Encana continues to successfully advance its five-year plan, which it expects will deliver industry-leading cash flow growth and returns. The company's Montney asset plays an integral part in this plan and will contribute significant high-value condensate, non-GAAP cash flow and margin growth
You wouldn’t think an oilman would draw inspiration from Roy Disney, whose uncle turned a cartoon mouse into a U.S. icon, when things get tough. But that’s exactly what Mark Siegel, the chairman of Patterson-UTI Energy Inc., said he did on Dec. 13, when his company’s value plunged the day after it announced a $1.4 billion deal for rival Seventy Seven Energy Inc.
As the North American shale revolution has evolved, spawning new technologies and strategies for drilling and completing horizontal wells with longer laterals and increased frac staging, the upstream oil and gas industry is still learning how to construct wells for maximum, long-term production.
The worst may not be over for everyone in Canada’s oil patch even as crude prices show signs of stability.
GEODynamics, Inc.’s Engineered Perforating Solutions Division has begun field testing of the latest addition to the family of multi-stage-plug-and-perf products.
Packers Plus Energy Services Inc. has announced the ongoing success of cemented hybrid completions in Canada, using TREX Cemented Diffusor Sleeves and Hydraulic Toe Sleeves in combination with other completion methods.
Rystad Energy research shows a massive workforce reduction in the oilfield service industry during 2014 to 2016, but service companies within the shale business are now starting to recruit again and are expected to do so in offshore later this year.
Source Energy Services Ltd., Canada’s largest distributor of fracing sand, or proppant, is seeking to raise C$175 million ($130 million) in an initial public offering, reviving the deal after it was postponed last month as oil prices fell, according to people familiar with the sale.
Packers Plus Energy Services Inc. recently worked with Compañía General de Combustibles (CGC) to complete a 10-stage StackFRAC HD multi-stage system, the first well completed with ball-activated technology in southern Argentina's Santa Cruz province.
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that operations on the 205/23-3A well (the Halifax well) are complete.
Newfield Exploration Company, in conjunction with the Company's participation in this week's Scotia Howard Weil Energy Conference, has provided an interim update on its recent enhanced completions in the Anadarko basin's STACK play and raised expectations for its first-quarter 2017 domestic production.
BP announced another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt.
The Petroleum Services Association of Canada (PSAC) was pleased to hear the federal government will provide a one-time payment of $30 million to the Government of Alberta to “support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.”
Anadarko Petroleum Corporation recently announced its 2017 initial capital program of $4.5 to $4.7 billion along with its 2017 initial capital expectations and guidance.
Chaparral Energy announced today that it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy protection. The company, whose financial reorganization plan was confirmed by the U.S. Bankruptcy Court of Delaware on March 10, converted $1.2 billion of pre-petition debt to equity and eliminated approximately $100 million of annual interest expense.
TechnipFMC has been awarded a contract by ENI Ghana E&P Limited (a subsidiary of ENI, GNPC and Vitol), for the onshore part of the OCTP(2) development of Sankofa field, offshore Ghan
Source Energy Services Inc., Canada’s largest distributor of fracing sand, has cut the size of its initial public offering to about C$250 million ($187 million) from C$300 million amid a decline in oil prices, according to a document obtained by Bloomberg News.
Weatherford International announced today that its facility in Macaé, Brazil, received API Specification Q2 certification. To gain certification, a facility must demonstrate a robust quality management system that assures personnel competency, risk assessment, contingency planning and other key elements.
Fracking service provider STEP Energy Services Ltd. postponed its planned initial public offering, according to people familiar with the matter, after oil prices fell making market conditions less favorable.
DynaEnergetics has introduced two new product dimensions to its line of DynaStage factory-assembled well perforating systems, which are now available in 3 3/8-in. and 2 3/4-in. diameters, in addition to the original 3 1/8-in. model.