Tag Archives: Oil and Gas Industry

US Drillers Add Oil Rigs For Record 23rd Week In A Row

U.S. energy firms added oil rigs for a record 23rd week in a row, extending a year-long drilling recovery as producers boost spending on expectations crude prices will rise in future months despite this week’s decline to a 10-month low. Drillers added 11 oil rigs in the week to June 23, bringing the total count […]

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PESA Submits Comments on NAFTA Renegotiation to USTR

In May, the Office of the U.S. Trade Representative (USTR) commenced the process to renegotiate the North American Free Trade Agreement (NAFTA). In addition to consulting with the U.S. Congress, USTR requested public comments on matters relevant to the modernization of NAFTA to inform the U.S. negotiating position. In comments submitted to USTR, PESA provided the […]

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API Report: Industry Safer Than It’s Ever Been

The American Petroleum Institute (API) recently released a report documenting the prioritization of safety, health and environmental stewardship in the oil and gas industry. As the report notes, the industry’s commitment to producing more energy, improving operation efficiency, while reducing the carbon footprint, is unyielding. Health and safety, the protection of people, the environment and […]

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PESA Welcomes New Member Company

Please join us in welcoming new member company Exterran Corporation. Exterran Corporation is a worldwide market leader in oil and gas production equipment, natural gas compression, produced water treatment solutions, and gas processing and treating. Headquartered in Houston, Texas, Exterran Corporation has approximately 5,100 employees and operates around the world.  Andrew J. Way is the President […]

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LAGCOE Announces LAGCOE Looey 2017: Don Briggs

LAGCOE Announces LAGCOE Looey 2017: Don Briggs Founding Member and President of Louisiana Oil & Gas Association LAFAYETTE, La. (June 19, 2017) –  LAGCOE is proud to announce LAGCOE Looey 2017, Mr. Don Briggs, Founding Member and President of  the Louisiana Oil and Gas Association. LAGCOE Looey is an honorary position given to someone who has accomplished […]

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Schlumberger Introduces Complete Cased Hole Formation Evaluation and Reservoir Monitoring from a Single Tool

Pulsar service delivers rigless formation evaluation and monitoring for any reservoir to improve drilling efficiency and well productivity OKLAHOMA CITY, June 19, 2017—Schlumberger today introduced the Pulsar multifunction spectroscopy service at the SPWLA 58th Annual Symposium. The new service provides the industry’s first complete cased hole formation evaluation and reservoir saturation monitoring with openhole logging […]

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Saudi Arabia Signs $50 Billion Worth Of Oil Deals With The U.S.

U.S. companies signed billions of dollars worth of deals with Saudi Arabia’s oil and gas industry during President Donald Trump’s visit to the Kingdom over the weekend, boosting bilateral business ties while the oil market continues to follow the shale-OPEC rivalry. The US$110 billion worth of U.S.-Saudi defense capability deals made up for much of […]

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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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PESA Welcomes New Member Companies

Please join us in welcoming two new members to PESA: BJ Services and Industrial Tax Consulting. BJ Services is a hydraulic fracturing, pressure pumping and cementing business headquartered in Tomball, Texas, with operations strategically located throughout North America. BJ Services’ President and CEO is Warren Zemlak.   Industrial Tax Consulting is a premier leader in […]

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TEAM Oil Tools Adds To TOMCAT™ Product Line

HOUSTON, TX (January 25, 2017) – TEAM Oil Tools (TEAM), an industry leading designer, manufacturer and supplier of quality completion tools, has developed the TOMCAT™ Fully Composite Frac Plug, an addition to the TOMCAT™ Product Line.   The TOMCAT™ Fully Composite Frac Plug utilizes high strength composite components to provide a dependable, durable and cost-effective […]

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A December to remember – the biggest US drilling gain in three decades

A December to remember – the biggest US drilling gain in three decades U.S. land drillers sent 2016 packing with a bang. Since May, the drilling recovery has looked exceptionally strong on a percentage basis. The December trend looked exceptionally strong on an absolute basis, too, with 65 U.S. rigs returning to work. December 2016 […]

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OIL SURGES AS MORE PRODUCERS JOIN OUTPUT CUTS

OIL SURGES AS MORE PRODUCERS JOIN OUTPUT CUTS Crude jumps after producers outside OPEC agree to scale back Oil prices surged Monday after more oil-producing nations agreed to slash production, a move aimed at pushing the oversupplied oil market into balance, or even a deficit, to prop up a crude market that had been stuck […]

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