For November we had over 25k article views, here we will cover the top 5! News from Valaris, Pacific, Noble, Borr and Seadrill We know that it's not that easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to December! Stay safe!   Valaris's DS 12 and BP ready to start on second phase of Block 18 in Angola Pacific updates on prearranged reorganization Noble preparing to emerge from bankruptcy Borr sells jackup Balder (ex GSF Constellation 2) Seadrill issues trading update, contract awards, cancellations, suspensions and scrapping We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here  

  For October we had over 38k article views, here we will cover the top 5! News from Transocean, Seadrill, Valaris, Turkey and Angola Nationalization We know that it's not that easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to November! Stay safe!   Is Transocean looking at Chapter 11?   Equinor cancels rig tender for Santos Basin   Kanuni (Ex-Sertao) drillship set for joining the Fatih in the Sakarya field   Angola publishes local content law promoting complete Angolanization of the oil and gas sector   Valaris announces quarter 3 results and operational update   We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here

  For September we had over 15k article views, here we will cover the top 5! News from Seadrill, Posh, Maersk and Sete  We know that it is not easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to October! Stay safe!   Seadrill Brazil subsidiary served with search and seizure warrant   POSH grabs long term floatel work with Petrobras   Seadrill shells out $31m for Mermaid Maritime and takes full control of Asia Offshore Drilling   Second half of 2020 looks brighter for Angola   Sete Brasil's creditors will make a decision this week   We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here  

  For August we had over 16k article views, here we will cover the top 5! News from Transocean, Diamonds, Pacific, Borr and Petrobras… We know that it is not easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to September! Stay safe!   Transocean buys into Enhanced Drilling   Diamond puts the Onyx to work for Beach, 6 firm wells   Pacific Drilling lands 10 well gig for the Sharav in the GOM   New contracts and extensions for Borr Drilling   Petrobras looking to contract two high spec rigs for 2,400 meter tender   Come join our community! Download the Rig Lynx app here  

  For July we had over 21k article views, here we will cover the top 5! News from Valaris, Transocean, BJ Services and some cool history… We know that it is not easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to August! Stay safe!   Relentless prepares for upcoming contract with Chevron GOM   Offshore drillers facing another shakeup   Transocean lands 17 month contract with LLOG with estimated value of $250 million   BJ Services files for Chapter 11   History of the Weight Indicator   Come join our community! Download the Rig Lynx app here  

  For June we had over 14k article views, here we will cover the top 5! News from Valaris, Maersk and a crazy prediction from JPMorgan… We know that it is not easy at the moment but we wish all of you well wherever you are, thanks for reading with us and we wish you a great start to July! Stay safe!   $190 oil, JPMorgan thinks it's possible   Silver Eagle has contracted PetroVietnam Shipyard for newbuild SEDU's   International Rig Count Down 321 Units Since May 2019   Record for Maersk Invincible: 2278m drilled in one day   Valaris elects not to make a $13.3 million interest payment   Come join our community! Download the Rig Lynx app here  

  For May we had over 22k article views, here we will cover the top 5! News from EOG, OXY, Transocean, and Seadrill… We know that it is not easy at the moment but we wish all of you well wherever you are, thanks for reading here with us and we wish you a great start to June!   EOG Resources to shut existing wells and cut budget even deeper   Transocean's 712 headed for scrap, DD II could be as well   Occidental is sued by shareholders, bondholders over Anadarko merger   Operators suspend drilling in Angola   $100 oil in 18 months?      

For January we had over 29k views, here we will cover the top 5! News from Oxy, Transocean, Maersk, Apache and Northern… We hope all of you had a great January, thanks for reading here with us and we wish you a great start to February! # 1 with 2,027 views Occidental Petroleum slashing jobs ‘significantly’ in cost-cutting move #2 with 1,124 views Transocean Ltd. announces $352.9 million in new rig contracts and exercised options #3 with 1,114 views Maersk Drilling selected by Total to drill at world record water depth in Angola-Namibia campaign #4 with 1,055 views Apache Corp to close San Antonio office, cut 272 jobs #5 with 976 views Northern Offshore lands a two year contract for the Energy Embracer Check out our other current stories! Popular News – Top 5 from this past weekNorth America Rig Count: U.S. down 4, Canada adds 3Port of Argentia making a play for more oil and gas business Join the largest oil and gas community on iOS and Android! Download the app here!

The Karnes Country rig fire leads the views this month, we are glad that no injuries were sustained in this event. Seadrill was in this rundown twice for August with some work in the Bahamas and the joint venture with GDI, rig fire in Kirbyville, Texas where 3 were injured and Australia opened up 120k kms of acreage for some additional exploration. For this month we had 25k article views, below are the top 5, they grabbed almost 6k of them. #1 with 3,072 views Rig fire forces evacuations in Karnes County, Texas #2 with 967 views Seadrill enters into an agreement to provide a drillship for an exploration well in the Bahamas #3 with 643 views Three burned in rig accident south of Kirbyville, Texas #4 with 634 views Seadrill and Gulf Drilling International in joint venture “GulfDrill” #5 with 599 views Australia just opened up 120,000 sq km for offshore oil and gas exploration Check out our other current stories! Seadrill’s West Neptune gets a 1 year extension with LLOGMaersk Drilling grabs one-well gig for PetrogasPopular News – Top 5 from this past week! Join the largest oil and gas community on iOS and Android! Download the app here!

Terrible incident on the Shell Auger sits at the top for last month, all of us here at Rig Lynx thoughts are with those families and crews. Valaris lines up a list of new work, GOM has a gulf wide lease, drilling record breaking wells in the Permian and Shelf grabs up some new work. For this month we had 29k views on articles, below are the top 5, they grabbed over 8k of them. . #1 with 3,576 views Two killed on Shell’s Auger TLP #2 with 2,740 views EnscoRowan announces 7 contract awards, 8 extensions and 1 rig sold in fleet update status #3 with 1,042 views GOM region wide lease of 77.8 million acres set for August #4 with 773 views Record breaking Permian Basin horizontal well finished #5 with 622 views Shelf Drilling grabs two three year contracts Check out our other current stories! Petrobras circulates e-mail for bidding on the Vitoria 10000International Rig Count added on 24 rigs in JulyShelf Drilling’s Resourceful gets extended Join the largest oil and gas community on iOS and Android! Download the app here!

For this month we have Anadarko’s CEO with that huge amount of money, the first mobile offshore rig in the world, Mexico heating up with jackup work, floater activity increasing into 2021 and Seadrill grabbing some work for the West Capricorn. #1 with 1393 views Anadarko CEO gets $98 million payout #2 with 673 views The first mobile offshore drilling rig: 65 years later and we are still exploring #3 with 665 views Bassoe: Mexican companies scramble to find jackup rigs #4 with 562 views “We foresee demand of 172 units by 2021” says Rystad on floater activity. #5 with 524 views Seadrill bags a contract for the West Capricorn Check out our other current stories! Wyoming Bureau of Land Management enjoys 94% bid success and $22 million on recent land offeringTwo killed on Shell’s Auger TLPPopular News – Top 5 from this past week! Join the largest oil and gas community on iOS and Android! Download the app here! Rig Lynx was launched December 2017, our oil and gas news was viewed over 373,000 times in 2018 and our social networking application generated over 268,000 clicks in 2018. Our current foothold has rivaled the largest in the industry and we are just getting started.

Here are our top 5 stories from the month of May! #1 with 14,636 views Weatherford to file for Chapter 11 bankruptcy #2 with 8,377 views Schlumberger sells off the drill pipe and fishing business for $400 million #3 with 2,346 views Dolphin Drilling lets entire management team go #4 with 798 views Transocean highlights new rig technology at Houston’s 50th OTC #5 with 585 views Anadarko accepts Occidental’s sweetened bid Check out our other current stories! Popular News – Top 5 from this past week!CNRL grabs up Devon Canada exit for $2.8 billionMaersk Resilient grabs work with Hess Join the largest oil and gas community on iOS and Android! Download the app here! Rig Lynx was launched December 2017, our oil and gas news was viewed over 373,000 times in 2018 and our social networking application generated over 268,000 clicks in 2018. Our current foothold has rivaled the largest in the industry and we are just getting started. For a complimentary copy of our 2018 Reach Report please send us an email at info@riglynx.com and we will be happy to show you our progress!

First up is all the chatter about the Anadarko buyout, looks like they might be leaning into Oxy from the latest news! 2nd spot goes to Borr with the purchase of the Hakuryu-15, another asset added to their fleet! Following up Borr is Noble with some much need utilization added to the floater market with their new contract announcements. In the 4th spot is EsncoRowan taking their first newbuid, the Ensco 123, this will be the first rig with EnscoRowan’s patented CTT or continuous tripping technology, we wish them luck! In our final spot we have the bidding rounds for Newfoundland that opened up in the beginning of April and interested parties will have until 12:00 p.m. NST on November 6, 2019 to submit sealed bids for the parcels being offered. We hope all of you had a great April, thanks for reading here with us and we wish you a great start to May! #1 with 678 views Occidental makes an offer for Anadarko #2 with 636 views Borr Drilling Purchases Hull No. B378 former Hakuryu-15 #3 with 607 views Noble grabs two extensions and one new contract #4 with 605 views Freshly merged EnscoRowan takes their first new build, the Ensco 123 #5 with 591 views Newfoundland calling for bids Check out our other current stories! Diamond grabs up work for their 6th Gens BlackRhino and BlackHawk with WoodsideSaudi Taqa has purchased Schlumberger’s Middle Eastern drilling rig business for $1.2 billionAnadarko Leaning Toward $38 Billion Occidental Bid Over Chevron Join the largest oil and gas community on iOS and Android! Download the app here!

  First up is the sad reminder of the Bristow helo, our thoughts with the families here as always as we know the dangers of remote travel and its not taken lightly. Second up is the comeback of offshore work, its still not there yet but underway, here is to a good 2019 going forward. In the third spot is Diamond making a bold statement about drillship rates doubling next year, a great outlook, we hope for the same. Behind that we have Transocean closing up the Mero tender work with Petrobras for the ex-OR ships and last but not least is Awilco pulling in that 2nd HE newbuild with Keppels. We hope all of you had a great March, thanks for reading here with us and we wish you a great start to April! #1 with 19,642 views Bristow helo goes down in GOM, 1 missing and 1 killed   #2 with 630 views Offshore Drilling Makes a Comeback After Years in Shale’s Shadow   #3 with 593 views Diamond Offshore sees drillship rents almost doubling next year   #4 with 525 views Transocean inks work for ex-Ocean Rig vessels Corcovado and Mykonos     #5 with 521 views Awilco signs up with Keppels for a 2nd newbuild HE semi   Check out our other current stories! Borr Drilling Purchases Hull No. B378 former Hakuryu-15 Saipem looking to sell off drilling fleet after 24% revenue decline last year Weekly Rundown – The top 5 stories from the past week Join the largest oil and gas community on iOS and Android! Download the app here!

  For January it’s another month of contracts, which is always a good thing, we try to share as much as we can about work so people can get those much needed jobs coming on the market! Nabors CEO drops $4 mil Award for $1,500 It’s a 4 x 4 for Ensco’s 1st Fleet Status for 2019: 4 Awards and 4 Extensions “Should be signed soonâ€� states Bassoe on Petrobras two rig deal with Transocean 3 Drilling Contractors Bag Long Term Contracts Seadrill picks up 6 well deal for the West Vencedor If you like what we do then let us know by becoming a patron through Patreon, for as little or as much as you would like! Hit the button below! Check out our other current stories! Weekly Rundown HHI and DSME line up for a potential merger in South Korea Bassoe: 34 years of backlog added to the jackup market in January Join the largest oil and gas community on iOS and Android! Download the app here!

November was a turbulent month for oil prices, one of our top 5 articles highlighted what the sentiment is on that subject. A bit of history made it into the list as well, the first well drilled out of site of land. There are two pieces in this list, one at the top about fracking and what the outlook for the future will be in comparison to output from OPEC and the other is about the everlasting bottleneck, both very important subjects but each tied to together based on supply and demand. Also, a capsizing lift boat near Grande Isle saw rescuers come to the aid of 15 people on board! Lets get started with Texas pushing production to recording breaking levels! Texas is About to Create OPEC’s Worst Nightmare An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a profit even with crude prices as low as $30 a barrel. OPEC’s bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day. “The Permian will continue to grow and OPEC needs to learn to live with it,’’ said Mike Loya, the top executive in the Americas for Vitol Group, the world’s largest independent oil-trading house. (More Here)# 15 Rescued from the Ram XVIII near Grand Isle The Coast Guard and good Samaritan vessels have helped rescue 15 people from a lift boat near Grand Isle. The Coast Guard was called at about 3:16 a.m. Sunday Nov 18th from a lift boat, Ram XVIII, which was taking on water about 23 nautical miles west of Southwest Pass. There were 15 souls on board. Sector watchstanders issued an urgent marine information broadcast, launched a Coast Guard Station Grand Isle 45-foot Response Boat-Medium boat crew, and launched an MH-65 Dolphin Helicopter air crew. (More Here) It’s been 71 years since the first well was drilled out of sight of land November 14, 1947 – First Oil Well drilled Out of Sight of Land: The modern offshore petroleum industry began in the Gulf of Mexico with the first oil well successfully completed out of sight of land. Brown & Root Company built the freestanding platform 10 miles offshore for Kerr-McGee and partners Phillips Petroleum and Stanolind. (More Here) Halliburton CEO Expects Permian Bottlenecks Gone By End of ’19 Halliburton Co. expects bottlenecks in America’s busiest oil field to be relieved by the end of next year. A series of catalysts will drive drilling and fracking activity in the Permian Basin of West Texas and New Mexico throughout the next year, Jeff Miller, chief executive officer of the world’s biggest fracker, said during a Bloomberg TV interview. Explorers’ budgets will reload as the calendar flips to next year, and a host of new pipelines will open in the second half of 2019 to create more takeaway capacity. (More Here) Why Are Oil Prices Dropping Sharply? Oil prices jumped in September and early October of this year (2018), but have dropped $20 a barrel in the last few weeks. The sharp turnaround is attributed to OPEC’s inability to cut supply, but this is old-fashioned thinking. OPEC’s power is a small fraction of what it was in the 1970s. What’s happening now is wild swings in thinking about the future. Oil prices have to balance supply and demand, of course, but not necessarily today’s supply and today’s demand. Commodities traders can hold inventories in storage tanks if they think that prices will be higher in a few months, and producers can run wells at lower pumping volumes. (There are limits to flexibility in pumping volumes, though, based on the technical characteristics of each well.) (More Here) That’s it for this month, we will be back at the end of December for more of your top oil and gas posts, have a great month ahead! Header photo is licensed under Public Domain. By Vachon, John, 1914-1975, photographer Check out our other current stories! Seapulse to unlock 4 billion boe with the help of Maersk Drilling over the next two years A busy 2018 for Transocean as they announce closing of Ocean Rig acquisition and multiple contracts  Pacific Drilling on 3rd quarter loss but strong statements from CEO A new community just for oil and gas… Download the app free right here!

This month has been full of “Drilling Contractor” news, and that’s great for all our people out there still looking for work. Ensco sets at both the #1 and #2 spots with some big movements for them, the two scheduled hiring events as earlier report is up to over 28k views and next up is the merge/buyout of Rowan creating a massive fleet of 82 offshore rigs! Just behind that is Noble with putting more ships back to work and Rowan falls into the #4 spot with the Reliance being awarded a 1 year contract with options from Fieldwood. Pulling into #5 is Conoco getting first oil from their long term project in Alaska! Lets get started with Ensco’s newly announced hiring events! #1 (28,350 Views) Drilling company Ensco slates two hiring events in Louisiana and Mississippi for Nov 7th and 8th On their LinkedIn page yesterday, drilling company Ensco announced two job fairs taking place, one in Hattiesburg, Mississippi on November the 7th and the other in Alexandria, Louisiana. (more here) #2 (8,505 Views) Ensco buys Rowan for $2.3 Billion, creates massive fleet of 82 offshore rigs Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco. This creates an offshore drilling company with 82 offshore rigs in its fleet. The two drillers have said that the merger will create a driller with the broadest geographic presence of any offshore driller in the market. Rowan CEO will serve as the chief executive of the combined company. Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. Upon closing, Ensco and Rowan shareholders will own approximately 60.5% and 39.5%, respectively, of the outstanding shares of the combined entity. There are no financing conditions for this transaction. (more here) #3 (2,736 Views) Noble puts two idle drillships back to work According to Noble’s latest fleet status report issued on Thursday, the 2013-built drillship Noble Don Taylor has been awarded a contract by Talos in the U.S. Gulf of Mexico. The deal with Talos starts in early November 2018 and ends in mid-January 2019. The dayrate has not been disclosed but Noble said that the rig will collect a dayrate over the defined contract period in addition to the idle dayrate of $420,000 in accordance with Shell’s decision from September to idle the rig for the remainder of its contract, or 183 days ending February 25, 2019. (more here) #4 (864 Views) Rowan Reliance Awarded 1 Year Plus Options from Fieldwood HOUSTON, Oct. 29, 2018 /PRNewswire/ — Rowan Companies plc (“Rowan” or the “Company”) (NYSE: RDC) announced today that the Rowan Reliance, an R-Class ultra-deepwater drillship, has been awarded a contract in the United StatesGulf of Mexico by Fieldwood Energy LLC with a firm term of one year plus three 90-day options at then market rates.  The contract is expected to commence the first quarter of 2019.  The Rowan Reliance is currently warm stacked offshore Louisiana in the US Gulf of Mexico. (more here) #5 (772 Views) ConocoPhillips gets first oil from North Slope GMT1 ConocoPhillips Alaska has achieved first oil production on the North Slope at the Greater Mooses Tooth #1 (GMT1), the company announced Oct. 9. The GMT1 drill site is located in the National Petroleum Reserve-Alaska (NPR-A), an area of land on the Alaska North Slope owned by the U.S. federal government and managed by the Bureau of Land Management (BLM). Peak production for GMT1 is forecasted to be 25,000 to 30,000 barrels of oil per day and the project is expected to cost $725 million, which includes construction and drilling expenses. (more here) That’s it for this month, we will be back at the end of October for more of your top oil and gas posts, have a great month ahead! Header photo is licensed under the Creative Commons Attribution 2.0 Generic license. Author: Flickr upload bot Check out our other current stories! OutPut’s Weekly Top 5 Rigzone: US has added 65k jobs in the oil and gas so far this year U.S. rig count down by 1 this week A new community just for oil and gas… Download the app free right here!

OutPut’s Top 5 for September Click To Tweet We would like to start off by saying thank you to everyone that reads our articles and material, without you we would not be able share some of the awesome thing happening in the world of oil and gas these days, we know there are thousands of news outlets but you are reading what we are sharing so thats wonderful and we want to recognize you for this! For the month of September we have seen the heat come on in the Powder River Basin, some new build announcements, Shell setting aside one of Noble’s drillships, that $100 oil game coming back and some issues in the EG with vendors and local regulations! Lets get started with the Powder River Basin! #1 (1,681 Views) Powder River Basin heating up with over $17 billion of revenue on the burner 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 not the first time that the Powder River Basin has garnered industry attention. In 2014, when oil prices were soaring, many industry players were already eyeing the basin as the next big thing, but when oil prices waned in the following years many drilling plans in Powder River were abandoned for established operations. (story continues here) #2 (1,020 Views) Huisman contracted to build semisubmersible for CMHI to be delivered Q2 2020 This week, China Merchants Heavy Industries (CMHI) awarded Huisman a contract for the engineering and fabrication of a drilling system which will be integrated and installed on the moored drilling semi-submersible constructed at CMHI Haimen. This drilling system will be used for oil and gas drilling activities in shallow to medium water depths all around Asia, particularly the South China Sea. (story continues here) #3 (982 Views) Shell idle’s the Don Taylor in the GOM for $420k a day for the next 181 days 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 for the remainder of its contract, or 183 days ending February 25, 2019. (story continues here) #4 (899 Views) $100 oil back on the forecast, 1st time since 2014 Major oil trading houses are predicting the return of $100-crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of price surge President Donald Trump has been seeking to prevent by pressuring the Organization of Petroleum Exporting Countries to raise production. Yet the cartel and its allies gave mixed signals at a meeting in Algiers on Sunday, ultimately showing little sign they would heed U.S. demands to rapidly push down crude prices. (story continues here) #5 (804 Views) TechnipFMC, Subsea 7 SA and Schlumberger among companies that EG gov say “aren’t complying” Equatorial Guinea may exclude oil-service companies TechnipFMC Plc, Subsea 7 SA and Schlumberger Ltd. from the country because they aren’t complying with local-content rules over training and jobs, said a government official. Major oil companies could be asked by the end of September to cancel their contracts with those service providers and issue new tenders, the official said, asking not to be named because the information isn’t yet public. That would be similar to action taken against CHC Helicopter Corp. earlier this year, the official said. (story continues here) That’s it for this month, we will be back at the end of October for more of your top oil and gas posts, have a great month ahead! Check out our other current stories, we dare you… Transocean drillship gets 790 extension  Top 5 for week 39! U.S. rig count up by 1 this week A new community just for oil and gas… Download the app free right here!

We have had a great month here with OutPut but as always we like to share what our readers were more interested in during the month, so as every other month we will kick this one off with the oldest producing well in the world… #1 (14,260 Views) Oldest Producing Oil Well in the World August 16, 1861 – Oldest Producing Well Drilled in Titusville, Pennsylvania, in 1861, the McClintock well is pumped a few times a year to supply oil for souvenir bottles sold at the Drake Well Museum.     What would become the world’s oldest continuously producing oil well was completed in 1861 near Rouseville, Pennsylvania. The McClintock No. 1 well, reaching 620 feet deep into the Venango Third Sand, initially produced 50 barrels of oil a day. The well was drilled 14 miles from Titusville, where America’s first commercial oil discovery was made two years earlier. #2 (1,069 Views) Its been 14 years since we lost a Hellfighter Famed oilfield well control expert and firefighter Paul “Redâ€� Adair died at age 89 in Houston August 7 2004. The son of a blacksmith, Adair was born in 1915 in Houston. He served with a U.S. Army bomb disposal unit during World War II. Adair began his career working for Myron Macy Kinley, who patented a technology for using charges of high explosives to snuff out well fires. Kinley, whose father had been oil well shooter in California in the early 1900s, also mentored “Bootsâ€� Hansen and “Cootsâ€� Mathews (Boots & Coots), and other firefighters. #3 (813 Views) Apache and KAAC to merge and form a $3.5 billion corporation Apache Corp. will contribute its midstream assets at Alpine High to Altus Midstream LP, a partnership jointly owned by Apache and Kayne Anderson Acquisition Corp. (KAAC). At closing, KAAC will be renamed Altus Midstream Co., a C-corporation anchored by substantially all of Apache’s gathering, processing, and transportation assets at Alpine High in the Delaware basin. “Alpine High contains more than 5,000 feet of vertical hydrocarbon bearing formations across approximately 340,000 contiguous net acres,â€� said John Christmann IV, chief executive officer and president of Apache. Altus Midstream expects to have more than $900 million of cash and no debt at closing and is projected to be free-cash-flow positive by 2021, Freed said, giving the company “substantial borrowing capacityâ€� to accommodate growth plans. #4 (667 Views) Some Louisiana oil and gas history you may not know The first Louisiana oil well discovered the giant Jennings oilfield in 1901 and launched the Pelican State’s petroleum industry. Almost a quarter million wells would be drilled by 2014. Nine months after the 1901 headline-making oil discovery at Spindletop, Texas, oil erupted 90 miles to the east. W. Scott Heywood – already successful wildcatter at Spindletop – drilled a well that revealed the Jennings oilfield. His September 21 Louisiana gusher initially produced 7,000-barrels of oil a day. #5 (607 Views) FAR heads into Gambia, first offshore well in 40 years FAR Limited has selected its final well location for the upcoming Samo-1 well in its Gambian exploration program. Following reprocessing and interpretation of 3D seismic data, detailed mapping of the Samo Prospect and detailed well engineering, FAR Gambia Ltd, a wholly owned subsidiary of FAR Limited, as Operator of the block A2 joint venture, has approved a Samo-1 well location. The Samo Prospect lies immediately to the south and along trend from the giant SNE oil field in Senegal – a trend which has so far seen nine successful exploration and appraisal wells (at 100% success rate). That’s it for this month, we will be back at the end of September for more of your top oil and gas posts, have a great month ahead! Check out our other current stories, we dare you… There must be some kind of way out of here Rig count up by 2 this week Got a new idea about recycling frac water? It’s a $22 Billion emerging industry New community just for oil and gas… Download the app free right here!

->1 Shell announces $25 billion share “buybackâ€� program (891 Views) Royal Dutch Shell plc announced the launch of a $25 billion share buyback program on Thursday. “Today, 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… ->2 Permian home of the current boom but also home to something else (491 Views) The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it’s fueling a subculture of drug and alcohol abuse among oil field workers. The Permian shale play in West Texas is once again booming with drilling and is full of oil field workers, some of which are abusing drugs and alcohol to help them get through long shifts, harsh working conditions, and loneliness and isolation… ->3 Ocean Rig Skyros keeps a healthy dayrate of 573k with Total Angola until 2021 (429 Views) Ocean Rig has concluded negotiations with Total (NYSE:TOT) regarding the contract of Ocean Rig Skyros. The outcome is very favorable for the company: the dayrate for the remaining duration of the contract (until Q3 2021) will remain fixed at $573,000…     ->4 50% of the global oil supply has been targeted by tariffs, Texas (282 Views) 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… ->5 Oil experts scratching head over the prices (272 Views) Oil price projections are infamously all over the map, but the current chasm between various pricing forecasts is striking, offering wildly different views. On the low end we have Citibank, which recently stated that Brent oil prices could fall to as low as $45 per barrel within the next year. Citi’s Ed Morse said that Brent could very well fall back into a band of between $45 and $65 per barrel, a range that was familiar between much of the market downturn between 2014 and 2016… Check out our other current stories, we dare you… Pioneer focusing on Permian super basin assets Everything is better in a boom, even the GDP Substance abuse in the Permian? New community just for oil and gas… Download the app free right here!