Westwood Expands Into US Shale Market With Acquisition Of Energent
The acquisition includes proprietary and detailed well-lifecycle data comprised of drilling pad trends, well completions metrics, frack sand and downhole chemicals with analysis and interpretation.
Wood Group Estimates Higher Cost Savings From Amec Foster Deal
Wood Group said it expected about 36% more cost savings from its deal to buy Amec Foster for 2.2 billion pounds (US$2.7 billion) than it first estimated when announcing the deal in March.
BP Reportedly Agreed To Cut CEO Bob Dudley's Maximum Pay
Sky News said that Dudley's maximum annual pay over the next three years will now be about 12.2 million pounds (US$15.22 million) including his salary, an annual bonus and a long-term share incentive plan.
Samson Resources Hires Advisers For Strategic Review
Samson Resources II LLC is undergoing a strategic review following its acquisition of substantially all of the assets of Samson Resources Corp. emerged from Chapter 11 bankruptcy on March 1.
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.
Newly-Formed Titan Rock Eyes A&D With Equity Commitment
The Dallas-based E&P is focused on the acquisition and development assets in North America, with a primary focus on the Haynesville Shale of East Texas/North Louisiana and the Permian Basin.
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.
Texas Permian, Eagle Ford Jobs Hit-And-Miss In Third-Quarter 2016
Midland County, Texas, led the nation with the largest decrease in employment among large cities, while Irion County weekly pay was second-highest among small Texas counties.
Enterprise Acquires Bankrupt Azure's Gas System
Enterprise Products Partners will acquire natural gas gathering pipelines serving the Haynesville, Bossier, Cotton Valley and Travis Peak formations for $189 million as part of a bankruptcy auction.