Companies

Texas Upstream Job Growth Still Moving Up, with Recovery in Full Swing

Texas Upstream Job Growth Still Moving Up, with Recovery in Full Swing

The Texas oil and natural gas industry added an estimated 800 upstream jobs in July, which marked the 20th consecutive month of job growth, according to the Texas Workforce Commission.

August 28, 2018

U.S. E&P Dealmaking Slows, Even in Permian, as Private Equity Fills Void

U.S. upstream dealmaking slowed significantly during the third quarter, with transaction value falling to only $8 billion after a total of $86 billion in the previous four quarters, 1Derrick reported Wednesday.

October 18, 2017

Lower 48 E&Ps Raising Capex in 2017, Especially in Permian, Says Wood Mackenzie

Lower 48 exploration and production (E&P) companies, particularly those with Permian Basin exposure, are loosening their purse strings this year, while some of the largest operators are trimming investments as capital-intensive projects wind down, according to Wood Mackenzie.

March 16, 2017
Pittsburgh-Based Peoples Acquiring Kentucky NatGas Utility

Pittsburgh-Based Peoples Acquiring Kentucky NatGas Utility

Peoples Natural Gas has struck a deal to acquire Delta Natural Gas of Winchester, KY, which serves 36,000 customers in central and southeastern Kentucky.

February 21, 2017
Higher Costs, More Restructuring Ahead For Upstream Oil/NatGas, Consultancy Says

Higher Costs, More Restructuring Ahead For Upstream Oil/NatGas, Consultancy Says

While the oil and natural gas sector recovery is in progress, there is a danger of a “sharp snap back” in costs for oilfield equipment and services, warns consultancy AlixPartners in a new study. Further, companies that have not yet restructured are in for tough sledding as the competition has gotten leaner and more efficient.

January 27, 2017

Pure Bakken Players Sticking Around

A long-time fixture among Williston Basin exploration and production companies, Denver-based SM Energy Co. said earlier this month it is selling its remaining Bakken assets in North Dakota to concentrate on Texas acreage. But others are staying in the Bakken.

January 19, 2017
Haynesville Gains Again Amid Modest U.S. Rig Return

Haynesville Gains Again Amid Modest U.S. Rig Return

A modest six land-based rigs returned to service in the United States during the week ending Friday, according to Baker Hughes Inc. Two of those returning were in the Haynesville, which has surpassed its year-ago activity level.

January 6, 2017
Rigs Keep Rising, Followed by Oilfield Services Rates

Rigs Keep Rising, Followed by Oilfield Services Rates

A modest six land-based rigs returned to service in the United States during the week ending Friday, according to Baker Hughes Inc. That was enough to push the current tally to 640, five rigs past the year-ago level. More rigs are coming back this year, and that will mean increased pricing power for oilfield services companies, analysts said.

January 6, 2017

EQT, Range Resources Reject Investment Firm’s Merger Concept

EQT Corp. and Range Resources Corp. on Tuesday rebuffed an investment firm’s end-of-the-year pitch urging the companies to merge in a deal that it argued would create “the largest and best-positioned natural gas producer in the United States.”

January 3, 2017
U.S. Energy Sector More Optimistic, But 2017 Headwinds Likely

U.S. Energy Sector More Optimistic, But 2017 Headwinds Likely

With oil and natural gas prices rising and rigs coming off the stacks, the U.S. energy sector is poised for a comeback of sorts in 2017, but operators still face headwinds that may hinder growth.

December 30, 2016
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