Uncertainty on E&P Plans, Pricing Casting ‘Pall’ Over Industry, Says Superior CEO

Uncertainty on E&P Plans, Pricing Casting ‘Pall’ Over Industry, Says Superior CEO

Houston-based Superior Energy Services Inc., which makes its mark in the U.S. onshore with its pressure pumping services and specialized drilling, said a lack of direction regarding overall spending plans by producers and “supply chain stress” have created some uncertainty about the outlook for 2018.

October 24, 2017

Pressure Buildup Forces SoCalGas to Shut In One-Third of Active Aliso Canyon Injection Wells

During the first two weeks that Southern California Gas Co. (SoCalGas) began reinjection operations at its troubled Aliso Canyon natural gas storage facility, the company discovered a gradual pressure buildup at 13 of the 39 injection wells that had been brought back online.

September 12, 2017

U.S. Unconventionals to Pressure Oil Prices for Years, Says ExxonMobil Chief

Even as supplies tighten, ample production from U.S. unconventional drilling will pressure commodity prices for years to come, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.

October 19, 2016

Weather Outlooks Remain Soft as Matthew Strengthens; November Seen 3 Cents Lower

November natural gas is set to open 3 cents lower Friday morning at $2.93 as traders focus on at least another weak of light demand. Overnight oil markets fell.

September 30, 2016

Patterson-UTI Buying Gulf Coast Pressure Pumping Horsepower

A unit of Patterson-UTI Energy Inc. is growing its Gulf Coast region operations by acquiring pressure pumping assets that will support activities in the Eagle Ford and Haynesville shales.

September 19, 2014

Plump Storage Build On Tap, Yet October Called Flat

October natural gas is set to open unchanged Thursday morning at $4.01 as traders get set to factor in another balloon-like addition to natural gas inventories that is expected to be well above historical averages. Overnight oil markets were mixed.

September 18, 2014

Low Pressure Over Southern Florida Could Spice Up Quiet Atlantic Hurricane Season

It may not look like much, but a broad area of low pressure tracking over southern Florida Friday may have the potential to strengthen and move toward natural gas infrastructure along the Gulf Coast early next week, according to one forecaster.

September 12, 2014

Shorts Growing Impatient; September Called 3 Cents Higher

September natural gas is expected to open 3 cents higher Tuesday morning at $3.86 as traders factor in coal-switching and somewhat supportive near-term weather. Overnight oil markets eased lower.

August 5, 2014

CPUC Slams PG&E with $14M Fine, OKs Higher Pipe Pressure

California regulators on Thursday applied both the carrot and the stick to Pacific Gas and Electric Co.’s (PG&E) natural gas pipeline operations.

December 23, 2013

UBS: Efficiency Gains Mean More Fracking Capacity

The pressure pumping industry is becoming more efficient and learning “to do more with less,” adding overall capacity for hydraulic fracturing (fracking) operations but also oversupplying the market and keeping pumping prices competitive for the next 12-18 months, according to analysts at UBS Securities LLC.

September 26, 2013
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