Jaxon
Caines
Hart Energy
Nabors’ High-spec Rigs Help Keep Lower 48 Revenue Stable in 2Q
Nabors’ second quarter EBITDA was down 1% quarter-over-quarter but the company sees signs of increased drilling activity in international markets the second half of the year.
Helmerich & Payne to Acquire KCA Deutag for $2B
H&P expects the acquisition of KCA Deutag to expand its international footprint, particularly in the Middle East, and enhance its global onshore drilling role.
Despite Slowing NAM Activity, Weatherford Declares First-ever Dividend
Weatherford reported a softer North America market but strong overseas growth, leading the company’s board to authorize its first share buyback program and first quarterly dividend.
Crackin’ It at Kraken: Inside the Bakken’s Ramped-up Private E&P
Kayne Anderson-backed Kraken Resources is producing more than 80,000 boe/d today and has a new Fitch Ratings credit score to take to the M&A bank.
SLB Collaborates with Aker BP on AI-driven Digital Platform
SLB and Aker BP’s partnership will build a digital platform that will benefit Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase crude production.
Pitts: Oh, What a Tangled Web the Supermajors Weave
Exxon and Chevron and Guyana and Venezuela—‘Let’s Make A Deal’ meets ‘Love, South American Style.’
Archrock Offers Common Stock to Help Pay for TOPS Transaction
Archrock, which agreed to buy Total Operations and Production Services (TOPS) in a cash-and-stock transaction, said it will offer 11 million shares of its common stock at $21 per share.
Private Equity Firms Buy Pipe-coating Company MCIP
Milestone Capital and D2 Equity Capital acquired purchased a majority interest in family-owned pipe-coating business MCIP.
CNOOC Encounters High Yield Well in Beibu Gulf
CNOOC’s well was tested to produce over 1,000 cu. m/d of oil equivalent, making it the first well of such productivity in the Wushi Sag area.
Permian Basin Coalition Highlights Philanthropic Investments
Since 2019, the Permian Strategic Partnership has doubled its membership and used philanthropic investments to generate more than $1.5 billion in community support and collaborative investment.