http://www.worldoil.com WorldOil Lufkin Industries acquires Schlumberger’s North American rod lift business https://www.worldoil.com/news/2020/11/2/lufkin-industries-acquires-schlumberger-s-north-american-rod-lift-business Lufkin Industries announced that it has completed the acquisition of the North American Land Rod Lift Business of Schlumberger. Executive orders would give Biden options to limit oil and gas production https://www.worldoil.com/news/2020/10/22/executive-orders-would-give-biden-options-to-limit-oil-and-gas-production There are several ways Biden could halt fracking on federal lands using executive power. He could ban new oil and gas leases, halt new permits, or seek a specific regulatory ban on fracking, all of which Biden has telegraphed at one point or another on the campaign trail. U.S. shale mergers reshuffle the oil production landscape https://www.worldoil.com/news/2020/10/21/us-shale-mergers-reshuffle-the-oil-production-landscape “There’s only going to be three or four independents that are investable by shareholders” after the recent market rout, Pioneer CEO Scott Sheffield said on a conference call with analysts. “The best companies have been picked off the past few weeks.” Halliburton CEO sees a rebound coming for U.S. shale drilling https://www.worldoil.com/news/2020/10/19/halliburton-ceo-sees-a-rebound-coming-for-us-shale-drilling “The pace of activity declines in the international markets is slowing, while the North America industry structure continues to improve, and activity is stabilizing,” Halliburton CEO Jeff Miller said in a statement. As U.S. drilling plummets to 122-year low, losses may intensify in second half https://www.worldoil.com/magazine/2020/september-2020/global-mid-year-forecast/as-us-drilling-plummets-to-122-year-low-losses-may-intensify-in-second-half The catastrophic demand decline initiated by coronavirus lockdowns significantly damaged the U.S. oil industry, with oversupply, historically low storage capacity, and low prices. Operators responded by stacking rigs and shutting-in production. Dallas Fed sees the U.S. oil industry prioritizing output over debt https://www.worldoil.com/news/2020/9/24/dallas-fed-sees-the-us-oil-industry-prioritizing-output-over-debt After all the trauma the U.S. oil industry has been through this year -- from production cuts to mass layoffs and a string of bankruptcies -- many producers say they’re still prioritizing output over reducing debt. Biden won’t ban fracing – he’ll outlaw most U.S. drilling instead https://www.worldoil.com/news/2020/9/15/biden-won-t-ban-fracing-he-ll-outlaw-most-us-drilling-instead In a local Philadelphia TV interview, Democratic nominee Joe Biden told reporters “I will not ban fracing.” He failed to mention that his climate plan’s ban on drilling on federal property would go much further than a simple frac ban. In a post-Schlumberger world, how will the new frac services landscape change the way shale explorers operate? https://www.worldoil.com/news/2020/9/4/in-a-post-schlumberger-world-how-will-the-new-frac-services-landscape-change-the-way-shale-explorers-operate Between Halliburton and Liberty Oilfield Services, hydraulic fracturing's two major players have fundamentally different field capabilities and technology ambitions. World Oil editors discuss how the differing strategies these two companies offer will change how operators will approach future shale project developments. Liberty Oilfield Services puts Schlumberger tech in its yards, Halliburton in its crosshairs https://www.worldoil.com/news/2020/9/3/liberty-oilfield-services-puts-schlumberger-tech-in-its-yards-halliburton-in-its-crosshairs “Customer demand has told us to grow at this pace, and then deals like this come to us,” Liberty CEO Chris Wright said in an interview after the deal was announced on Tuesday. “Our goal with this acquisition is to keep getting better, but to the extent we succeed at that, it probably leads to us being the leader sometime down the road.” Are oil prices stable enough to support a U.S. shale drilling recovery? https://www.worldoil.com/news/2020/8/28/are-oil-prices-stable-enough-to-support-a-us-shale-drilling-recovery World Oil editors discuss how recent land drilling activity, and the oil price's resilience to external factors suggest that pieces may be coming into place to support the start of a U.S. shale recovery.