Laramie Receives $55 Million Investment, Completes Piceance Acquisition
The acquisition totals 71,000 net operating and nonoperating acres. The transaction also includes 5,000 drilling locations.
ARB Midstream Acquires InCorr Energy Group
InCorr markets crude oil from producing regions including the Bakken, Powder River Basin, Uinta and D-J Basin. InCorr provides marketing, storage, and pipeline solutions to producers, refiners, and midstream companies.
Rocky Mountain Drillers Look For Opportunity Elsewhere
Contractors in the greater Rocky Mountain market see some capex available for operators in 2016, but suspect it will be directed to leasing. Several expect full recovery in by 2018.
Rocky Mountain Well Service Firms Considering Further Wage Cuts
Contractors in the Rockies outside the Bakken Shale hunker down and await 2016 capex plans from operators. Routine maintenance accounts for 59% of job mix in the region.
Vertical Drilling Regains Interest In Greater Rockies
Challenging commodity prices prompt greater Rockies operators to look at alternatives to oil and gas exploration. Judging by comments among survey respondents, $36 oil doesn’t work economically.
Winter Weather, Falling Demand Wallop Greater Rockies Pressure Pumpers
Until commodity prices recover, service providers in the greater Rockies region are working at cash cost and scrambling to hold on. Companies insist pricing will not fall any further.
Occidental Promotes Vicki Hollub To President, COO
As part of a succession plan, Hollub is set to replace Stephen I. Chazen as CEO effective at the Houston company’s 2016 annual shareholder meeting.
Bill Barrett Seeks Buyer For Remaining Uinta Acreage
A sale for the company’s remaining 120,000 net acres in the Uinta Basin is expected to be completed during the first quarter of 2016.
Bill Barrett Closes Uinta, D-J Basin Divestitures
The buyers weren't disclosed. Net cash proceeds totaled about $56 million, subject to customary post-closing purchase price adjustments.
Hooley Will Join Nighthawk Energy As CFO
Richard Swindells, CFO, and a member of the board, will leave the company effective Nov. 7 and will resign as company secretary and as a director, the company added. Swindells began working for Nighthawk in the U.K. in 2011.