2018 January-February

Budget Cut Cops

Investment of $97 Billion on Top Ten Offshore Oil Projects to Add Over 1.6 Million barrels per day by 2025

Over $151.5 billion in capital expenditure will be spent over the lifetime of the top ten offshore oil projects to produce 14.3 billion barrels of crude,…

Fire Resistant Clothing and Uniform Program Company, Wayne Enterprises, Expanding into Oklahoma City with New Store

Houston, TX – Wayne Enterprises, a Fire Resistant Clothing, Safety Boots, PPE, and Uniform Program company recently announced the opening of their third Wayne Workwear retail…

Wellsite Introduces IQ Scan Technology for Tracking Durable Assets

BROUSSARD, La. – Wellsite Fishing and Rental Services, LLC (“Wellsite”), a leading provider of drilling and completion rental equipment, is now utilizing the IQ Scan technology suite…

Some Oil Companies Begin Buyback Of Stocks

The oil and gas industry in the United States is unique. It is made up of thousands of companies involved in exploration, production, transportation, refining and…

Farmer vs Oilfiled

Growing Houston-Based SGR Energy Fuel Oil Blender Eyes Going Public

SGR Energy President and CEO Tom San Miguel never imagined how a tank truck driver job would change his life so much for the better. In…

Sun Coast Resources, Inc. Named as One of Houston’s Best And Brightest Companies To Work For

HOUSTON  – Sun Coast Resources, Inc., one of the largest wholesale petroleum marketers in the United States, has been named as a winner at Houston’s Best…

Oil, Natural Gas Proved Reserves Increased In 2016

Proved reserves of onshore crude oil and natural gas in the U.S. increased in 2016, according to a report issued this week by the Energy Information…

Mexico: Oil Prices and Exports

Lower market prices for oil and gas have pushed demand for exports from Mexico down overall in 2017 from 2016. As of October 2017, exports from…

Upcoming Energy Pipeline Management Summit 2018

Energy Pipeline Management Summit 2018 July 16-17, 2018 Four Seasons Resort & Club Dallas at Las Colinas, Irving, TX The Upstream sector is commonly known as…

Oil, Gas, Stock Markets Rally Hits a Bump

Crude oil, natural gas and the stock market all had a down week last week after more than a year of steady increases. Crude oil prices…

Crude Ergonomics

Sun Coast Resources Inc. Opens New Broussard, Louisiana Facility

HOUSTON – Sun Coast Resources, Inc., one of the largest wholesale petroleum marketers in the United States, has opened its newest facility in Broussard, La., to better…

U.S. Oil Production Exceeds 10 Million Barrels Per Day

Just two days after President Trump proclaimed the end of the federal government’s war on energy produced in the U.S., the Department of Energy’s Energy Information…

Mexico: Prospective Resources and Reserves by Field

Mexico’s high production can be had due, in part, to its high amount of reserves and prospective resources. As of September 2017, the country is sitting…

Mark Tool and Elite Elastomers Form MTE Joint Venture

FRANKLIN, La. – Mark Tool and Elite Elastomers have entered into a joint venture focused on the research, development and end-use application for complete elastomeric subsea…

Natural Gas Consumption Sets Record

The natural gas industry received a gold star for performance during the recent cold weather across a large portion of the United States. The Energy Information…

Oldie Work

OSRL Launches Offset Installation Equipment for SWIS Members

Oil Spill Response Limited (OSRL) has announced that its latest development in subsea well capping technology is now available to its members. Designed specifically for scenarios…

Rex Industrial LLC Introduces On-demand Engineering Commerce System

BATON ROUGE, La. – Rex Industrial LLC, (Rex), a technology company at the forefront of software development, has introduced an innovative system known as Engineering CommerceTM.…

U.S. Becomes ‘Undisputed Leader’ In Oil Production

President Trump talks about an “energy renaissance” in the United States.  Recent news of increased oil and natural gas exports from the U.S. and production reaching…

Feature Podcast: 2018 Oil & Gas Market Outlook

Few industries are as accustomed to change as oil and gas. From the rapid emergence of new technologies to dramatic ups and downs in the market,…

C-Innovation Forms Subsea Projects Group to Offer Fully Integrated Subsea Solutions

HOUSTON – C-Innovation, LLC (C-I), an a?liate of Edison Chouest Offshore (ECO) and its family of companies, has formed a turnkey subsea projects group. Capable of…

Mexico: Oil and Gas Production at Federal and State Levels

National Overview Mexico’s oil and gas industry had been in decline ever since 2005 when the nation’s oil production stood at 3.3 million barrels per day.…

Oilman Interactive Crossword Puzzle – January/February 2018

Click image to start crossword puzzle or here

Petroleum Demand Increases Firms Prices

Crude oil and natural gas prices continue to gain strength on news of increased demand. Oil futures on NYMEX for February delivery closed Wednesday at $63.57…

Oklahoma City Oil Field, State Capital Building, OK, 1930s

Photo courtesy Oklahoma Historical Society

Oklahoma City Oil Field, State Capital Building, OK, 1920s

Photo courtesy Library of Congress

Letter from the Publisher (January-February 2018)

Looking back at the past twelve months, our industry has revealed fantastic gains in the U.S. shale market. Overall drilling permits are up 63 percent in…

Oil and Gas Law: 2017 Year in Review

At the end of the year, I like to take stock—in summary form—of the leading decisions impacting the energy industry. Historically, this has been for my…

Oilman Cartoon – January/February 2018

Louisiana Oil & Gas Industry Overview

Louisiana Quick Facts: The Henry Hub in Erath, Louisiana, where 13 major pipeline systems interconnect, is the delivery point for the benchmark natural gas futures contract…

New Accounting Standards May Bring Vehicles Leases on Your Balance Sheet

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets. For public…

Energy Efficiency and Environmental Preservation

In 1992, I founded and chaired the first International Energy Policy Conference (IEPC) now known as National Energy Talk (NET). IEPC/NET is now in its twenty-fifth…

Drilling Technology Knows No Bounds

Scientists and researchers are continually on the forefront of new drilling technology development, to allow companies to compete in a tighter profit-margin market. Some are new…

Product Showcase: FOX Thermal Instruments

FOX Thermal Instruments has launched a new product – the Model FT4X Thermal Mass Flow Meter – ideal for serving Oil & Gas and Industrial applications.…

From Siloed Data to Integrated Capabilities

From production efficiency to cost reduction, business challenges in the upstream are still driven by low oil prices. Sector leaders recognize the chance to improve operational…

South Asia Region Becomes Global LNG Hotspot

International market experts, analysts, consultant agencies and specialists in the oil and gas sector see more growth in the Asian LNG market instead of Europe, especially…

3 Ways To Sell Your Oil & Gas Assets Quickly

It’s a new year, and the oil and gas market is hungry for assets. There are companies all over the map looking for good quality assets,…

2018 Oil & Gas Market Outlook

Few industries are as accustomed to change as oil and gas. From the rapid emergence of new technologies to dramatic ups and downs in the market,…

Navigating Mineral Rights? Don’t Be Scared by the Complexity

The complex legal nature of negotiating a mineral rights lease agreement can be intimidating to the landowner as well as smaller oil and gas companies who…

Savings Across The Board: How Anomaly Detection & Prediction Improves Business Performance In Oil And Gas

Leading oil and gas companies haven’t exactly been quick to bring their maintenance systems up to date. And with that comes huge risks to the environment,…

Interview with Giles Edward, CEO, M-Flow

The following is an interview with M-Flow CEO Giles Edward. M-Flow is a UK-based metering company providing repeatable metering products to the oil and gas industry.…

Changing Headlines

It is not uncommon to hear people all across Louisiana talking about the Permian Basin and for a good reason. The west Texas formation saw its…

Oil Prices Collapse: Is the Energy Industry Going Back to the Future?

Energy, and in particular the oil and gas industry, has always been one of the foundations of both the economy and the financial markets. The world…

Artificial Intelligence: The Future of Oil & Gas

MarketsandMarkets projects that the AI in the oil and gas market was worth $1.42 billion in 2016 and is expected to grow at a CAGR of…

Gov. Burgum’s Ambitious Challenge to Bakken Producers and Investors

Tis’ the season for annual meetings, but North Dakota Governor Doug Burgum caught many people’s attention with his public speech that was making the rounds. Burgum…

Tiger Rentals Completes Acquisition of Production Management Industries (PMI), a Leading Provider of Cleaning and Environmental Services to Oilfield Companies in the Gulf of Mexico and Texas

Beaumont, TX – Tiger Rentals Group, LLC (together with its affiliated companies, “Tiger Rentals”), a leading global oilfield and industrial equipment rental and services company, has…

Crude Oil, Natural Gas Demand Increases

Demand for crude oil and natural gas surged last week, causing price increases for both commodities. Crude oil futures for February delivery on the NYMEX closed…