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 …
Schlumberger, the largest oil-field service company in the world, lost $10.1 billion in 2019 as a result of hefty write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States and Canada.
The …
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 …
Source: Houston Chronicle
A new study from the University of Texas at Austin is blaming hydraulic fracturing activity on some earthquakes in the Permian Basin of West Texas.
In a study released Tuesday afternoon, scientists with the TexNet Seismic Monitoring …
From Reuters
In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.
School officials had expected …
From Reuters
Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), the two reported on Friday.
Exxon’s topped analysts’ reduced estimates for the quarter but net …
From Reuters
Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to …
From Reuters
Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas.
Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing …
From Reuters
Argentina’s gas production rose to 140 million cubic meters a day in June, the highest level in 11 years, the government said on Saturday.
That amount represented growth of 5.8% compared with the same period last year.
Argentina’s …
At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in …
From Trib Live
Pennsylvania had a record year for natural gas production in 2018, the state Department of Environmental Protection said on Wednesday.
Unconventional well operators produced 6.1 trillion cubic feet of natural gas in 2018 — an increase of …
In the United States, natural gas is one of the most prevalent sources of energy, and according to …
The United Nations Conference on Trade and Development has published a new report looking at the global shale gas …
One of the biggest environmental …
Liberty Oilfield Services has a few tricks up its sleeve that allow its frac fleet to operate in quiet mode …
A study published by the Energy Policy Institute at the University of Chicago (EPIC) this month found that, on average, the benefits experienced by communities from …
Colorado voters decided to pass Amendment 71 – or Raise …
The oil production arm of Russia’s state-run gas giant Gazprom (ticker: OGZPY) announced this week that the company completed a nine-stage horizontal well in the …
…Trump says he Understands if a Municipality or State wants to Ban Fracing
On the campaign trail, Donald J. Trump has referenced fracing in a number of speeches, always on the favorable side.
Trump made a strong endorsement for shale
While a November voter approval for a proposed Colorado constitutional amendment posed by initiative #78 would effectively put an end to new shale development activities in the state, there are two …
On a conference call hosted by Wells Fargo today regarding the possible battle over the future of fracing in Colorado, the crystal …
Privately held Third Energy received the first approval to use hydraulic fracturing in Western Europe since 2011 this week. The North Yorkshire County Council voted 7-4 allow …
The Department of Interior’s Bureau of Land Management recently filed in the 10th Circuit Court of Appeals looking to end an injunction placed against …
A group including several states and Native American tribes filed their final briefs with a Wyoming judge today to stop new federal rules regarding hydraulic fracturing. The U.S. Department of …
Proposed ballot measure 78 was approved for signature gathering by the Colorado Secretary of State’s office Friday. The measure would create a minimum distance of 2,500 …
