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Spraberry/Wolcamp leader PioneerNatural Resources saw one of its largest quarterly profits at $374 million in 3Q14, almost tripling YOY, even with oil prices dropping since July. Pioneer reported the company's total 3Q14 production increased more than 20% YOY at ~180,000 boepd.

By PLS

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Over the last months, Linn Energy has been in the Hugoton Basin. The company closed a trade with ExxonMobil in addition to other separate acquisitions from Pioneer ($340 million) and Devon ($2.3 billion) to beef up their presence in the region.

Article by PLS

 

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 NEW YORK (AP) — In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion.


JONATHAN FAHEY, AP Energy Writer

 

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The U.S. Energy Information Administration released a new report on domestic gasoline prices and some groups, like theProducers for American Crude Oil Exports, say it shows Americans would not face higher gas prices if crude oil exports were allowed. Additionally, PACE believes the report demonstrates how outdated America's oil export ban is, Royalty Owners and Producers Educational Coalition reported.

November 12, 2014
By PennEnergy Editorial Staff

 

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U.S. Rig Count is up 3 rigs from last week to 1928, with oil rigs up 10 to 1578, gas rigs down 6 to 350, and miscellaneous rigs down 1 to 0.
 

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SGF Global is a global leader with over 20 years’ experience providing recruitment solutions. Supporting clients in over 35 countries around the world, SGF is a proven source of value, sourcing and delivering top human capital on time and within budget. We are looking for a DIRECTIONAL DRILLER The candidates must fulfill with the following profile: Minimum 5 years of experience as an oilfield directional driller. 2- or 3-year Associate degree from technical college, or bachelor's or master's degree in engineering or applied science. e-mail: jginsberg@sgfglobal.com 

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The International Energy Agency has warned the glut in the oil market from the shale boom in the US is masking the threats to the oil industry, specifically the geopolitical situation in the Middle East, the Ukrainian conflict and the difficulty of shale production beyond North America.

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Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website.

 

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TotalDepthTraining has recently released a new ONLINE training resource aimed at Directional Drillers, Well Planners and Engineers. 

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W-Technology Link is a manufacturing company based in Houston, Texas specializing in the design and development of rotatable connectors and down-hole components for the upstream oil and gas industry.

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