Innovex Closes $104MM Acquisition of Downhole Well Solutions
Innovex International paid $103.7 million in cash and stock for Downhole Well Solutions, according to a Securities and Exchange Commission filing.
EON Enters Funding Arrangement for Permian Well Completions
EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.
EIA: NatGas in Storage Drops for Second Week in a Row
Natural gas prices dip after a positive trend for most of November.
U.S. Natgas Drops Nearly 5% on Forecasts for Less Cold Demand, Rising Output
U.S. natural gas futures fell nearly 5% to a more than a one-week low on Monday, pressured by an increase in output and forecasts for less cold weather expected to lower heating demand over the coming week. Front-month gas futures for January delivery on the New York Mercantile Exchange were down 15.2 cents, or 4.5%, …
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The Wrong Oil Price Is Truthfully a Problem for OPEC+
The cartel needs to be more honest about the implications of its drive to keep crude prices high. By Javier Blas The best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the truth! A senior official of the OPEC+ oil cartel has said publicly what many thought privately — the …
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Trump’s Low Oil Price Promise is a Risk and a Boon for Emerging Markets
Summary Uncertain economic outlook could add to oversupply Lower prices accompanied by a trade war could damage economies Trump’s sway over prices is limited NEW YORK/LONDON, Dec 2 (Reuters) – Donald Trump has promised to “drill, baby, drill” to halve energy costs, a plan that sends shivers through the governments of emerging market oil producers anxious about …
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Winter is here. Harsh conditions won’t suspend road construction.
Transporting construction and drilling equipment with heavy wheel loads is extremely challenging across soft ground, dense muskeg, or oversaturated clays—conditions typical of the oil sands regions of Athabasca, Peace River, and Cold Lake. These challenges are compounded by extreme winter weather and frozen ground. To make matters even more difficult, limited road-building resources make constructing …
Winter is here. Harsh conditions won’t suspend road construction. Read More »
Do You Have Storage Rooms Full of Paper Land Agreements & Project Files?
Paper-to-Polygons at Your Service The Unfortunate Reality of Data Storage Today It’s common for established energy companies to have amassed mountains of paper files through their acquisition work. Searching for, reporting on, and interpreting this information on a map is slow and painful. Making fast and informed project decisions while verifying and processing file information …
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Tank Talks Series: Behind the Scenes of Liquid Nitrogen Technology
At Kathairos Solutions, we’re always looking for ways to showcase the innovative technology driving our zero-emissions solutions. That’s why we partnered with Jessica Godfrey, Perma-Cyl Product Manager at Chart Industries, to bring you Tank Talks—a three-part video series diving into the incredible functionality of the tanks behind the Kathairos solution. From design to deployment, Jessica …
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Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.