Halliburton Co. and Baker Hughes Inc. are beginning to see an upturn in U.S. and Canadian oilfield services following a tumultuous three-year period, which witnessed a six-month moratorium in the deepwater Gulf of Mexico (GOM) and a frenzied shift in onshore drilling activity from natural gas fields to liquids targets.
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Halliburton, Baker See Upturn in U.S., Canada
Halliburton Co. and Baker Hughes Inc. are beginning to see an upturn in U.S. and Canadian oilfield services following a tumultuous three-year period, which witnessed a six-month moratorium in the deepwater Gulf of Mexico (GOM) and a frenzied shift in onshore drilling activity from natural gas fields to liquids targets.
KKR Continues Shale Rampage with RPM Energy Partnership
RPM Energy LLC and Kohlberg Kravis Roberts & Co. (KKR) have formed RPM Energy Partners LP to target joint venture opportunities with exploration and production companies in unconventional plays. They offer RPM’s expertise and KKR’s deep pockets.
Energy Futures Values Plunge as U.S. Economic Picture Remains Bleak
After a fairly lazy Monday in the markets, energy traders on Tuesday witnessed a shake-up as economic concerns in the United States spurred a significant liquidation in the liquids and natural gas futures. Despite storm uncertainty swirling in the Atlantic, August natural gas put in a low of $11.376 before closing at $11.477, down 48.2 cents from Monday’s finish.