SeismicAI joined The Petroleum Alliance of Oklahoma in order to facilitate the implementation of innovative EEW advanced technology in the oil and gas industry. Additionally, SeismicAI is working with the Oklahoma Geological Survey to apply the SeismicAI early-warning techniques with data from a real-time statewide seismic network. Since 2009, Oklahoma has been experiencing a surge in
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