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Carolyn Davis

Carolyn Davis joined the editorial staff of Intelligence Press Inc. in Houston in May, 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.

North America Likely Taking Biggest Hit from Pullback in Global Oil, Gas Drilling

North America Likely Taking Biggest Hit from Pullback in Global Oil, Gas Drilling

The number of oil and natural gas wells likely to be drilled around the world this year is forecast to hit its lowest level since at least the early 2000s, with North America the most impacted from slumping demand in the age of Covid-19. An analysis by Rystad Energy issued on Tuesday pegged the number…

July 14, 2020
Forum Energy Warns of 2Q Revenue Plunge on ‘Unprecedented’ U.S. Drilling Decline

Forum Energy Warns of 2Q Revenue Plunge on ‘Unprecedented’ U.S. Drilling Decline

Global oilfield operator Forum Energy Technologies Inc. said Tuesday second quarter revenue is projected to plunge 37-40% sequentially because of the sharp decline in U.S. oil and gas drilling. The Houston-based operator expects quarterly revenue to be $110-115 million, down by as much as 40% from the first three months of this year. Free cash…

July 14, 2020
U.S. Rig Decline Said Near Bottom, with ‘Slow, Methodical Recovery’ to Year’s End

U.S. Rig Decline Said Near Bottom, with ‘Slow, Methodical Recovery’ to Year’s End

The decline in the U.S. oil and natural gas rig count may be close to a bottom, and the current commodity strip could allow activity to grind higher, according to Raymond James & Associates Inc. Analysts Praveen Narra and Kirk Presley Sr. in a note to clients said most of the pain of the downturn…

July 14, 2020
Dearth of Lower 48 Well Completions Sends Hi-Crush into Bankruptcy

Dearth of Lower 48 Well Completions Sends Hi-Crush into Bankruptcy

Houston-based Hi-Crush Inc., one of the leading Lower 48 northern white sand providers, is seeking voluntary bankruptcy protection under Chapter 11 to reduce its debt. The operator filed for protection on Sunday in U.S. Bankruptcy Court for the Southern District of Texas, noting it has a prearranged restructuring support agreement with creditors. The agreement, if…

July 14, 2020
Midcontinent Oil, Gas Execs Looking for Higher Prices to Boost Activity as Covid-19 Takes Toll

Midcontinent Oil, Gas Execs Looking for Higher Prices to Boost Activity as Covid-19 Takes Toll

Oil and natural gas operators that work through the midsection of the country faced dire activity levels during the second quarter and don’t expect much of an uptick through the rest of the year. The Federal Reserve Bank of Kansas City, aka the Kansas City Fed, every quarter traces energy activity in the Tenth District,…

July 13, 2020
DOE Looking to Boost Hydrogen Production for Natural Gas Processes and Beyond

DOE Looking to Boost Hydrogen Production for Natural Gas Processes and Beyond

The Department of Energy (DOE) is looking for proposals to support a vision for large-scale and affordable hydrogen projects to increase production, storage, distribution and utilization across multiple sectors. Hydrogen today primarily is used for oil refining and ammonia industries. However, it is emerging as an application for fuel cell vehicles, metals refining and synthetic…

July 7, 2020
ExxonMobil, Princeton Up Partnership to Discover Ways to Reduce CO2, Improve Energy Technology

ExxonMobil, Princeton Up Partnership to Discover Ways to Reduce CO2, Improve Energy Technology

Looking for ways to lower emissions and improve energy technologies will continue under a renewed collaboration by ExxonMobil and Princeton University’s Andlinger Center for Energy and the Environment. The new five-year agreement, which builds on ExxonMobil’s participation beginning in 2015 in Princeton’s E-filliates Partnership, aims to help accelerate research, development and deployment of technologies that…

July 7, 2020
Lifted by Permian, Appalachia, U.S. Upstream Dealmaking Slightly Better in 2Q

Lifted by Permian, Appalachia, U.S. Upstream Dealmaking Slightly Better in 2Q

Dealmaking in the United States within the upstream oil and gas sector staged a slight recovery in the second quarter, with three of five deals in Appalachia, but the period still ranks as the third lowest in quarterly value since 2009, according to Enverus. The data analytics company in its summary of 2Q2020 U.S. upstream…

July 6, 2020
Texas Oil, Gas Inspections Looking Up as RRC Launches Drones to Improve Oversight

Texas Oil, Gas Inspections Looking Up as RRC Launches Drones to Improve Oversight

Texas oil and gas regulators are planning to step up their enforcement abilities, including through the enhanced use of drones, to improve oversight of the massive energy industry. The Railroad Commission of Texas (RRC) outlined its fiscal year (FY) 2021 strategic priorities, with a big goal to accurately monitor and enforce major oil and gas…

July 6, 2020
McDermott Emerges from Chapter 11, with $4.6B Wiped from Debt

McDermott Emerges from Chapter 11, with $4.6B Wiped from Debt

Houston-based McDermott International Ltd. has emerged from voluntary bankruptcy and cleared nearly all of its $4.6 billion debt off the books. The engineering, procurement and contracting (EPC) giant, which launched restructuring through Chapter 11 early this year, emerged with a $2.4 billion letter of credit capacity and $544 million of funded debt. “We will continue…

July 2, 2020
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