Fracing

Exclusive 360 Energy Expert Network Video Interview: Premier Oilfield Group – Shutting in wells can force companies out of business.

Exclusive 360 Energy Expert Network Video Interview: Premier Oilfield Group – Shutting in wells can force companies out of business.

OIl & Gas 360

 

There is a misconception surrounding shutting in wells as it is not just turning a switch on or off. We were able to sit down with the experts from Premier Oilfield Group to talk about

Exclusive 360 Energy Expert Network Video Interview: CAC Specialty – If you are a Board Member, or Executive, in the oil and gas market, can you sleep at night?

Exclusive 360 Energy Expert Network Video Interview: CAC Specialty – If you are a Board Member, or Executive, in the oil and gas market, can you sleep at night?

OIl & Gas 360

 

We are at the crossroad of the largest financial crisis facing the oil and gas market, and the executive leadership teams of corporations are on the front line. The CAC Specialty restructuring leaders sat down

The 360 Digital Closing Bell Look Ahead– 5-4-2020

The 360 Digital Closing Bell Look Ahead– 5-4-2020

The gang is back for another wild episode of the 360 DCB! Michael and Stu start by over-viewing earnings season so far and see if their are any clues for the rest of the earnings calls this season. They then

The 360 Digital Closing Bell Look Back – 5-1-2020

The 360 Digital Closing Bell Look Back – 5-1-2020

The duo is LIVE for Episode #12 for the 360 Digital Closing Bell for another wild week in energy. Michael starts by overview the big news that the Trump Administration is considering multiple lending methods to help struggling OG companies

Exclusive 360 Energy Expert Network Video Interview: Sproule – The oil and gas demand curve looking up with increased road traffic.

Exclusive 360 Energy Expert Network Video Interview: Sproule – The oil and gas demand curve looking up with increased road traffic.

OIl & Gas 360

 

Needless to say in our current environment, we need to rely on experts in the field for key decisions. Where decisions can cost stake holders millions, Sproule has the certifications and experience to help reduce

The 360 Digital Closing Bell Look Ahead– 4-27-2020

The 360 Digital Closing Bell Look Ahead– 4-27-2020

Stu and Michael back out it for another week head in oil!! Wild show starts with a rant from Michael about negative pricing and the huge unintended consequences from this contango market. The duo then shifts to the top stories

The 360 Digital Closing Bell Look Back – 4-24-2020

The 360 Digital Closing Bell Look Back – 4-24-2020

Episode #10. The 360 Digital Bell Look Back Report. Michael Tanner, the Host of the closing bell, covers what happen for during this week; the good the bad and the homely. We cover the article by David Forsberg on the

The 360 Digital Closing Bell Look Ahead– 4-20-2020

The 360 Digital Closing Bell Look Ahead– 4-20-2020

The 360 Digital Bell Look Ahead Report. Michael Tanner, the Host of the closing bell, covers what could happen this week; the good the bad and the homely. We cover the wild week ahead, and get your crayons ready to

(left) Schlumberger's drilling operator Adrian Gabriel (cq) is directly in charge of drilling operation on the Genesis Drilling Test Facility where other employees train with a real life size drilling simulator which was commissioned in 1986 at company's U.S. headquarters in Sugar Land and continues to train on Wednesday, September 27, 2006. Schlumberger is the world's largest oilfield services company and has had a local presence since the 1930s; it recently consolidated its New York offices in Houston. Schlumberger is coming off a record quarter and anticipates solid financial growth as profit-rich oil companies invest more in exploration. Photo by Mayra Beltran / Houston Chronicle

Schlumberger’s $7.4B loss sets stage for ‘most uncertain’ future

Chron


Schlumberger, the largest oil field service company, said Friday it lost $7.4 billion in the first quarter. Then its CEO said the second quarter will be worse.

The company attributed the loss to writing down the value of assets …

The 360 Digital Closing Bell Look Back – 4-17-2020

The 360 Digital Closing Bell Look Back – 4-17-2020

The 360 Digital Bell Look Back Report. Michael Tanner, the Host of the closing bell, covers what happen for during this week; the good the bad and the homely. We did good on some of our predictions, and some very

The 360 Digital Closing Bell Look Ahead– 4-13-2020

The 360 Digital Closing Bell Look Ahead– 4-13-2020

The 360 Digital Bell Look Ahead Report. Michael Tanner, the Host of the closing bell, covers what could happen this week; the good the bad and the homely. We cover the wild week ahead, and get your crayons ready to

The 360 Digital Closing Bell Look Back – 4-10-2020

The 360 Digital Closing Bell Look Back – 4-10-2020

The 360 Digital Bell Look Back Report. Michael Tanner, the Host of the closing bell, covers what happen for during this week; the good the bad and the homely. We did good on some of our predictions

 

Some of

The 360 Digital Closing Bell Look Ahead– 4-6-2020

The 360 Digital Closing Bell Look Ahead– 4-6-2020

The 360 Digital Bell Look Ahead Report. Michael Tanner, the Host of the closing bell, covers what could happen this week; the good the bad and the homely. We cover the wild week ahead, and get your flight suit on

Petrofac to cut staffing levels by 20% in response to Covid-19

Petrofac to cut staffing levels by 20% in response to Covid-19

EnergyVoice


Oil & Gas 360 Publishers Note: Take note that Petrofrac is lowering the board and senior management compensation during this financial crisis when their employees are affected as well. This is a behavior that investors should note when the

The 360 Digital Closing Bell Look Back – 4-3-2020

The 360 Digital Closing Bell Look Back – 4-3-2020

The 360 Digital Bell Look Back Report. Michael Tanner, the Host of the closing bell, covers what happen for during this week; the good the bad and the homely. We did good on some of our predictions

 


 

Some

Courtesy of Liberty Oilfield Services Inc.

Liberty Oilfield Services Inc. announces strategic actions in response to current market conditions including capacity & cost reductions, executive and board pay cuts and dividend suspension

Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that it has reduced the size of its workforce, the number of active frac fleets deployed, capital expenditures and its general and administrative cost structure in response to …

Source: Reuters

Shale-well frackers grind to a halt as oil prices collapse

Reuters


DENVER  – Once the fastest growing – and most controversial – oilfield services in the U.S. shale boom, fracking is getting hammered as oil prices near a two-decade low and producers stop completing new wells.

Fracking companies, which pump …

Exclusive 360 Energy Expert Network Video Interview: Rare Petro – the Enabler of remote operations in the oil patch

Exclusive 360 Energy Expert Network Video Interview: Rare Petro – the Enabler of remote operations in the oil patch

Rare Petro is the "Enabler" for remote employee work, data and leveraging the modern business systems. Some parts of the  oil field has not always accepted, or adapted, technology until now.

 

Anthony McDaniels, CEO, Rare Petro, started his company

The 360 Digital Closing Bell Week Ahead – 3/30/2020

The 360 Digital Closing Bell Week Ahead – 3/30/2020

The 360 Digital Bell Week Ahead Report. Michael Tanner, the Host of the closing bell, covers what to look for during this week; the good the bad and the homely.

Some of the key takeaways this week:

 

The oil

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

DESMOG


Oil & Gas 360 Publishers Note: Justin Mikulka has written an outstanding opinion piece of current issues surrounding the oil companies dire straights. The key takeaway:” “What happens?” Sheffield said. “As you know there’s about 74 public independents, there’s

Calfrac announces reductions to its 2020 capital program and reduced operating footprint

Calfrac announces reductions to its 2020 capital program and reduced operating footprint

CALGARYMarch 27, 2020 /CNW/ – Calfrac Well Services Ltd. (“Calfrac” or the “Company”) (TSX-CFW) is announcing reductions to its 2020 capital program and North American operating footprint as a result of the rapid and unforeseen deterioration in business …

Source: Houston Chronicle

Record 5.0-magnitude earthquake hits near Permian Basin town

Houston Chronicle


A record-setting 5.0-magnitude earthquake hit near the Permian Basin town of Orla, Texas, on Thursday morning.

U.S. Geological Survey officials say the quake occurred at 10:16 a.m. about 16 miles southwest of Orla in a rural area off …

Source: Houston Chronicle

FTS International furloughs hydraulic fracturing crews, cuts executive pay

Houston Chronicle


Fort Worth oilfield service company FTS International had a full calendar for its hydraulic fracturing crews two weeks ago but is now furloughing employees as crude oil prices continue to fall and exploration and production companies continue to …

March 24, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Fracing, Jobs
Diamondback Energy cuts budget again as oil prices continue to sink

Diamondback Energy cuts budget again as oil prices continue to sink

Houston Chronicle


Midland exploration and production company Diamondback Energy is cutting its 2020 drilling budget for a second time this month as crude oil continue to fall to nearly 20-year lows.

In a statement issued late last week, Diamondback has …

Is Depression-Era Production Regulation What OPEC Really Wants To See?

Is Depression-Era Production Regulation What OPEC Really Wants To See?

Journal of Petroleum Technology


Oil & Gas Publishers Note: Excellent piece by Steve Rassenfoss. Our host, Michael Tanner, on the 360 Digital Closing Bell reported on the Texas Railroad Commission has been invited to the next OPEC meeting. This is

Source: Houston Chronicle

Oil War: Some Permian Basin operators already scaling back operations

Houston Chronicle


Two oil companies focused on the Permian Basin of West Texas are already planning to scale back their operations amid an oil war between Russia and Saudi Arabia that has caused commodity prices to crash.

In a pair …

Source: Houston Chronicle

Sanders fracking ban doesn’t scare Democrats in Colorado

Houston Chronicle


Bernie Sanders’s vow to ban fracking if he’s elected president isn’t scaring off Democrats living atop Colorado’s biggest oil field.

The Vermont senator took 38% of the vote in Weld County, the epicenter of Colorado’s booming oil production, …

March 5, 2020 - 10:00 am Fracing, People
U.S. crude oil production grew 11% in 2019, surpassing 12 million barrels per day

U.S. crude oil production grew 11% in 2019, surpassing 12 million barrels per day

EIA


Annual U.S. crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d, or 11%, more than 2018 levels. The 2019 growth rate was down from a 17% growth rate in …

S. Korea’s thirst for U.S. crude to keep growing in 2020

S. Korea’s thirst for U.S. crude to keep growing in 2020

Reuters


Oil & Gas 360 Publishers Note: “Light sweet crude contains more naphtha, used in petrochemicals, and also has a lower sulphur content, making it suitable for very low sulphur fuel oil, which has been mandated for shipping since the

Source: Houston Chronicle

Studies: Water reuse key to the future of shale

Houston Chronicle


Reusing oil field wastewater for hydraulic fracturing operations will be critical to maintaining productivity in U.S. shale plays, a pair of studies reveals.

In a pair of studies releases earlier this month, scientists with the University of Texas …

February 21, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Fracing, Water