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BLM Issues Preliminary Approval for 5,000-Well Drilling Oil and Gas Project in Wyoming
August 5, 2020
After more than five years in the making, several producers moved a major regulatory step closer to developing a potential 5,000-well oil and natural gas project on federal land in Wyoming, but current market realities present new risks. “This proposed
Continental Resources to Resume Most Curtailed U.S. Shale Production
August 5, 2020
U.S. shale oil producer Continental Resources on Tuesday said it plans to resume most curtailed production, adding prices need to rise further for a significant rebound in overall industry activity. Supply and demand are rebalancing, but current prices near $40
Brouillette Remains Optimistic About Future of Oil and Gas
August 5, 2020
U.S. Energy Secretary Dan Brouillette is optimistic that the nation’s oil boom will return in some shape or form. It’s what he shared Friday with reporters in Houston, presenting a message directly to the tens of thousands of laid-off oil
Shell Completes Sale of Appalachia Assets to National Fuel for $541 Million
August 5, 2020
SWEPI LP a subsidiary of Royal Dutch Shell, has completed the sale of its Appalachia shale gas position to Seneca Resources Company, LLC and NFG Midstream Covington, LLC , each of which are subsidiaries of National Fuel Gas Company (“NFG”).
Marathon Petroleum to Sell Speedway to 7-Eleven for $21 Billion
August 5, 2020
Marathon Petroleum has agreed to sell its Speedway business to Seven & i Holdings’ wholly owned subsidiary, 7-Eleven for $21 billion in cash. The after-tax proceeds from the sale are estimated at $16.5bn, which will be used the company to
Entech’s Superstage® Pinpoint Stimulation Finds Partner in Chevron Technology’s Catalyst Program
August 4, 2020
Entech Solutions AS, a Norwegian oilfield technology company focused on the commercialization of downhole products, launched Superstage® Pinpoint Stimulation (SPS) to meet the needs of high intensity stimulation in increasingly long horizontal wells. Superstage® joins Chevron Technology Ventures’ (CTV) Catalyst
Hexion and Wayfinder Form Canadian Partnership to Serve Resin Coated Proppant Users
August 4, 2020
Hexion and Wayfinder entered into a partnership to better serve resin coated proppant users in the Western Canadian Sedimentary Basin. This strategic partnership joins Hexion’s leading resin and chemical expertise with Wayfinder’s new state-of-the-art manufacturing facility and logistics network. The
FirstEnergy Transmission Project Underway in Altoona, Pa.
August 4, 2020
As part of its ongoing Energizing the Future investment program, Mid-Atlantic Interstate Transmission (MAIT), a transmission subsidiary of FirstEnergy Corp., has begun construction of a new transmission line in Altoona, Pennsylvania. The new line will provide flexibility to the transmission
Tallgrass Energy’s Cheyenne Connector and Rockies Express Piplines Commences Commercial Service
August 4, 2020
Tallgrass Energy’s Cheyenne Connector pipeline and the Rockies Express Pipeline (REX) Cheyenne Hub Enhancement Project commenced commercial service June 26, 2020. Tallgrass owns 50 percent and operates Cheyenne Connector; DCP Midstream, the D-J Basin’s leading provider of integrated gathering, processing
OleumTech® Opens New Permian Basin Office, Training Center in Midland, Texas
August 4, 2020
OleumTech®, a leading provider of wireless industrial automation and IoT solutions, has opened a new office with a state-of-the-art training facility located in Midland, Texas. The office will primarily serve as a training facility to accommodate and support customers in
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