North America, Technology Lift Schlumberger To Profit
North America revenue grew by 6% to $1.9 billion, while international revenue dropped by 7% to about $4.9 billion compared with the previous quarter.
Crude Oil, Gas Outlook: The New Bullish
For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.
Schlumberger Sees Pricing Improve But Costs Weigh On Margins
The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.
US-Mexico Natgas Pipeline Exports Fall While LNG Deliveries Rise
U.S. natural gas pipeline exports to Mexico fell to their lowest level since June 2015, while the first tankers from the United States started delivering LNG to Mexico's Gulf Coast.
Permian Basin’s $21 Billion Haul Leads Record First-Quarter A&D Activity
However, sellers’ value expectations may lead to a widening of the bid-ask spread, PwC said.
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.
USGS: Haynesville, Bossier Gas Resources Largest Ever Examined
Seven years since its last assessment, additional drilling and data show the shale plays outshine the Marcellus and Utica, both of which were last assessed at the beginning of the decade.
Vine Resources Files $500 Million Haynesville Shale IPO
Speculation over potential Haynesville IPOs has included Vine and 2016 deal makers Indigo Minerals and Covey Park Energy.
EXCO Sells Eagle Ford Shale Assets In $300 Million Deal
The Dallas-based company plans to use proceeds to fund the development of its core Haynesville and Bossier shale assets.