First Quarter 2017 Texas Petro Index: Oil And Gas Economy In Texas Enters Expansion Cycle

        First Quarter 2017 Texas Petro Index: Oil And Gas Economy In Texas Enters Expansion Cycle WICHITA FALLS—Crude oil and natural gas drilling and development in Texas has embarked upon a new cycle of expansion, according to the latest Texas Petro Index (TPI), which improved to 160.4 in March to post its […]

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OTC 2017: Where to Find the Best Networking Opportunities and Emerging Technologies

Since 1969, energy professionals from across the world have descended upon Houston in early May to make critical decisions, share ideas, and develop business partnerships. All this takes place at the Offshore Technology Conference (OTC), which not only is a venue to learn and share important technical information, but it also brings the industry together […]

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Rig Count Overview & Summary Count

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975. The North American rig count is released weekly at noon central time on the last day […]

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Statoil Awards Transocean Two Rig Contracts

Statoil and license partners have decided to use the semisubmersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen licence in Norway. The exploration drilling campaign in the UK will be conducted for the Mariner, Jock Scott and Verbier licenses, and is […]

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RUGGED DESIGN, INTEGRATED TECHNOLOGY LOWERS OWNERSHIP COSTS AND IMPROVES DRILLING EFFICIENCY FOR THE NEW CAT® MD6250 BLASTHOLE DRILL

The new Cat® MD6250 blasthole drill delivers optimum drilling efficiency in single- and multi-pass applications for both rotary and down-the-hole (DTH) modes. Featuring automated operation, the drill runs within ideal operating parameters for maximum bit life, hole accuracy, and reduced total cost of ownership. A sculpted frame design boasts heavy cross-bracing in high-load areas for […]

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PESA Welcomes Four New Members

Please join us in welcoming four new members to PESA:  Dox-Steel, Duff & Phelps LLC, Freemyer Industrial Pressure LP and McGriff, Siebels & Williams. Dox-Steel specializes in fasteners, protective coating, Nickel-Cobalt, maintenance cost reduction, API 20E compliant, ASME B1.1, ASTM B994, topside fasteners, API 6A, and SubSea Fasteners.  Carlos Girault is the President of Doxsteel and they […]

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Appeals court decision places Colorado’s environmental and economic goals at risk

Appeals Court Decision Places Colorado’s Environmental and Economic Goals at Risk DENVER, March 29, 2017 – Colorado Petroleum Council Executive Director Tracee Bentley today said that Colorado is a national leader not only in producing oil and natural gas but also in protecting the environment. “As the seventh largest producer of oil and natural gas […]

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The DNA of oil wells: U.S. shale enlists genetics to boost output

A small group of U.S. oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy industry keeps pushing relentlessly to cut costs and compete with the world’s top exporters. Shale producers have slashed production costs as much as 50 percent over two years, […]

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CK Power is awarded the exclusive Kubota Engine Distributorship for Oklahoma and North Texas

  CK Power is excited to announce that the company has been awarded exclusive Kubota engine distributorship for Oklahoma and North Texas. The new territory expansion joins CK Power’s existing Kubota territory of Eastern Missouri, Arkansas, Southern Illinois, Western Kentucky and Western Tennessee. “We are very excited about the new territory, we look forward to […]

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Analysis: Crude Likely To Hit $60 In Second Quarter

Crude’s latest decline has thrown the market into a mild panic. Higher than expected inventories combined with bearish commentary from the Saudi oil minister last week have cost crude prices roughly 10% since March 8. If nothing else, recent trading days have reflected a psychologically fragile oil market. With all of the current geopolitical unknowns, […]

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Canadian UAVs Completes The First BVLOS Pipeline and Powerline Inspections in Canada, Ushering in New Age of Unmanned Aviation & Industrial Compliance

  FOREMOST, AB, March 14, 2017 /CNW/ – Regular Beyond Visual Line Of Sight (BVLOS) operations significantly advance as Canadian UAVs and Lockheed Martin CDL Systems completes the first BVLOS pipeline, well site and power line inspections using the Transport Canada Compliant Lockheed Martin Indago 2 at the Foremost Testing Range. Canadian UAVs seeks to provide its’ […]

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One of the first US refineries to be built in 40 years planned for Permian Basin

AUSTIN, Texas — MMEX Resources Corp., a global energy company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced that it plans to build a $450 million, 50,000-bpd capacity crude oil refinery in the West Texas Permian Basin, subject to the receipt of required […]

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