Drillers added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said in its closely followed report.
Rubicon Oilfield International, backed by Warburg Pincus, acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools for an undisclosed amount.
Encana's cube development and advanced completions have led to a 20% increase in the company's Permian type curves and 700 new premium return locations.
North American natural gas hub prices were mixed in Tuesday's trading.
Schlumberger formed a JV with HEAL Systems, formerly Production Plus Energy Services, to develop the company's production optimization technology and business in the U.S. and Canada.
The tender was held about six months after the country’s successful deepwater auction and comes amid a shaky market recovery.
BP could sell Pinnacle Midstream for $300M, sources estimate.
Drillers added eight oil rigs in the week to June 9, bringing the total count up to 741, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said.
The deal marks Encana’s exit from the northwestern Colorado basin where the company held roughly 550,000 net acres and 3,100 operated wells.
Protester who disrupted Trans Mountain Pipeline was not convicted of second charge of sabotage.