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

July 27, 2018

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

API reports overall drawdown on inventory | OutPut by Rig Lynx

July 25, 2018

| Archives

The American Petroleum Institute (API) reported a crude oil draw of 3.16 million barrels of United States crude oil inventories for the week ending July 21, compared to analyst expectations that this week would see a smaller draw in crude oil inventories ofÂ 2.331 millionÂ barrels. Last week, the American Petroleum Institute (API) reported a surprise build ofÂ 629,000 barrelsÂ of crude

50% of the global oil supply has been targeted by tariffs, Texas | OutPut by Rig Lynx

July 25, 2018

| Archives

The oil and gas industry remains one of the most resilient and impactful sectors in the country, despite efforts by some to derail domestic production based on an ideology, not science, and certain ill-conceived policies carrying unintended consequences. Though operators have welcomed a reprieve from overly burdensome federal regulations targeting the oil and gas industry under President Donald

Rig Lynx 2.1 brings employees and companies together on the only oil and gas social networking application | OutPut by Rig Lynx

July 24, 2018

| Archives

Rig Lynx is committed to enhancing our user experience Below are our the enhancements for 2.1! Company Registration: Now you will be able to register your company on the application for free Notification settings screen: We have created a screen to take care of all of this, just hop in there and turn on or off any of these notifications as you

Author: Admin

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

API reports overall drawdown on inventory | OutPut by Rig Lynx

50% of the global oil supply has been targeted by tariffs, Texas | OutPut by Rig Lynx

Rig Lynx 2.1 brings employees and companies together on the only oil and gas social networking application | OutPut by Rig Lynx

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