US Drillers Add Oil Rigs For 10th Week In A Row
Drillers added four oil rigs in the week to Jan. 6, bringing the total count up to 529, the most since December 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on Jan. 6.
Sale On: Exports And The Future Of Energy
An expanded Panama Canal opens up opportunities for U.S. exporters, especially in LNG and ethane markets.
Chesapeake Sells Second Haynesville Package For $465 Million
Chesapeake has now either signed or closed about $2.5 billion of divestitures in 2016—exceeding its goal for the year by about $500 million.
Patterson-UTI To Buy Seventy Seven For $1.76 Billion
Patterson-UTI will have more than 1.5 million hydraulic fracturing horsepower following the closing of the transaction, the U.S. driller said.
Matador Waves Past 2016 With Delaware Deal, Cash
The company is focusing on the Delaware Basin and idling new activity in its holdings in the Eagle Ford Shale.
Trump Taps Congressman, Former SEAL Ryan Zinke As Interior Secretary
Zinke's choice was something of a surprise since some Republican officials wanted him to challenge Democratic U.S. Senator Jon Tester of Montana in the 2018 elections.
Trump Cabinet Positions Fill Up With Oil, Gas Advocates
A few Republicans questioned the appointment of ExxonMobil CEO Rex Tillerson as Secretary of State due to his dealings with Russia.
EPA Reverses Course With New Fracking Study
Fracking can contaminate drinking water under "some circumstances," the EPA said in a Dec. 13 report, which changes a previous finding that the drilling process does not cause "widespread, systemic" effects.
Report: Exploration Spending Could Dip Further In 2017
But exploration should return to profitability next year, partly driven by lower costs, according to an energy consulting firm.
Chesapeake Sells First Of Two Haynesville Packages For $450 Million
The deal covers 78,000 net acres, with slightly more than half—40,000 net acres—considered core to Chesapeake. (Updated: 10:54 a.m. CT Dec. 6)