Archives for December 2019
Canadian frac sand company expands operations while industry shrinks
Canadian frac sand company Select Sands is expanding operations at a time when declining demand is prompting others in the industry to scale back their operations. Source: FuelFix
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Halliburton to lay off dozens in California
Houston oilfield service giant Halliburton is laying off dozens of employees in California amid an ongoing slump in drilling and completion activity in the United States and Canada. Source: FuelFix
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Rig count drops below 800 as Texas operators pull back
The U.S. oil and gas rig count fell below 800 this week, declining by three, according to the Baker Hughes rig count.The total number of operating oil and gas rigs is 799, still sitting at...
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Report: U.S. oil producers burning record amount of natural gas
U.S. oil companies are wasting a record amount of natural gas instead moving it to market and selling it, a new report from the Energy Information Administration shows. Source: FuelFix
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OPEC+ finalizes deal to cut 500K additional barrels through March
OPEC, Russia and its allies agreed Friday to cut an additional 500,000 barrels a day through March in a new deal that was strengthened by Saudi Arabia’s vow to stay well below its production quota...
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