Tag Archives: Texas

The Permian Basin in Texas and New Mexico will soon become the third-biggest oil producing region in the world: IHS Markit

Output from the Permian basin is poised to double between 2017 and 2023, according to IHS Markit. At 5.4 million barrels per day, Permian production would surpass output from all other producer nation’s except Saudi Arabia and Russia. IHS Markit believes the jump in output will require more than $300 billion in investment. New IHS […]

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Asset Sales Accelerate In The Oil & Gas Industry

  Get ready for more asset sales in the oil and gas industry. Earlier this month, Devon Energy sold properties in North Texas’ Barnett Shale for $553 million, which analysts said represented a “relatively attractive” multiple of cash flow. Last week Pioneer Natural Resources and Reliance Industries agreed to sell some of their oil and gas properties in […]

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Dragon Products Introduces Sand Force™ to Frac Sand Delivery Trailers

Faster unloading of frac sand at the well site. Beaumont, Texas—Dragon Products, energy and industrial equipment manufacturer, has introduced Sand Force™, a double drop, bottom discharge trailer-mounted sand delivery trailer. Specifically designed for frac sand, Sand Force™ unloads the standard 25 tons of frac sand in approximately 11 minutes— orders are being taken now. “Since […]

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Permian Seen Second to Saudis for Spare Oil-Output Capacity

The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter. Oil producers in the Permian Basin have at least a combined 500,000 barrels […]

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Oil Rises 1.8% To $65.61, Setting New 3-Year Closing High After 10th Straight Drop In US Crude Stockpiles

U.S. crude prices topped $65 a barrel for the first time since December 2014. Oil prices turned higher after the U.S. government reported the tenth straight weekly drop in U.S. crude stockpiles. U.S. crude prices topped $65 a barrel for the first time in more than three years on Wednesday after government data showed the […]

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Will The ‘Digital Oilfield’ Still Need Roughnecks?

  An oil drilling rig pictured in rural DeWitt County, TX Industry insiders say the work might change, but companies will still need the people Some say oilfield workers of the future will need new tech skills, but that at the same time, their jobs will be easier. However it plays out, the industry’s digital […]

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Predator Drilling Acquires Assets of J. B. Hunt Gas and Oil Drilling

PREDATOR DRILLING ACQUIRES ASSETS OF J.B. HUNT GAS AND OIL DRILLING Two Great Companies Prove the Sum is Greater Than the Parts Midland, Texas: Predator Drilling LLC, a subsidiary of Predator Drilling Inc. of Red Deer, Alberta, has acquired all assets of J. B. Hunt Gas and Oil Drilling of Midland, Texas in an all […]

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To Our Friends in Texas and Louisiana

Like all of you, our team at Tradequip International watched with dismay as Hurricane Harvey wreaked havoc in your hometowns. The storm’s devastation in such a vast area has struck at the heart of the oil and gas industry. Now, and for years to come, it has drastically affected many of you who are our […]

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Caterpillar Foundation Donates $300,000 to American Red Cross Relief Efforts as Texas Endures Hurricane Harvey

PEORIA, Ill. — As Texas battles one of the worst storms to hit the state in decades, the Caterpillar Foundation is announcing a $300,000 donation to the American Red Cross to aid in immediate relief efforts. Hurricane Harvey, which made landfall as a Category 4 storm, is producing life-threatening flooding for both coastal and inland […]

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Texas Oil and Gas Jobs on the Upswing

  Oil companies across Texas increased payrolls by nearly 12,000 jobs in the six months through April. Experts attribute the increase to the industry’s steady recovery along with the shale boom in the Permian basin of West Texas. The latest gain over the last six months pushed the total number of oil and gas jobs […]

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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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Master Rig International Announces Completion of Jindal Drilling Rig Project

HOUSTON–(BUSINESS WIRE)–Master Rig International (MRI) recently completed an extensive and large-scale inspection, repair and re-certification of the Jindal Drilling Rig Project in Sabine Pass, Texas, USA. After initial inspections of drilling equipment, repair plans were developed and underway in late December 2015. Maintenance and re-certification of drilling equipment began on January 15th, 2016, and MRI […]

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