Latest News
TENARIS: Tenaris and Severstal: One year later
By Press release submission | Feb 19, 2020
Twelve months after the signing of the joint venture agreement between the world’s largest pipe manufacturer and Russia’s leading steel company, the project to build a greenfield welded pipe plant in Surgut, Russia is moving full steam ahead.
Permian Basin: Looser constraints mean more pipelines, capacity
By Pat Morris | Feb 18, 2020
The Permian Basin, also known as the West Texas Basin, is expected to produce about 2.6 million additional barrels of crude per day from now through 2021, according to a summary provided by Alerian, a Dallas-based company that publishes the Alerian MLP (master limited partnership) index, which energy-industry professionals use to analyze performance.
Permian Basin Water in Energy Conference kicks off Tuesday
By Pat Morris | Feb 17, 2020
This year’s annual Permian Basin Water in Energy Conference (PBWIEC), the third, will be held Tuesday through Friday in the Pavillion at the Midland County Horseshoe Arena.
Recent evidence points towards Permian oil companies and fracking to be overcapitalized and unprofitable
By Terry Davis | Feb 17, 2020
Investors and oil company leaders agree: fracking is in trouble.
BIG D EQUIPMENT CO: Oil Posts Biggest Gain Since Early January
By Press release submission | Feb 13, 2020
Signs that the spread of the coronavirus may be slowing boosted investor confidence that crude's sell-off has peaked.
SCHLUMBERGER: The Egyptian Ministry of Petroleum and Schlumberger Introduce the Egypt Upstream Gateway
By Press release submission | Feb 13, 2020
The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen.
CIMAREX: Cimarex Schedules Fourth Quarter 2019 Earnings Release And Conference Call
By Press release submission | Feb 13, 2020
Announced it plans to report fourth quarter 2019 financial results on Wednesday, February 19, 2020, after market close. The company will host its quarterly conference call at 11:00 AM ET on Thursday, February 20, 2020.
STEP ENERGY SERVICES: STEP Energy Services Ltd. Provides a Strategic Business Update, an Update to Its Amended Credit Facilities and Fourth Quarter and Year End 2019 Conference Call Details
By Press release submission | Feb 13, 2020
STEP is pleased to provide an update on 2020 work programs for its Canadian and U.S. operations.
BIG D EQUIPMENT CO: Crude Oil Up Despite US Inventory Rise
By Press release submission | Feb 13, 2020
Oil held above $51 a barrel as investors shrugged off a government report showing U.S. crude stockpiles rose for the third straight week.
LEGACY RESERVES: Financial Restructuring Completed
By Press release submission | Dec 13, 2019
Legacy Reserves Inc. ("Legacy") and certain of its subsidiaries (collectively, the "Company") announced today that it has emerged from chapter 11, successfully completing its financial restructuring and implementing the Company's confirmed plan of reorganization (the "Plan").
AMERICAN HOTEL INCOME PROPERTIES: Agrees to Acquire 12 Premium Branded Hotels for $191.0 Million, Including 2 in Midland
By Press release submission | Dec 12, 2019
American Hotel Income Properties REIT LP ("AHIP", the "Company") (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has reached a definitive agreement (the "Definitive Agreement") to acquire a portfolio of 12 well-maintained Premium Branded hotels (the "Acquisition") for $191.0 million excluding closing and post-closing adjustments.