Tag: rig
The future of the land rig – Westwood Global
Rig and crew services remain highly-significant part of supply chain By Steve Robertson, Head of Research, Global Oilfield Services, Westwood Global Energy Group Land rigs – a fragmented, undisciplined, commoditised market? Why would rig contractors and E&P companies buy land rigs when oil prices are at recent historic lows, E&P firms are reigning-in Capex and there […]
Canadian May rig count down 23, US count up 40 – Baker Hughes
Worldwide rig count for May 2017 was 1,935, up 18 Baker Hughes Incorporated announced the international rig count for May 2017 was 957, up 1 from the 956 counted in April, and up 2 from the 955 counted in May 2016, according to a press release. The international offshore rig count for May was 202, […]
OPEC cuts might have biggest impact in North America – Fitch
Fitch believes a substantial amount of shale oil production could be ‘turned on’ at a sustained $55-$60 level NEW YORK & CHICAGO- OPEC’s latest announcement may end up having the biggest regional impact in the US, given the high sensitivity the shale sector has to oil prices and any subsequent changes in oil pricing, according to […]
Resolute Energy sells Permian Basin mid-stream assets, ready for Delaware Basin expansion
Sale proceeds will be used to reduce debt, fund development in Delaware Basin Denver-based Resolute Energy has sold gas gathering and water handling systems in Reeves County, Texas to an undisclosed Permian Basin midstream company for up to $110 million. The projects are currently operated by Resolute in its Appaloosa and Mustang project areas, the company said in […]
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