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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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Edwards vs. Landry in O & G lawsuits

Louisiana wetlands

It doesn’t seem to be as much a battle between environmentalists and big oil as it does about a battle between Louisiana Gov. John Bel Edwards and Louisiana Attorney General Jeff Landry. The Louisiana Record reported Dec. 4 that the standoff between the two officials is partly due to the reversal of Judge Stephen Enright Jr.’s decision to allow Jefferson ...

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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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AP Interview: IMF says low oil prices still hurting Mideast

middle east oil, mideast economy, oil prices, OPEC

DUBAI, United Arab Emirates (AP) — Oil-producing Mideast countries are coping with low global oil prices though more government reforms are needed, the International Monetary Fund’s chief for the Mideast said as the organization issued a new report Wednesday showing weak economic growth in the region. Masood Ahmed also told The Associated Press that Iran’s economy beat expectations by growing ...

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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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Protesters emerge from pipeline stored at construction site

pennsylvania pipeline gas explosion

VERPLANCK, N.Y. (AP) — Four protesters have emerged from an above-ground section of a steel natural gas pipeline that’s being built underneath the Hudson River after they climbed into it to protest a pipeline from Pennsylvania to New York. A protest group says Rebecca Berlin, Mackenzie Wilkins, Dave Publow and Janet Gonzalez entered a work site early Monday and entered ...

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OPEC must enact cuts for sustained oil price rise, IEA says

oil field, Kuwait, oil spill

PARIS (AP) — The International Energy Agency is urging OPEC countries to swiftly deliver on promised production cuts if they want to see a sustained increase in oil prices that will also help shore up their economies. In its monthly report Tuesday, the global watchdog said production from the Organization of the Petroleum Exporting Countries hit a record high in ...

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