Archives for 2019
Drilling Down: Shell drills on state-owned lands in Permian Basin
European oil major Royal Dutch Shell filed for six horizontal drilling permits with the Railroad Commission of Texas for projects on five leases split between Winkler and Loving counties in the Permian Basin of West...
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U.S. rig count dips ahead of traditional holiday slump
The number of active drilling rigs in the United States dipped just ahead of the holidays, a time when exploration and production companies traditionally start to wind down activity. Source: FuelFix
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Another record year expected for Gulf of Mexico oil production
The U.S. Gulf of Mexico is expected to set another year of record oil production in 2020 with most of the growth coming from deepwater projects, according to a new study. Source: FuelFix
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U.S. Silica to cut jobs
The Katy sand mining company U.S. Silica said it will cut 230 jobs, or about 10 percent of its workforce, as it contends with a slowdown in the nation’s shale oil and gas fields. Source:...
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Billionaire fracking brothers hammered by Permian holdings
Farris and Dan Wilks hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion, giving them ample resources to fund their interests in land, politics and...
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