July 2018 - Page 2 of 10

Texas breaking records with less rigs and people | OutPut by Rig Lynx

July 29, 2018

Six months ago, Texas wasÂ on the cusp of breaking oil production records. In June, crude oil production reached 4.3 million barrels per day, putting Texas on track to â€œshatterâ€ the previous record of 1.263 billion barrels in 1972. â€œWeâ€™re going to blow that record out of the water,â€ Karr Ingham, Texas oil economist and creator of the Texas

Big oil spending cash as reserves are rising | OutPut by Rig Lynx

July 29, 2018

| Archives

One of the most significant threats to global oil supplies is the oil industryâ€™s investment slump of 2015 and 2016. The crash in oil prices resulted in significant cuts to capital expenditures, which means that some production will be delayed or canceled. Many companies and agencies have warned that these spending cutsÂ put future oil supplies at risk. As

Oil was set for a comeback but fell short at closing Friday | OutPut by Rig Lynx

July 29, 2018

| Archives

Oil prices were essentially flat early on Friday morning in quiet trade, but were on track for theirÂ first weekly gainÂ in four weeks as tension around a key Middle Eastern chokepoint lent support to the price of oil earlier this week. At 08:07 a.m. EDT on Friday,Â WTI Crude was downÂ 0.24 percent at $69.44, andÂ Brent Crudewas down 0.01 percent at

Is the shale fracturing market becoming saturated? | OutPut by Rig Lynx

July 27, 2018

| Archives

Shares of oilfield services provider Patterson-UTI Energy Inc (PTEN.O) fell on Thursday after the company reported weaker-than-expected results in its pressure pumping business, stoking investor concerns that the market is over supplied. Patterson said it would temporarily stop deploying new pressure pumping fleets to hydraulically fracture oil and gas wells due to oversupply of such gear. The company

Chesapeake sales $2 Billion of Utica assets to Houstonâ€™s Encino | OutPut by Rig Lynx

July 27, 2018

| Archives

As per the deal, Chesapeake Energy will sell more than 900,000 net acres of leasehold spanning the condensate, liquids-rich and dry gas windows of the Utica play in Ohio. The assets considered for the sale also include approximately 900 wells which produce more than 600 million cubic feet of gas equivalent per day and hold 85% of the

Landowners and mineral rights | OutPut by Rig Lynx

July 26, 2018

| Archives

From 2005 to 2014, high energy prices and innovation in extraction methods spurred annual United States production of oil and gas to grow by 69 percent, with almost 67 percent of the production occurring on farmland in 2014. The growth generated tens of billions of dollars in additional revenue for owners of oil and gas rights and

Shell announces $25 billion share â€œbuybackâ€ program | OutPut by Rig Lynx

July 26, 2018

| Archives

Royal Dutch Shell plc announced the launch of a $25 billion share buyback program on Thursday. â€œToday, Shell starts a share buyback program of at least $25 billion in the period 2018-2020, subject to further progress with debt reduction and oil price conditions,â€ the company said in a statement on its website. â€œIn the first tranche of this program

Kenya needs to up the ante to keep Tullow happy | OutPut by Rig Lynx

July 25, 2018

| Archives

Kenyaâ€™s oil industry is facingÂ new challengesÂ as Tullow Oil threatened over the weekend to shut down its oil wells in the Lokichar basin if the government does not act soon to remedy production, security, and transportation problems. Tullow has endured many hardships since it found oil in 2012 after almostÂ six decadesÂ of exploring, most recently overcoming what was a particularly

China wants to use tech to draw on scattered shale reserves | OutPut by Rig Lynx

July 25, 2018

| Archives

The worldâ€™s largest gas importer is also home to the worldâ€™s largest reserves of shale gasâ€”gas that is just sitting there, at least for now. China has been struggling to repeat the U.S. shale revolution for a number of reasons, chief of them geology, but now it may have the chance to advance its shale gas agenda.

China says no to US oil, Saudi exports US crude to Taiwan | OutPut by Rig Lynx

July 25, 2018

| Archives

Top OPEC member Saudi Arabia is shipping U.S. crude produced in the Gulf of Mexico to Asia at a time when No. 1 buyer China is snubbing American cargoes. The trading unit of state-run Saudi AramcoÂ soldÂ about 1 million barrels of U.S. Mars crude to Taiwanese refiner Formosa Petrochemical Corp. for delivery in September-October, according to traders with knowledge

Month: July 2018

Texas breaking records with less rigs and people | OutPut by Rig Lynx

Big oil spending cash as reserves are rising | OutPut by Rig Lynx

Oil was set for a comeback but fell short at closing Friday | OutPut by Rig Lynx

Is the shale fracturing market becoming saturated? | OutPut by Rig Lynx

Chesapeake sales $2 Billion of Utica assets to Houstonâ€™s Encino | OutPut by Rig Lynx

Landowners and mineral rights | OutPut by Rig Lynx

Shell announces $25 billion share â€œbuybackâ€ program | OutPut by Rig Lynx

Kenya needs to up the ante to keep Tullow happy | OutPut by Rig Lynx

China wants to use tech to draw on scattered shale reserves | OutPut by Rig Lynx

China says no to US oil, Saudi exports US crude to Taiwan | OutPut by Rig Lynx

Recent Posts

Recent Comments

Categories

Recent Blogs

Formal Webpages, Real Gamble Guide & Demonstration

The Influence of Artificial Intelligence on Casino Operations

Get in Touch

Site Map