A status hearing Wednesday U.S. District Court will determine the next steps in the the fate of the Dakota Access Pipeline. Last week, Judge James Boasberg found the Army Corps of Engineers’s assessment of the project lacking in two key areas. …read more
The energy sector – and oil field services in particular – is changing and reacting to news every day. Check here often as we post the latest news and insight of importance to the industry.
Baker Hughes and GE reached a milestone in their proposed merger when the U.S. Department of Justice approved an agreement allowing the transaction to move forward. The deal is expected to be completed by the middle of the year. …read more
In response to the growing demand for frack sand in West Texas, U.S. Silica is building a new mine and plant to support expanding oil and gas activity in the Permian and Delaware basins. The $225 million project should be completed by year’s end. …read more
Occidental Petroleum is increasing its stake and responsibilities related to an enhanced oil recovery property in Texas. Through a deal with Hess Corp., Oxy will become the main operator of the CO2 EOR assets. …read more
The benefit of drilling longer laterals for shale oil or gas production has now been proven by EQT Corp. The Pittsburgh-based shale gas producer has agreed to acquire Rice Energy for roughly $6.7 billion. The reason: to drill longer laterals. …read more