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Halliburton Acquires Tulsa-Based Summit ESP #OilmanNEWS 2017 September-October Oklahoma 

Halliburton Acquires Tulsa-Based Summit ESP

A Tulsa-based oilfield equipment supplier has gained the attention of a large multinational oilfield services provider. The Oklahoma-based firm, Summit ESP, notably impressed Halliburton, as evidenced by the fact that Halliburton announced on Wednesday, July 5th, that it was purchasing Summit. Summit ESP maintains a focus on manufacturing and servicing a comprehensive product portfolio for electrical submersible and surface pumping... Read More
Oklahoma Finds Some Relief from Seismic Activity #OilmanNEWS 2017 September-October Oklahoma 

Oklahoma Finds Some Relief from Seismic Activity

On Tuesday, June 27, the Oklahoma and Corporation Commission and the Oklahoma Geological Survey released data related to the correlation between earthquakes and fracking activities. The updated data, which was first reported by newsOK.com, stated that state regulators contacted oil and gas operators concerning numerous seismic events which had occurred since December. The seismic activity in question was mostly contained... Read More
SemGroup Acquires Strategic Oil Terminal in Houston #OilmanNEWS 2017 July-August Oklahoma 

SemGroup Acquires Strategic Oil Terminal in Houston

On June 6, Tulsa, Oklahoma-based SemGroup Corporation announced that it had entered an agreement to acquire Houston Fuel Oil Terminal Company (HFOTCO). The move diversifies SemGroup’s overall business offerings, and it gives the firm a foothold in the Houston Ship Channel, a well-established and strategic location for the transportation of oil and gas. SemGroup will be purchasing HFOTCO, one of the largest U.S.... Read More
Newfield Looks to Recycling to Boost Cost-Efficiency #OilmanNEWS 2017-May-June Oklahoma 

Newfield Looks to Recycling to Boost Cost-Efficiency

As companies seek to maximize efficiency in this unfavorable economic environment, they employ new technologies which enable them to re-use certain resources in a cost-effective manner. Whether it be through software, hardware, or new refinery or recycling facilities equipped with state of the art technologies, companies are increasingly looking to new means to gain a competitive edge. According to a... Read More
Mammoth Energy Acquires Three Oil Companies #OilmanNEWS 2017-May-June Oklahoma 

Mammoth Energy Acquires Three Oil Companies

Mammoth Energy Services, Inc., announced on March 21st that it is purchasing three oilfield services companies in an effort to further its offerings in the industry. “The pending acquisitions of Taylor Frac, Stingray Energy Services and Stingray Cementing represent a natural step for Mammoth to continue to expand its integrated service offering,” stated the Oklahoma-based company’s CEO Arty Straehla. Mammoth... Read More
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