Recovery

Millions Available for Oil, Natural Gas Recovery Enhancements, Says DOE

The U.S. Department of Energy’s (DOE) Office of Fossil Energy is offering up to $88 million total in research and development grants for projects to improve enhanced oil recovery (EOR) and unconventional oil and natural gas production.

January 15, 2019
North American Equipment Going ‘Where It’s Loved The Most,’ Not Everywhere, Says Baker Hughes Chief

North American Equipment Going ‘Where It’s Loved The Most,’ Not Everywhere, Says Baker Hughes Chief

Activity across North America is on the “cusp” of recovery, but pricing improvements will be muted by overcapacity that threatens a near-term, full-throttled rally, Baker Hughes Inc. CEO Martin Craighead said Thursday.

January 26, 2017

Under Trump, Predictions of OFS Revival, Brief Lame Duck Session

Analysts with Evercore ISI said they expect the oilfield services (OFS) sector will enjoy a “vigorous recovery” under a future Trump administration, complete with increasing rig and well counts and a recovery in commodity prices.

November 9, 2016
Weatherford’s Surprising Uptick in North American Onshore Called ‘First Step’ in Recovery

Weatherford’s Surprising Uptick in North American Onshore Called ‘First Step’ in Recovery

Weatherford International plc reported a big uptick in its North American operations during the third quarter, with revenue rising 12% sequentially, which bodes well for strength across other product service lines going forward, the CEO said Wednesday.

October 26, 2016

Whiting Positioning For Recovery, Increasing Activity in Williston

A few quarters at $50/bbl oil could see Whiting Petroleum Corp. return to double digit production growth, management told investors during the company’s quarterly earnings call last week.

August 3, 2016
E&Ps See ‘Light at the End of a Tunnel and Not an Oncoming Train,’ Says Halliburton CEO

E&Ps See ‘Light at the End of a Tunnel and Not an Oncoming Train,’ Says Halliburton CEO

The North American onshore industry has shifted its thinking towards recovery, and Halliburton Co.’s second quarter results likely represent the bottom as exploration and production (E&P) companies look ahead to growth, CEO David Lesar said.

July 20, 2016
North America ‘Coming Off’ Bottom but Recovery Shaky, Says Halliburton CFO

North America ‘Coming Off’ Bottom but Recovery Shaky, Says Halliburton CFO

North America’s oil and gas industry is “coming off the bottom,” but the recovery is unlikely to be a straight line, Halliburton Co.’s financial chief said Tuesday.

June 22, 2016
NatGas Could Hit $3.50 in 1H2017, Spur Recovery in Legacy Drilling, Goldman Analyst Says

NatGas Could Hit $3.50 in 1H2017, Spur Recovery in Legacy Drilling, Goldman Analyst Says

A cyclical recovery in legacy shale drilling will be needed to balance the market beginning in 2017, pointing to natural gas prices of $3.00-3.50/MMBtu to stimulate exploration and production (E&P) activity, according to Damien Courvalin, global head of energy research for Goldman Sachs.

June 14, 2016

Yergin Sees Beginnings of Oil Market Recovery

The global oil and natural gas industry is beginning its long-awaited recovery, but crude oil prices likely will remain in the “$50 orbit” during the third quarter, energy expert Daniel Yergin said Monday.

June 8, 2016
Early Recovery Predictors Missed It by ‘Country Mile,” Texas Economist Says

Early Recovery Predictors Missed It by ‘Country Mile,” Texas Economist Says

Year-over-year oil/natural gas production declines in the Lone Star State are expected to take hold and gather pace during the year, an industry economist said in Houston Tuesday. But recovery is still far off, with pain enough left for everyone in the meantime. When there is a recovery, crude oil will see it first, he said.

January 27, 2016
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