Houston-Based Oilfield Service Company Launches IPO
NCS Multistage's IPO is priced between $15 and $18 per share and includes a 1.425-million-share greenshoe. Proceeds will be used to repay debt and for general corporate purposes.
EPA To Reconsider Rule On Fugitive Emissions From Oil, Gas Wells
The move signaled another retreat from climate change action after the Trump administration in March halted an effort to gather methane data from existing oil and gas operations to rein in leaks.
Interests Formerly Owned By Aubrey McClendon Up For Sale In Arkansas
Nonop interest in 1,700 producing Fayetteville and Moorefield shale wells, once owned by McClendon while he was Chesapeake’s CEO, are for sale.
Schlumberger, Weatherford JV Creates $3.8 Billion Frack Leviathan
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.
Schlumberger, Weatherford To Form OneStim JV
The JV will offer 'one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry,' according to the release.
Halliburton Warns Of First-Quarter Profit Miss As Costs Rise
The company expects its earnings per share to be in low-single digits in the quarter ending March, CEO David Lesar said on a conference call on March 24.
ICE To Offer First-Ever US LNG Futures Contract
The U.S. started exporting gas from the Lower 48 in February 2016, when the first vessel left Cheniere Energy's Sabine Pass export terminal in Louisiana.
US Oil Rig Count Rises To Most Since September 2015
The increase came despite a collapse in crude futures this week to a three-month low because the rigs activated this week were based on decisions made a couple of month ago when oil prices were higher.
Industry Awaits Legislators’ Next Move Regarding Emissions
Repeal of the U.S. Bureau of Land Management’s waste prevention rule passed the House, but awaits action from the Senate.
Politics Aside, Methane Emissions-Fighting Mission Continues
Southwestern Energy is among the oil and gas companies that have unleashed a technological arsenal to help detect and mitigate emissions.