Oilfield offers big paydays but little job security From Bloomberg/Dallas Morning News Ryan Byrd worked five years in oilfields from China to West Texas. But after the worst price rout in a generation left him jobless, he’s not ready to jump back into the mix. Now working at a jail in Huntsville, Texas, the 33-year-old Byrd is happy to have a
Chesapeake Energy (stock ticker: CHK) has signed up with Hi-Crush Partners LP (stock ticker: HCLP) for a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake’s completions program in the Marcellus and Powder River basins. Hi-Crush Partners announced a long-term contract with Chesapeake Energy to supply Northern White sand to Chesapeake’s Marcellus and
Colorado oil and gas companies breathe a sigh of relief – and their share prices respond Turns out DCP Midstream CEO Wooter van Kempen’s ‘glass more than half full’ philosophy was prophetic. During his company’s Q3 conference call yesterday van Kempen made multiple predictions as to the fate of 112 and he repeated his faith in Colorado voters in response
With 1.5 million ballots turned in, the split between the Yes and No vote in an ‘Educated Guess Scenario’ for Prop 112 has closed to two-tenths of one percent The Colorado Secretary of State published the latest ballot count this morning, with two days left to vote. 1.5 Million Ballots are In: Fate of Colorado Oil & Gas Development Will
Ballots counted are rising: Colorado Sec. of State reports 801,000 ballots have been received to date – Dems and Republicans close gap to within 1,000 of one another – one week remains With only one week to go before final results are tallied, the Colorado Oil and Gas Conservation Commission’s (COGCC) regular meeting on Oct. 29 provided a public platform
Schlumberger CEO Kibsgaard says several key customers said they will lay down all their frac fleets from middle November until middle January No slowdown in international Houston-based oilfield services giant Schlumberger (ticker: SLB) reported its Q3 results Friday and CEO Paul Kibsgaard made some interesting comments on the call about the company’s projections for frac activity in the U.S. seeing
Both sides of 112 are advertising on Spotify as ballots are being delivered The advertising messages to vote ‘No on Prop 112’ are everywhere you look and listen on Denver area TV and radio. The stakes are high for the oil and gas industry and its workers if Proposition 112 passes. Proposition 112 is the 2018 citizen-initiated ballot initiative backed
Just 500 feet from the courthouse, a pro-oil rally at the capitol steps asked people to “Vote No on Proposition 112” Below: summary of the Martinez case and breakdown of the oral arguments It was a busy day for oil and gas in Colorado on Oct. 16. At lunchtime, several hundred industry supporters joined a ‘Mayors Against Proposition 112’ rally
EY study shows huge job, economic boost to Britain from fracing From Sputnik News Amid Brexit-related concerns and a nascent resurgence in domestic manufacturing, the UK moves to resume shale gas production in a bid for a greater energy sustainability. British shale producer Cuadrilla has started natural gas fracking in Lancashire this week after a local judge ruled its planning is adequate and in line with environmental and
From the Midland Reporter-Telegram University of Texas of the Permian Basin Professor Ahmed Alzahabi has been studying shale rock for the past four years. As Permian Basin oil and gas operators seek to optimize production in their wells by better determining the “sweet spots,” the University of Texas of the Permian Basin is looking to help. Ahmed Alzahabi, a member
South Dakota School of Mines researchers believe fracking can be used at depth in hard rocks that contain no oil or gas to improve geothermal energy production. Fracing could enhance the use of the earth’s own heat as a source of clean energy. Liangping Li, Ph.D., an assistant professor in the Department of Geology and Geological Engineering at the South
If voters ban oil and gas drilling by voting in Prop 112, Colorado’s rosy economic metrics could turn sour in 2019-2021 and beyond In what may turn out to be a bit of economic irony, Colorado Secretary of State Wayne Williams released a report Monday that “Colorado’s economy is among the best in the country.” Personal income, wages, GDP, job
