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  • OIL MARKETS

    Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective.

    SECTIONS: OGJ150 | OGFJ100P
    COMPANIES | OIL MARKET WATCH

    Baker Hughes

    (BHI)

    Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide.

    News, Products and Stock Info

    Texas running one-quarter of all drilling rigs

    06/30/2014 With 889 rigs currently operating, Texas is running 47% of the 1,873 drilling rigs currently operating within the US, according to Baker Hughes data published June 26.

    Litigator’s thoughts on Schlumberger trade secret case

    06/13/2014 On June 10, 2014 Schlumberger Technology Corp. filed suit against a newly hired vice president of “pressure pumping” at Baker Hughes for, among other things, stealing trade secrets. Burleson partne...

    Baker Hughes to divulge hydraulic fracturing chemicals

    04/28/2014

    Baker Hughes Inc. plans to reveal the chemicals involved in the company’s hydraulic fracturing process used in its shale operations.

    Baker Hughes reports on September rig counts

    10/08/2013 Baker Hughes Inc. reports that the international rig count for September was 1,284, up 17 from the 1,267 counted in August, and up 30 from the 1,254 counted in September 2012.

    FMC Technologies appoints two new members to board of directors

    08/12/2013 FMC Technologies Inc. has appointed Clarence P. Cazalot Jr., executive chairman of Marathon Oil Corp., and Peter Mellbye, former executive vice president of development and production of Statoil AS...

    Permian Basin enjoying a revival

    08/05/2013 While the first Permian Basin well was drilled back in 1925, the liquids-rich area, comprised of the Midland Basin, the Delaware Basin, and the Marfa Basin, has experienced a revival of activity as...

    Mr. Sandman – Getting proppant to the wellhead

    08/05/2013 Mining, processing and delivering over 30 million metric tonnes (MT) of frac sand proppant to US oil and gas shale drilling sites is a serious business. Speedier drilling, increased lateral length ...

    Baker Hughes introduces Well Count index

    07/18/2013

    Baker Hughes Inc. (NYSE: BHI) has introduced the Baker Hughes Well Count, a new index that provides key US onshore well count data to the oil and gas industry.

    Baker Hughes announces June 2013 rig counts

    07/10/2013 Baker Hughes Inc. (NYSE: BHI) has announced that the international rig count for June 2013 was 1,333, up 50 from the 1,283 counted in May 2013, and up 48 from the 1,285 counted in June 2012. The in...

    Oilfield equipment market forecast to reach US$117.37B in 2018

    07/10/2013 According to a new market report published by Transparency Market Research, the global market for oilfield equipment was valued at US$93.74 billion (B) in 2012 and is expected to reach US$117.37B i...

    Baker Hughes Website

    http://www.bakerhughes.com/

     

    OGJ150

    Gulfport Energy names Gaydosik CFO

    Jul 10, 2014 Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil &...

    Revenue, net income show small increases in 4Q2012

    May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

    Helix completes sale of oil and gas business

    Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

    Revenue, net income drop sharply in 3Q12

    Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

    WPX Energy makes natural gas discovery in Niobrara formation

    Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

    OGFJ100P

    Vantage Energy files for $400M IPO

    Jul 8, 2014

    Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

    Rock Oil increases capital commitment, adds to management

    Jun 10, 2014 Wells Fargo Energy Capital and BNP Paribas have made investments and capital commitments to Rock Oil Holdings LLC. In addition, Rock Oil has named ...

    AEPB acquires Permian leasehold for $2.5B

    Jun 9, 2014 American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has signed an agreement to acquire approximately 63,000 net acres...

    FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

    Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

    OGFJ100P company update

    Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

    Oil & Gas Companies

    Maersk Oil cuts quarter of Houston jobs

    As a result of the challenges of growing a non-operated exploration portfolio in the US Gulf of Mexico, Maersk Oil is downsizing its Houston workforce by more than 25% as the company focuses on other parts of the world, according to a report in th...

    Pemex begins post-reform corporate makeover

    Pemex has begun a corporate restructuring following the approval earlier this month of a historic energy overhaul that ended Pemex's decades-long monopoly, according to a Reuters report.

    NOC chairman to replace acting Libya oil minister

    Libya's acting oil minister Omar Shakmak will resign and will be replaced by the chairman of the state oil firm National Oil Corp. (NOC), Mustafa Sanallah, according to a Reuters report.

    Lucas granted NYSE MKT compliance plan extension

    Lucas Energy Inc. reports that the NYSE MKT notified the company that it has been granted an extension until Oct. 31 to regain compliance with the NYSE MKT continued listing standards.

    Lime Petroleum gives up three licenses in North Sea

    Hibiscus Petroleum Bhd reports that its jointly controlled entity, Lime Petroleum Norway AS (Lime Norway) has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop d...

    Strongbow set to prepare development plan for Compeer asset

    Strongbow Resources Inc. has begun preparing a development plan to drill its Compeer asset in Canada, which consists of eight sections (5,120 acres), in which Strongbow owns a 100% working interest, and is located in East Central Alberta.

    Roxi Petroleum makes discovery at BNG Contract Area in Kazakhstan

    Roxi Petroleum plc, a Central Asian oil and gas company with a focus on Kazakhstan, reports a discovery at its flagship BNG asset in the pre-Caspian basin in Western Kazakhstan.