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Reducing Refrac Risk – A Strategy for Success in Uncertain Times

The World Bank has forecast crude oil prices around $55 per barrel in 2017. Yet there is considerable uncertainty around the outlook. Ongoing negotiations among OPEC producers, and China’s transition from a manufacturing to a service-based economy, will both affect an already volatile market.  So, which companies will be in the best position to not only survive—but thrive—during times of uncertainty? ...

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Texas adds 7 rigs; Dec. 2 rig count totals 597

baker hughes, rig count

U.S. oil producers, especially in shale plays across the region, are likely crossing their fingers that OPEC’s commitment to cutting production will help oil prices to inch higher—and stay there. In the meantime, rig counts have inched up slightly. As reported by Baker Hughes, the number of rigs exploring for oil and natural gas went up a total of four ...

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U.S. rig count declines by 1 to 568

oil rig, rig count,

Baker Hughes’ latest rig count report shows the number of rigs drilling for oil rose by two this week to 452. Rigs drilling for natural gas was down 2. The total rig count fell by one to 568, still higher than the May low of 404. Total offshore rigs are down 12 from last year at this time. States losing ...

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Customer Service is More Than Just Being Nice; If Done Right, It Can Save Your Customers Big Bucks

Light Tower Rentals, customer service

By Jeff Miller At LTR, our core values are Safety, Customer Service, Integrity, Teamwork, and Accountability.  Safety is the focus of every job at Light Tower Rentals (LTR).  It starts at the office, continues at the jobsite, and really never finishes.  Safety is priority one, because if you don’t have a safe work environment, you won’t have customers.  Without customers, ...

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US rig count up 4 this week to 557; North Dakota gains 5

oil rig, rig count,

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 4 this week to 557. A year ago, 775 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 441 rigs sought oil and 114 explored for natural gas ...

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US rig count up 15 this week to 539; Louisiana gains 6

oil rig, rig count,

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 15 this week to 539. A year ago, 787 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 432 rigs sought oil and 105 explored for natural gas ...

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US rig count up 2 this week to 524

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 524. A year ago, 795 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 428 rigs sought oil and 94 explored for natural gas ...

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Major work planned on leaky Wyoming gas pipeline

CHEYENNE, Wyo. (AP) — A pipeline company plans to replace sections of a Wyoming natural gas pipeline that has had two leaks since August. The 16-inch-wide pipeline sprung a major leak 14 miles north of Douglas on Sept. 6. Authorities closed Wyoming Highway 59 for more than two hours while workers shut off the flow. The leaking gas didn’t ignite. ...

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In gas drilling country, the honeymoon is over on royalties

gas drilling, royalties, Marcellus

WYALUSING, Pa. (AP) — Jan Brown pores over his royalty statement and wonders where all the money went. A few months ago, the nation’s second-largest natural gas producer siphoned $2,201 worth of gas from his 240-acre property — but paid him only $359 after taking deductions for transportation and processing. Brown, 59, who relies on the royalties as his sole ...

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Pipeline will soon reopen, carrying gasoline to 5 states

natural gas pipeline, pipeline spill

ATLANTA (AP) — Gasoline should begin flowing again Wednesday — through a temporary bypass on a critical pipeline — after a major leak in Alabama forced a shutdown that led to surging fuel prices and scattered gas shortages across the South, a company official said Tuesday. The roughly 500-foot (152-meter) section of pipe serving as the bypass is now complete, ...

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