Bankruptcy Restructuring Offers Relief to Chaparral Energy
Oklahoma City-based Chaparral Energy, a private exploration and production company, announced on May 9th that it had filed for Chapter 11 bankruptcy relief in the...
2017-May-June
Ethos Offshore US Inc. Files for Chapter 7 Bankruptcy
Houston, Texas-based Ethos Offshore US has filed for Chapter 7 bankruptcy after acknowledging that it would not likely be able to pay its debtors. The...
LLOG, Eni and Chevron Address P&A Technology Selection
Technology selection played a key role in enabling Chevron to deliver a recent deepwater well P&A campaign ahead of schedule and under budget. Their Subsea...
Oil Producers Nervously Watch Industry Trends
The oil industry in Texas and across the U.S. nervously awaited a weekly report from the U.S. Energy Information Administration (EIA) on Wednesday and for...
Supermajors Are the Best Companies to Work At
In the Global Top 30, as compiled by Rigzone, the best companies to work for in the oil and gas industry appear to be supermajors....
Save Millions by Reducing Engine Idle Time
When oil was selling for more than $100 per barrel, most operators were not concerned about penny-pinching or using the most efficient processes available to...
Automated Data Reporting Saves Time and Money
With low oil prices, operations managers seek the most accurate data available to them. This information allows them to make efficient financial forecasts and make...
Petroleum Industry News Sends Mixed Signals
There was a variety of news regarding the petroleum industry last week that sent mixed signals to industry observers. First, petroleum economist Karr Ingham said...
Texas O&G Activity Increases for Second Straight Month
The Texas Alliance of Energy Producers released its January Texas Petro Index (TPI) on March 7. The group, which represents the interests of the O&G...
Senator Ted Cruz’s Endorsement for the Oil and Gas Industry is Timely
Houston-based land-contract drilling services provider Scandrill hosted an official visit by U.S. Senator Ted Cruz (R), on Monday, February 20, 2017. The purpose of the...