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Texas increases lead huge rig count jump

oil rig, rig count, Baker Hughes

It’s definitely not a little hop, or even a skip. This week’s rig count jump might even be classified as a huge leap of faith as reports across the industry indicate a the oil and gas industry is on the road to recovery. This week, large acquisitions–on by Exxon Mobil and another by Noble Energy–indicate further optimism that activity will ...

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Noble Energy makes bold M&A moves

rig count

With a recent Permian Basin acquisition worth around $6 billion, Exxon Mobil isn’t the only oil and gas company making waves in the new year. Noble Energy announced Jan. 16 it plans to acquire Clayton Williams Energy for $2.7 billion in Noble Energy stock and cash. The Noble Energy press release notes the acquisition will advance the companies goals within the ...

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Hickenlooper praises Colorado clean energy production in State of the State address

Hickenlooper, state of the state, Colorado energy

Colorado Gov. John Hickenlooper’s sang the praises of energy production in his State of the State address Thursday. Hickenlooper was focused on economic growth and the ability of the state’s businesses to compete equally on the global stage, with specific mention of rural incentives and job training as imperative to keeping up with the rest of the world. However, when it ...

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Short-Term Energy Outlooks anticipates gains in oil, natural gas

Oil production in North Dakota dropped by about 30,000 barrels per day in January. (Image: Joel Tysver)

On Tuesday, the Energy Information Administration (EIA) released its Short-Term Energy Outlook, which includes its first forecasts for 2018. A more detailed look at the EIA’s crude oil forecast was released Thursday, January 12. The report slightly reduced its forecast for dry natural gas production in 2017 to 43.78 billion cubic feet per day. In 2016, drilling activity slowed due to ...

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Halliburton hiring in West Texas

An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

According to FuelFix, Halliburton is set to hire 200 workers in the Permian Basin in West Texas and New Mexico. The Current-Argus reported that Halliburton spokeswoman Emily Mir said in late December there will be job opportunities throughout the Permian, including in Artesia. As the oil industry begins to see a small upswing, local businesses are crossing their fingers that ...

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Burgum addresses budgeting and tribal relations in State of the State address

Doug Burgum

In the 2017 State of the State address, Governor Doug Burgum addressed four main topics–two linked specifically to oil and gas. An acute budget shortfall in North Dakota is the first of those concerns, and tribal relations, partly due to the continued disagreement about the Dakota Access Pipeline river crossing near Cannonball is the second. Yet Burgum’s tone was optimistic ...

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