Oil & Gas Jobs

Source: Reuters

ConocoPhillips Chairman: US shale will come back

Oil&Gas Journal


Shale is not broke, and will come back, said ConocoPhillips Chairman and Chief Executive Officer Ryan Lance as part of a CERAWeek by IHS Markit conversation. Lance talked about the outlook for US shale and the new value …

Maersk Drilling in new round of layoffs

Maersk Drilling in new round of layoffs

Offshore Energy


Offshore drilling company Maersk Drilling has decided to take another swing with the job axe and lay off even more staff.

Maersk Drilling said on Thursday that the new wave of layoffs, as well as a revision of …

Source: Reuters

Patterson-UTI sees 60% decline in activity as oil prices crater

Reuters


Oilfield service firm Patterson-UTI Energy Inc (PTEN.O) on Thursday warned investors it would see a 60% decline in activity this year as shale companies slash spending and halt activity amid an unprecedented decline in oil prices.

The …

Source: dallasfed.org

U.S. energy sector cutting spending, jobs amid pandemic: Dallas Fed survey

Reuters


The U.S. energy sector is slashing capital spending and jobs as business activity plunged and the outlook has turned “extremely pessimistic” amid the coronavirus pandemic, a survey by the Dallas Federal Reserve Bank of oil and gas companies showed …

Source: Houston Chronicle

Basic Energy Services exits hyrdaulic fracturing business

Houston Chronicle


Fort Worth oilfield service company Basic Energy Services is exiting the hydraulic fracturing business amid the ongoing shale slump.

In a Thursday morning statement, the company reported that it is selling almost all of its assets in the …

December 13, 2019 - 2:00 pm Closing Bell Story‎, Energy News, Oil & Gas Jobs
Source: Houston Chronicle

Apache reports muted first results in Suriname

Houston Chronicle


Houston’s Apache Corp. announced muted initial results of its exploration drilling at its hotly anticipated prospect offshore of the tiny South American nation of Suriname.

Apache said it is conducting testing at two upper Cretaceous plays at about …

Source: Reuters

Investors brace for poor U.S. shale earnings amid weak oil and gas prices

Source: Reuters


(Reuters) – Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.

Major shale producers ConocoPhillips (COP.N) and …

TechnipFMC To Pay $296 Million To Resolve Foreign Bribery Probes In U.S. and Brazil 

TechnipFMC To Pay $296 Million To Resolve Foreign Bribery Probes In U.S. and Brazil 

From RTTNews 

TechnipFMC (FTI) agreed to pay a total of $296 million to resolve allegations the company bribed Brazilian and Iraqi officials, the U.S Justice Department said. 

Technip USA and Technip’s former consultant pleaded guilty today in connection with the

Oil Company Layoffs Hitting Canada

Oil Company Layoffs Hitting Canada

Spanish energy giant Repsol cuts 30% of Canadian staff with layoffs in Calgary, Chauvin and Edson

From Reuters

NEW YORK/CALGARY — Spanish energy company Repsol SA is cutting about 30 per cent of its Canadian workforce as part of global …

June 19, 2019 - 6:18 am Canada News, Closing Bell Story‎, Jobs, Oil & Gas Jobs
WPX Energy, Delaware basin. Three drilling rigs on multi-well pads. L to R: Orion Drilling, Pegasus on the CBR 22-10H, Aries on the CBR 22-14H.

Drilling, Revenues from Federal Onshore Lands in an Upswing: 1,919 wells Spud in FY ’18 is 1,000 Higher than FY 2016

With smallest acreage in history, U.S. government nets record oil and gas onshore revenues of $1.1 billion

Fiscal Year 2018 was a record year for onshore oil and gas revenues on public lands due in large part to more streamlined …

Denver Energy Company Named Top Workplace Fifth Consecutive Year

Denver Energy Company Named Top Workplace Fifth Consecutive Year

Tallgrass Energy, LP (stock ticker: TGE, $TGE) was named one of The Denver Post’s Top Workplaces. The list is compiled based on a third-party survey that measures aspects of workplace culture through the eyes of employees. It’s the fifth consecutive

Source: Utica East Ohio

Ohio Snags $74 Billion from Shale Investment Since 2011

Ohio home to $4.6 billion in shale industry investment in the first half of 2018 - new CSU study
Total investment in Ohio’s resource rich shale energy sector has reached $74 billion since tracking began in 2011, according to a

New Era for Colorado Oil and Gas Permitting and Regulation Starts Now - Oil & Gas 360

New Era for Colorado Oil and Gas Permitting and Regulation Starts Now

Colorado Governor Jared Polis held a brief bill signing ceremony today at which he signed Senate Bill 19-181 into law. The act that overhauls much of Colorado's energy regulation landscape became law today, effective immediately after being signed into law

Bill Introduced in Congress Would Permanently Ban Offshore Leasing on the Atlantic and Pacific Coasts

Bill Introduced in Congress Would Permanently Ban Offshore Leasing on the Atlantic and Pacific Coasts

From Workboat –  Workboat Staff

In late March, Rep. Joe Cunningham, D-S.C., introduced the Coastal and Marine Economies Protection Act, bipartisan legislation that would permanently ban oil and gas leasing off the coasts of the Pacific and Atlantic.

The …

New Era for Colorado Oil and Gas Permitting and Regulation Starts Now - Oil & Gas 360

Colorado Energy Overhaul Bill Speeds Through All Six Committees, Next Up – Second Reading and House Vote

Bill may finish its journey this week
The 2019 Democrat-controlled Colorado legislature has toggled Senate Bill 19-181 through six committees in both houses at record speed.

The bill, which seeks to give the siting and permitting decisions for new wells

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

Colorado Oil: Adams County Commissioners Pass Temporary Moratorium on Oil & Gas Permit Applications

The Adams County Board of Commissioners held a special public hearing on March 20, 2019 at 2:00 p.m. Denver time. The objective was to gather public comment to determine whether to approve a temporary moratorium on local oil and gas

Marcellus and Utica Region Will Supply Nearly Half of Nation’s Natural Gas by 2040: IHS

Marcellus and Utica Region Will Supply Nearly Half of Nation’s Natural Gas by 2040: IHS

Natural gas liquids production in the Marcellus and Utica formations expected to nearly double in Ohio, Pennsylvania and West Virginia, drawing petrochemical expansion
According to a new study from IHS Markit, the Marcellus and Utica shale formations’ production will increase

Fifth Circuit Finds Directional Drillers Are Independent Contractors

Fifth Circuit Finds Directional Drillers Are Independent Contractors

From Lexology by Littler Mendelson PC

On February 28, 2019, the United States Court of Appeals for the Fifth Circuit issued an important decision involving whether contract workers in the oil patch were entitled to overtime. In William Parrish, et …

March 14, 2019 - 6:04 am Closing Bell Story‎, Law, Oil & Gas Jobs
Colorado Oil & Gas Overhaul Bill Passes Third Committee Hearing, Senate Floor is Next

Colorado Oil & Gas Overhaul Bill Passes Third Committee Hearing, Senate Floor is Next

With 6 Dems and 4 Republicans on Senate Appropriations Committee, advancement after Friday’s hearing was virtually assured 
The Colorado General Assembly is wasting no time rocketing the contentious energy revamp bill through the State House. Senate Bill 19-181 was introduced

Williston Basin - IPAA

Shale Leader Takes a Breath

QEP terminates Williston Basin asset sale
Shale operator will pause to review strategic alternatives including possible merger or sale; plans a G&A reduction of 45%
QEP Resources (stock ticker: QEP, $QEP) said its board of directors has commenced a comprehensive

Will 2019 be Remembered for Layoffs in Global Economy?

Will 2019 be Remembered for Layoffs in Global Economy?

Asia, Europe could be hit hardest — corporations across multiple sectors worldwide tightening their belts, cutting workforces

From Asia Times

In a speech that displayed an uncharacteristic level of bearishness, Hong Kong’s richest billionaire tycoon Li Ka-shing has warned …

January 14, 2019 - 7:11 am Closing Bell Story‎, Energy News, Oil & Gas Jobs
Oil Price Drop Could Signal Lower Volumes on Horizon for Freight Haulers

Oil Price Drop Could Signal Lower Volumes on Horizon for Freight Haulers

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 …

Oilfield Worker Shortage May Cause Thousands of Permian Basin Wells to Sit Idle in 2019

Oilfield Worker Shortage May Cause Thousands of Permian Basin Wells to Sit Idle in 2019

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 …

COGCC v. Martinez Colorado Supreme Court - photo: Oil & Gas 360

This was the Scene at the Colorado Supreme Court during the Martinez Case Oral Arguments

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

One month from Election Day, Colorado’s Weld County Voters Consider Setbacks

One month from Election Day, Colorado’s Weld County Voters Consider Setbacks

If 112 passes, Colorado’s oilfield service jobs will disappear

From the Greeley Tribune

Residents on both sides of a statewide ballot measure that would increase the distance between oil and gas wells and homes, schools and bodies of water to …

Colorado’s 2,500-Foot Setback Zipped by a Deadline on Friday Sept. 7

Colorado’s 2,500-Foot Setback Zipped by a Deadline on Friday Sept. 7

Setback measure named Proposition 112 on the Nov. ballot

Friday Sept. 7 was one of the upcoming deadlines on the life path of initiative #97—the 2,500-foot mandatory statewide oil and gas setback.

That was the last day for designated representatives …

Extraction Oil & Gas: 84-Well Comprehensive Drilling Plan Approved by Broomfield, Colorado

Extraction Oil & Gas: 84-Well Comprehensive Drilling Plan Approved by Broomfield, Colorado

After two years of public comment and revisions, Extraction will be allowed to drill in Broomfield–but will Colo. voters stop it in November with positive setback vote on 97?

Extraction Oil & Gas (ticker: XOG) got the news this week …

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Oil hiring swells in Texas, U.S. oilpatch

Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks up.

LinkedIn’s workforce report for June details …

Stalled Oil Job Recovery Leaves Many Knowledge-Based Oil Pros Jobless

Stalled Oil Job Recovery Leaves Many Knowledge-Based Oil Pros Jobless

Labor Department says only 6,000 jobs are back after 60,000 layoffs hit industry starting in 2014

From the Associated Press / Texarkana Gazette

HOUSTON—Skilled workers in Texas are still looking for jobs as U.S. employment in the oil and gas …

Shale Efficiency Did an End Run Around a Permian Job Boom

Shale Efficiency Did an End Run Around a Permian Job Boom

Why hasn’t the Permian boom generated a boom for Texas oil and gas jobs?

From the Dallas Morning News

Texas added barely any oil and gas jobs last year even as the state continued to dominate the industry, according to