Trump focuses on job growth and energy security with executive action.
The company’s management and owners are creating a new investment vehicle to acquire oil and gas properties.
The JV, called OneStim, will rival Halliburton’s frack fleet in the U.S. and Canada and further shrinks the pressure pumping marketplace to the detriment of smaller companies, an analyst said.
Even with land prices shooting straight up, the Permian Basin still can make economic sense, says an RS Energy Group analyst.
Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.
Stratas Advisors predicts that the price of Brent crude will be under pressure this week with support at $50 as oil traders continue to reduce their net long positions.
Since former EOG Resources’ CEO Mark Papa’s debut blank-check company in February 2016, special-purpose acquisition companies have raised more than $1.5 billion.
The controversial pipeline will fill a takeaway need as Canadian heavy oil production surges and Mexico’s output declines.
Sand costs are rising and many sand companies, such as U.S. Silica, are seeing supplies sold out as proppant loading increases.
The firm’s energy investment and merchant banking analysts significantly cut their WTI oil price outlook for 2018.
If the Bakken were a separate country, it would rank 19th in world production, said Jack Stark, Continental COO and president.
TransCanada received approval for the 1,179-mile cross-border pipeline application by the U.S. State Department, ending a years-long battle.