Frank’s International NV, whose operations are based in Houston, has agreed to buy cross-town competitor Timco Services Inc., a move that would expand its oilfield services in the United States, especially in the Eagle Ford Shale and Permian Basin.
E&P
Articles from E&P
Canada Proposes New Class of Rail Tank Car, Phase Out of Old Cars by 2025
Canadian regulators have proposed introducing a new class of tank cars to transport flammable liquids by rail, requiring shippers to begin phasing out what they consider to be the most dangerous rolling stock for crude oil in two years for a complete transition by 2025.
March 12, 2015
Production, Prices Crash in North Dakota
North Dakota oil and natural gas production fell sharply at the start of this year, dropping from all-time highs at the end of last year. The backlog of uncompleted wells is expected to climb as the rig count falls between now and summer.
March 12, 2015
Alberta Oilsands NatGas Demand to Drive NGTL Expansion
Traffic on TransCanada Corp.’s western pipeline grid, Nova Gas Transmission Ltd. (NGTL), will increase by 42% over the next 10 years as thermal oilsands production grows and spreads across northern Alberta, the system’s planners said.
March 12, 2015
Permian Offering Big Advantages, Price-Wise, for Chevron
Chevron Corp. has dropped some rigs in the Permian Basin this year; but, it’s not because of lower commodity prices. In fact, the operator is as enthusiastic as ever about the legacy play, where efficiencies in completions are leading to more production for the buck.
March 11, 2015
Big Seven NatGas, Oil Production to Slow in March-April, EIA Says
Production from the nation’s seven most prolific shale and tight oil plays will slow coming out of the winter months, with natural gas production expected to increase less than 0.5% between March and April, and oil production remaining almost unchanged, according to the Energy Information Administration (EIA).
March 10, 2015
Texas Lawmakers Hear Cry For Crude Exports
Not exporting U.S. crude oil is leaving billions of dollars on the table to be scooped up by Saudi Arabia and Russia, oil and gas interests said at a Texas House joint committee hearing Monday where lawmakers considered resolutions urging Washington to set U.S. oil free and hasten export approvals for liquefied natural gas (LNG).
March 10, 2015
North Dakota Oil/Gas Economic Output Reached $43B in 2013, Study Finds
Since 2005, North Dakota’s oil and natural gas industry economic output jumped by 750%, topping $43 billion in 2013, according to a study released Tuesday by North Dakota State University (NDSU).
March 10, 2015
Fires, Spill Mar Weekend in North Dakota’s Bakken
No injuries or environmental disasters resulted last weekend as North Dakota’s Bakken was hit by two wellsite fires, and a separate saltwater release northeast of the city of Williston, ND. The state Department of Mineral Resources (DMR) dispatched inspectors to the scene of each incident.
March 10, 2015
Carbo Mothballs Proppant Facility
Carbo Ceramics Inc. is mothballing a proppant manufacturing facility in McIntyre, GA, due to a lack of business.
March 10, 2015
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