Independent producer Roan Resources said Monday it’s hired Citigroup Global Markets and Jefferies to assist the company in evaluating “strategic alternatives,” Kallanish Energy reports. Roan said it’s received multiple unsolicited indications of interest for an outright purchase of the company, as well as inquiries from potential consolidation partners. Oklahoma-based Roan has formed a transactional working
Read More...In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration. Last month’s average is the lowest level since January 2003, when a nationwide strike and civil unrest largely brought the operations of Venezuela’s
Read More...May 20, 2019 Updated 5/20/2019 Email Print File photo Braig Oden Technologies Inc., a supplier of industrial automation, predictive analytics, and process monitoring and data integration systems, wants to build relationships with plastics machinery manufacturers — and the company has appointed machinery veteran Steve Braig to lead the effort. “Using Oden’s platform, machine makers can
Read More...The Permian Basin’s burgeoning natural gas output is muscling its way into markets that have been dominated by other plays, threatening to dent growth aspirations in Appalachia and the Haynesville Shale by 2020, an OPIS analyst said during a recent webinar. The culprit is associated gas, which accounted for 7% of the U.S. gas market
Read More...Hart Energy’s exclusive rig counts measure drilling intensity. Our counts exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. The result is our most accurate assessment of rigs on location working on oil or gas programs as of the sample date. While our
Read More...The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. An affiliate of Cornerstone Petroleum Resources LLC (CPR) retained EnergyNet for the sale of East Texas assets through auctions closing May 26. The sale
Read More...May 20, 2019 Updated 5/20/2019 Email Print Arburg GmbH + Co. KG Arburg officials at the groundbreaking for Hall 23, its new assembly plant for large injection molding presses. German machinery maker Arburg GmbH & Co. KG has started construction on a new assembly plant for the production of its large Allrounder injection molding machines
Read More...May 20, 2019 Updated 5/20/2019 Email Print Bill Bregar Plastics Machinery Group will have space to show machines in operation with its new facility. Bedford Heights, Ohio — Plastics Machinery Group has invested about $700,000 to renovate a factory building into a showplace for injection molding presses, extruders, blow molders, thermoforming machines, rotational molding machines
Read More...May 20, 2019 Updated 5/20/2019 Email Print Frank Esposito Robert Tocci of Aaron Industries Corp. and Emily Blair of Milliken. Cleveland — Aaron Industries Corp. has partnered with Milliken to improve compounds based on recycled polypropylene. Aaron launched Jet-Flo-brand recycled PP compounds. The high melt flow materials use Milliken’s DeltaMax-brand performance modifier. At the Compounding
Read More...May 20, 2019 Updated 5/20/2019 Email Print Michael Wayland Automotive News Steve Fecht for GMC A 2019 GMC Sierra Denali CarbonPro undergoes testing in a water spray booth. General Motors Co. has set its price on a breakthrough. The GMC Sierra with GM’s new carbon fiber pickup box will start at nearly $67,000, the company
Read More...A few new developments to report in the war to control EQT. Late last week brothers Toby and Derek Rice, formerly of Rice Energy, announced they are trimming their slate of proposed EQT board members by two (from nine to seven). There was no explanation for why the two were dropped from consideration, other than
Read More...Expressing dismay at needing to do so, Columbia Gas Transmission has been forced to haul the State of Maryland into court over the state’s refusal to grant an easement to drill a tiny 3.5-mile pipeline under the Potomac River. In January, Maryland’s emasculated RINO governor, Larry Hogan, along with two other state officials (both Democrats)
Read More...Yet another attack on the shale industry by two Pittsburgh Post-Gazette “reporters” (propagandists) who have made a career of unfairly attacking shale–Don Hopey and David Templeton. This latest smear job makes the claim that leachate coming from a landfill piped to a municipal wastewater treatment facility is “contaminated” with all sorts of nasty chemicals (what
Read More...Select Energy Services is a billion dollar oilfield services company with three main divisions: water services, rentals, and wellsite completions. They operate in every major shale play in the country, including the Marcellus/Utica. In 2017 Select bought out and merged in Rockwater Energy Solutions, a leading provider of comprehensive water management solutions to the North
Read More...Dennis Degner Over the years we’ve reported on the rising star of Dennis Degner at Range Resources. In 2016 Degner was named vice president for Range’s Southern Marcellus Shale Division (see Range’s Dennis Degner Named VP of Southern Marcellus Shale). In 2018 Degner was promoted again, to senior VP of operations, including responsibility for the
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