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Permian Basin producer brings oilfield services in-house. Example of a new trend?

USA

Permian Basin-based Amazing Energy Oil and Gas buys Jilpetco Inc., Gulf South Securities, Inc. to improve efficiencies, lower costs American oil and gas producers are pulling out all the stops to drive down costs in a low-price environment, including using in-house staff and equipment to service their wells instead of contracting to service companies. This sort of […]

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Opinion: Every day, oil and natural gas support Texas in everyday ways

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Oil, natural gas production, transportation, refining are keeping Texas economy strong and provide energy security for the nation By Todd Staples, TXOGA It’s back-to-school season and as you stroll the aisles with your school supply list in hand, oil and natural gas is probably not top of mind. But, you know what would be interesting? Take this challenge:

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Texas oilfield relief initiative announced by Railroad Commission

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“With the current industry downturn, at stake is the survival of the state’s small producers and the oil industry’s many marginal wells” – Craddick AUSTIN – Railroad Commissioner Christi Craddick announced details of her Texas Oilfield Relief Initiative as the first rule amendments of the project were rolled out during the Commissioners’ open conference. The initiative

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Sequitur Energy Resources announces acquisition of Southern Midland Basin assets

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Sequitar gained a significant inventory of development opportunities in the Wolfcamp formations HOUSTON – Sequitur Permian, LLC, an affiliate of Sequitur Energy Resources, LLC, has announced the acquisition of producing properties in the Impossible and Barnyard Fields located in Reagan, Crockett, Irion and Schleicher Counties, Texas. Transaction Highlights Net current production of approximately 10,000 net Boepd

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Chesapeake Energy rumoured to be selling Barnett Shale position

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Chesapeake is focusing its capital in the Haynesville, where it’s running three rigs, with hopes to have 140 wells online by 2017 If a long-rumoured sale of Chesapeake Energy’s Barnett Shale assets comes to fruition, thousands of producing Texas wells could change hands to the tune of US$1.4 billion, according to Wood Mackenzie. Wood Mackenzie’s Lower 48

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EagleClaw Midstream Ventures to acquire PennTex Permian

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EagleClaw’s  total processing capacity increased 320 MMcf/d, with additional 75,000 acres for drilling in the Permian Basin MIDLAND, Texas – EagleClaw Midstream Ventures, LLC announced the company entered into an agreement to acquire PennTex Permian, LLC a wholly owned subsidiary of PennTex Midstream Partners, LLC, in a press release. Primarily located in Reeves County, Texas, PennTex Permian’s assets include a cryogenic processing

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