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Powder River Basin heating up with over $17 billion of revenue on the burner | OutPut by RigLynx

September 7, 2018
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  As the crude powerhouse that is Texas’ Permian Basin becomes old news, oil explorers are looking for the next big thing–and they have found it in the more-than 4000 feet of stacked pay in Wyoming’s Powder River Basin. In Powder River, Big Oil has found less-congested pipelines, cheaper land, and more importantly, a whole lot of oil. It’s

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Global deepwater demand for offshore drilling units to increase 13% between 2018 and 2020 | OutPut by Rig Lynx

September 6, 2018
| Archives

Consistently higher oil prices and greater cost-efficiency in offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater projects, according to new analysis from IHS Markit on Wednesday. In its first worldwide mobile rig forecast for 2020, IHS Markit, a world leader in critical information, analytics and solutions for the major industries and

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Shell idle’s the Don Taylor in the GOM for $420k a day for the next 181 days | OutPut by Rig Lynx

September 6, 2018
| Archives

Oil major Shell has decided to idle one of Noble Corporation’s drillships operating for the company in the Gulf of Mexico. Noble informed in its fleet status report on Tuesday that Shell had exercised a contractual right to idle the 2013-built drillship Noble Don Taylor Click To Tweet for the remainder of its contract, or 183 days ending February

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Sevan Marine has sold it’s IP to Sembcorp Marine for $39 million | OutPut by Rig Lynx

September 6, 2018
| Archives

Norway-based cylindrical floater specialist Sevan Marine has completed the sale of intellectual property to Singapore’s Sembcorp Marine Click To Tweet To remind, Sevan entered into the deal with a Sembcorp Marine subsidiary, Sembcorp Marine Integrated Yards Pte. Ltd. (SCM), on June 7. Sembcorp Marine said on Wednesday that SCM acquired interests and titles to all of Sevan Marine’s intellectual property and

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Southwestern Energy shifts $1.865 billion to Appalachia assets | OutPut by Rig Lynx

September 5, 2018
| Archives

Southwestern Energy Company is selling its Fayetteville Shale business and related midstream assets for $1.865 billion, the company announced Sept. 4. The company has entered into a definitive agreement with private Flywheel Energy, LLC and under the transaction will exit Fayetteville. Assets include 915,000 net acres; 4,033 operated producing wells; 3.7 Trillion cubic feet (Tcf) of proved reserves

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Talos Energy pics up Whistler Energy II for $52 million | OutPut by Rig Lynx

September 5, 2018
| Archives

Talos Energy Inc. has acquired privately-owned Whistler Energy II, LLC in a $52 million deal, the company announced September 4. Click To Tweet Whistler’s assets have a year-to-date gross production of 1,900 barrels of oil equivalent per day. The acquired assets include a 100 percent working interest in three Central Gulf of Mexico blocks – Green Canyon 18, Green

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New 600-mile Permian pipeline system to Houston | OutPut by Rig Lynx

September 5, 2018
| Archives

Pipeline giants Energy Transfer Partners, Magellan Midstream Partners and others are teaming up on a new, 600-mile Permian pipeline system to Houston. Dallas-based Energy Transfer and Oklahoma’s Magellan said they’ve partnered with Israel’s Delek Group and Ohio-based MPLX, which is the pipeline arm of Marathon Petroleum, to fund the construction of the multibillion-dollar pipeline project. They said they

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First Mississippi Oil Well | OutPut by Rig Lynx

September 4, 2018
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  The first Mississippi oil well was drilled in 1939 after a Yazoo County geological survey by a young geologist who had sought a suitable clay to mold cereal bowls for children. “It all began quite independently of any search for oil,†noted a southern history journal decades later. Frederic Mellen became president of the Mississippi Geological Survey in

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Transocean purchases Ocean Rig for $2.7 Billion | OutPut by Rig Lynx

September 4, 2018
| Archives

September 4, 2018 Enhances Transocean’s position as the leader in ultra-deepwater and harsh environment drilling; Adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction; Results in a combined fleet of 57 floaters, with 17 of the top 50 and 31 of the top 100 ultra-deepwater drillships in the industry(1); Enhances Transocean’s exposure to,

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