Libya’s National Oil Corporation has declared force majeure on crude oil loadings from two oil terminals, which effectively removed 850,000 bpd from...
I. The stakes are far too high, and in any case in which a defendant’s primary appeal to the public is to...
Ascent Resources said Friday it’s spending $1.5 billion for oil and natural gas assets in Ohio’s Utica Shale Play, deals that will...
Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. Experts say disruption to crude oil supplies from Iran...
From Newsok.com -Echo Energy set to move 100 employees to new downtown headquarters Echo Energy, a northwest Oklahoma City company, is set...
TULSA, Okla. and VANCOUVER, British Columbia, June 27, 2018 (GLOBE NEWSWIRE) — Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF) is releasing the...
Oasis Petroleum Inc., Houston, signed two separate purchase and sale agreements to sell an estimated 4,400 boe/d of net production and 65,000...
HOUSTON (Reuters) – Shares of U.S. oilfield service companies have fallen by more than 8 percent in the past month as worries...
The Eagle Ford Group of Texas contains estimated means of 8.5 billion barrels of oil, 66 trillion cubic feet of natural gas,...
General Electric Co. plans to spin off its health-care business and unload its ownership in oil-services company Baker Hughes, people familiar with...
Pressure-pumper Liberty Energy Inc. has followed rig operator Helmerich & Payne (H&P) in U.S. wildcatters Bryan Sheffield and Dick Stoneburner’s development of Australian shale.
Liberty invested US$10 million in Australia-brd Tamboran Resources and plans to send a frac fleet to the play in the Beetaloo Basin next year in northern Australia south of Darwin, Tamboran reported.
Liberty’s entry rounds out the upstream portion of Tamboran’s plan to develop the basin’s Marcellus-like rock—the Mid-Velkerri B—providing frac services in well completion post-H&P drilling.
The frac fleet is expected to arrive in 2024. H&P sent a modern rig, a FlexRig 3, to the play earlier this year.
First responders, the Midland Police Department and the Midland Fire Department were called to a fire located inside the historic Petroleum Building in downtown Midland during the evening hours on Monday.
According to reports, the fire was on the ninth floor of the building. The building owner, David Arrington, said that there were no injuries reported during the incident.
T. S. Hogan, a Montana attorney, rancher and oilman, came to the Permian Basin in 1925 and became active in the oil business. In 1927, Hogan announced the construction of the Petroleum Building.
The Petroleum Building was designed by the Fort Worth architect Wyatt C. Hendrick and completed in 1929. The building has long played a significant role in the history of Midland, as well as casting a significant role in the development of the city.
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