Industry News

Forty Under 40: Abdalla Ali, Wayfinder Resources

Abdalla Ali, vice president of engineering at Houston-based Wayfinder Resources LLC, is today’s featured Forty Under 40 honoree. Prior to Wayfinder, Ali worked in the A&D advisory practice at Wells Fargo Securities as their petroleum engineer and petrophysicist. While with Wells Fargo, he helped advise more than 80 private and public upstream and midstream companies,

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E&P Plus Cover Story: Will Big Data Shape Recovery?

[Editor’s note: This introduction to the cover story first appeared in the November issue of E&P Plus. To view the full issue, click here. To subscribe to the digital publication, visit here.] Around this time last year, oil and gas executives were contemplating how Big Data analytics could become a source of significant competitive advantage for their

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NOW Inc.’s Dick Alario Steps Down as Executive Vice Chairman

NOW Inc.’s Dick Alario has stepped down from his short-term role as executive vice chairman, the Houston-based oilfield service company said in an Oct. 30 release. Alario previously served as interim CEO of the company from Nov. 1, 2019 until the appointment of David Cherechinsky as president and CEO on June 1, 2020. At such

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Shale Gas News – October 31, 2020

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about a methanol plant, Diversified Oil & Gas, Gulfport Energy and much more last week. The Shale Gas News has grown again to

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EQT in talks to sell some or all of its MVP capacity

EQT is in discussions with up to five different unnamed parties to sell some or all of its contracted capacity in the 303-mile Mountain Valley Pipeline that is expected to begin service next year, according to Kallanish Energy. EQT CFO David Khani made the announcement last week in an earnings call with analysts and the

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UDRBC Candidate Night: Bognet Exposes Canadian Rich Kid Cartwright

Upper DelawareRiver Basin Citizens …. ….  The UDRBC held another very successful candidate night last week and Jim Bognet exposed Cong. Cartwright as a rich Canadian interloper. The Beach Lake Fire Hall was the location of a Meet the Candidates evening hosted by the Upper Delaware River Basin Citizens (UDRBC) on October 20, 2020. The

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Natural Gas Now Best Picks of the Week – October 31, 2020

Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Anti-Fracking Crusade Running Out of Gas? Dan Markind does an election overview with respect to states where fracking has been an

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Biden’s Plans Regarding Energy Are Simply Not Doable

 ... … … Editor’s Note: Biden’s plans to recreate the entire U.S. energy system beginning with electricity over the next 14 years will result in enormous costs. Joe Biden’s climate and energy plans mandate a carbon-free generation sector by 2035. Since new nuclear and carbon capture and sequestration technologies are not economically competitive, subsidized wind

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Demand and Demons: A Ghost Story

It was a particularly dark night. The moon was hidden by a cloudy sky passing over West Texas. No rain. It was dry, arid and quiet. The only break in the darkness was the headlights of a black F-150 crawling down a dusty road. The pickup seemed lost. The driver, a man in late 30s,

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OFS Landscape: Preparing for the Turnaround

E&P Plus Cover Story: Will Big Data Shape Recovery? In the midst of a historic disruption with remote operations becoming the new normal, oil and gas companies are rethinking Big Data analytics to navigate the uncertainties of the industry’s post-pandemic future. This post appeared first on Hart Energy.

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IndustryVoice: CGG’s ResPack HD Becomes a Benchmark Seismic Inversion Technology for Optimizing Well Placement and Production

What was the motivation behind CGG developing geostatistical inversion? As a global geoscience technology leader, CGG invests significant resources in R&D initiatives to push the boundaries of subsurface imaging technologies. With the global rise in unconventional development and the growing need to improve the economic return on unconventional reservoirs, the ability to identify fine-bed, heterogeneous

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Ring Energy Terminates Sale of Delaware Basin Acreage Position

Ring Energy Inc. terminated the purchase and sale agreement of its Delaware Basin acreage on Oct. 30 citing the prospective buyer’s inability to close the deal despite multiple amendments. “We are very disappointed that the buyer was unable to complete this important and highly anticipated transaction, but believe we have, after six amendments to the

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Marketed: Operated Working Interest Package in Texas, Oklahoma, Kansas

The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. H&L Operating retained Oil & Gas Asset Clearinghouse LLC to market an operated working interest package that includes 82

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US Drillers Add Oil, Gas Rigs for Third Month in a Row

Editor’s note: This story was updated at 2:58 p.m. CT Oct. 30.] The U.S. oil and natural gas rig count rose in October for the third straight month and drillers added the most rigs in a month since May 2018 as some returned to the wellpad after crude prices steadied. The oil and gas rig

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