2017 September-October Archives Page 3 of 7 - OILMAN Magazine
Harvey Creates Issues for Texan Oil Industry #OilmanNEWS 2017 September-October Fullstream Louisiana Texas 

US Gulf Coast Prepares for Hurricane Harvey

Oil and natural gas companies on the Texas coast were preparing for the arrival of Hurricane Harvey Thursday, with some shutting operations and evacuating personnel, sending gasoline prices higher. Hurricane Harvey was also beginning to impact the flow of crude and refined products traffic into and out of the area, while oil and natural gas operators in the Gulf of… Read More
Oil Industry Celebrates Anniversary Of Oil Discovery #OilmanNEWS 2017 September-October Alex Mills Contributors 

Oil Industry Celebrates Anniversary Of Oil Discovery

America’s petroleum industry celebrates its 158th anniversary on Sunday. The American Oil and Gas Historical Society (AOGHS) reports that Seneca Oil Company hired former railroad conductor Edwin L. Drake to drill an oil well in Titusville, Pennsylvania, which produced oil on Aug. 27, 1859. The well was drilled to a depth of 69.5 feet, and it initially produced 25 barrels… Read More
Texas oil producers driving oil markets, leaving OPEC confounded #OilmanNEWS 2017 September-October Alex Mills Contributors 

Texas Oil Producers Driving Oil Markets, Leaving OPEC Confounded

Sizable year-over-year improvements in the rig count, drilling permits, and the value of Texas-produced crude oil and natural gas, along with renewed industry employment growth combined to push the Texas Petro Index upward in July to 176.9, the eighth straight monthly increase since a punishing 24-month contraction, which ended in November 2016 with a revised TPI of 149.2.  (Monthly TPI… Read More
Microsoft and Halliburton Collaborate to Digitally Transform the Oil And Gas Industry 2017 September-October Technology 

Microsoft and Halliburton Collaborate to Digitally Transform the Oil And Gas Industry

Microsoft and Halliburton announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry. The relationship will combine the expertise of a global leader in cloud and digital transformation with a global leader in exploration and production (E&P) science, software and services. “Halliburton is focused on delivering intelligent cloud solutions to drive the… Read More
Exponent Energy Announces Major Operated Production Assets Purchase 2017 September-October Midstream Oklahoma Upstream 

Exponent Energy Announces Major Operated Production Assets Purchase

Exponent Energy (Exponent), a Tulsa, Oklahoma-based energy investment firm, is pleased to announce that it has purchased the Oklahoma production assets of Sanchez Midstream Partners LP (NYSE American: SNMP). These assets will be integrated into Exponent’s existing asset base of shallow, low cost, conventional production in the Mid-Continent Region. Exponent, which now has more than 400 operated wells in Texas… Read More
Public Schools, Universities Benefit From Oil, Gas Production #OilmanNEWS 2017 September-October Alex Mills Contributors 

Public Schools, Universities Benefit From Oil, Gas Production

Crude oil and natural gas production in Texas has increased dramatically, bringing a flood of new dollars into the Permanent University Fund (PUF) and the Permanent School Fund (PSF). Both funds were established by the Texas Constitution in 1876, and encompass state owned lands in West Texas. Any revenue earned from the land was designated to the PUF to fund… Read More
WolfePak Software’s Charlie Wolfe Steps Down as CEO #OilmanNEWS 2017 September-October People Texas 

WolfePak Software’s Charlie Wolfe Steps Down as CEO

WolfePak Software LLC, a leading provider of financial, accounting and regulatory compliance software to the oil and gas industry, announced that founder and CEO Charlie Wolfe is stepping down as the CEO of the company. Wolfe remains a significant shareholder and member of the WolfePak board of directors, and becomes a senior adviser to the company. “In his new role,… Read More
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