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Colorado Couple Reach North Dakota as Part of Their Oil Field Appreciation Tour
August 18, 2020
A Colorado couple found their way to North Dakota to show a little appreciation for oil and gas industry workers. This Friday from 4:30 to 8:30 p.m. at Copper Tip Energy Services in Williston there will be free food, drinks,
Southwestern Energy to Acquire Montage Resources
August 17, 2020
Southwestern Energy Company and Montage Resources Corporation have entered into a definitive merger agreement under which Southwestern Energy will acquire Montage Resources in an all-stock transaction. “This is an exciting step for Southwestern as we expand our Appalachia footprint with
ConocoPhillips Gets Green Light for Alaska Oil Project
August 17, 2020
The Trump administration on Friday approved U.S. oil producer ConocoPhillips’ plan to drill in the Alaska National Oil Preserve, a wilderness area along the North Slope oil fields. The Bureau of Land Management has issued a final environmental impact statement
Chaparral Energy Files for Chapter 11 Bankruptcy
August 17, 2020
Oklahoma shale driller Chaparral Energy Inc filed for Chapter 11 bankruptcy protection on Sunday, the latest U.S. energy sector casualty in recent months as COVID-19 crushes oil demand. The company’s assets and liabilities were in the range of $500 million
Weatherford and INT Expand Collaboration to Create 2D, 3D Real-Time Well Visualization
August 17, 2020
Weatherford International has strengthened collaboration with upstream data visualization provider INT to provide next-level, real-time well visualization in both 2D and 3D. Weatherford will embed INT’s IVAAP framework into the Weatherford Centro™ digital well delivery software, advancing its data visualization
Phillips 66 to Transform San Francisco Refinery into World’s Largest Renewable Fuels Plant
August 17, 2020
Phillips 66 said it plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant would no longer produce fuels from crude oil, but instead would make fuels from used cooking oil, fats, greases, and
Energy Secretary Brouillette: Oil and Gas Industry Can Be Vehicle for Economic Recovery
August 14, 2020
The U.S. oil and gas industry, which leads the world in production, is a vehicle for recovery from the pandemic-driven economic downturn, Energy Secretary Dan Brouillette said Wednesday in a virtual, round table discussion with Colorado policy and business leaders.
Empire Petroleum Enters Joint Development Agreement with Petroleum Independent & Exploration
August 14, 2020
Empire Petroleum Corporation has completed an equity transaction and a field level debt issuance, fully funding a substantial workover/recompletion program at its recently-acquired properties in East Texas, specifically, the Fort Trinidad Field in Houston and Madison Counties. As a result
Independent Producers Ponder Effects of a Biden Administration
August 14, 2020
Independent oil and gas producers did not have the best relationship with the Obama administration, but most industry executives seem uncertain about what effect a victory for former Vice President Joe Biden in the 2020 election would have for their
Canadian Natural Resources to Acquire Painted Pony Energy for $461 Million
August 13, 2020
Canadian oil and gas company Canadian Natural Resources has agreed to acquire Painted Pony Energy, a natural gas producer, for $461 million. The transaction amount includes assumption Painted Pony’s total debt of approximately $350 million. Painted Pony is mainly focused
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