By Tyler Losier, Energy Reporter, Oil & Gas 360 Oilfield service consolidation rolls on C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of equals. Upon close, the merger will create a well completion and production services company with a presence in most active
Average breakeven fell 4% over the past year With the price of oil in a pretty constant state of volatility as of late, the breakeven point for crude is an important number to keep in mind. According to the Federal Reserve Bank of Dallas’s recent survey of executives, as of late May, the average breakeven price for the U.S. basins
Special Report From the Carlsbad Current-Argus In New Mexico, hydraulic fracturing taxes a resource perpetually scarce in the desert region: water. Hydraulic fracturing, or fracking as it is commonly called, blasts vast amounts of water, sand and chemicals through underground pipes to crack open the underground rock formations that hold crude oil and natural gas. A barrel of oil, or
From the Denver Business Journal Some sections of SRC Energy’s Comprehensive Drilling Plan gain approval; PetroShare settlement for year-late integrity test unanimously rejected by commission Anti-fracking activists and neighborhood residents urged Colorado’s oil regulatory agency Tuesday to stop new well drilling while new rules prioritizing public health and environmental protection are put in place. The appeals to stop drilling
EnerCom has posted presenting companies to date EnerCom, Inc. has opened online registration is open for the 24rd annual edition of its popular The Oil & Gas Conference® in Denver, Colorado. This year’s oil and gas investment conference will be held August 11-14, 2019, at the Westin Denver Downtown hotel. Buyside investors and oil and gas company professionals may register
Almost half the U.S. DUCs are in the Permian The number of drilled but uncompleted wells (DUCs) in seven key U.S. oil and natural gas production regions has increased over the last two years, according to the EIA’s count. DUCs reached a high of 8,504 wells in February 2019, according to well counts in EIA’s April Drilling Productivity Report (DPR). The most
From Bloomberg Britain’s quest to tap domestic supplies of shale gas is looking increasingly bleak as the government’s liaison between the industry and local communities resigned after just six months in the job. Natascha Engel left the government appointed job telling a newspaper that the U.K.’s policy on hydraulic fracturing technology is being driven by environmental protesters and not scientific
COGCC memo identifies the “Objective Criteria” that will trigger further review, could delay final determination of specific permit applications to ensure they comply with SB 19-181’s intent in advance of new rulemaking 10-day written comment period ends April 29 The Colorado Oil and Gas Conservation Commission issued a document on Friday entitled “SB 19-181 Draft Required Director Objective Criteria.” This
ProPetro Announces Expansion of Revolving Credit Facility
One of the large frac sand providers, U.S. Silica Holdings, Inc. (stock ticker: SLCA), said today that its Industrial and Specialty Products business for silica sand will increase 2019 prices for most of its non-contracted silica sand and specialty products from 2 to 9 percent, depending on the product and grade. U.S. Silica VP of Investor Relations and Corporate Communications
Now that a final tally of votes is complete, it’s clear that the highly contested ballot proposal that would have imposed a chokehold 2,500-foot setback rule on new oil and gas drilling in Colorado was closer to being adopted than the initial vote count indicated immediately after the election. According to the Colorado Secretary of State’s Nov. 28 update of
Study: for each well that is drilled, up to 6,000 truckloads of freight haul business are generated From FreightWaves Since the beginning of October, the price of oil has been dropping steadily. As of Friday’s close, crude oil benchmark WTI (West Texas Intermediate) was off by nearly 25%. We’ve seen this play out before. Oil tops and then rapidly drops
