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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
EIA Forecast and OPEC Meeting Move Oil Price #OilmanNEWS 2017 September-October Upstream 

EIA Forecast and OPEC Meeting Move Oil Price

The oil market continues to experience price volatility as shifting variables test investors’ fortitude. An August 8 OPEC meeting and the Energy Information Administration’s (EIA) Short-Term Energy Outlook, released the same day, combined to create discordant expectations for production levels through to 2018. Investors held lofty expectations for the OPEC August 8 meeting, which they hoped would yield an increase... Read More
Weir Oil & Gas Completes Acquisition of KOP Surface Products Texas Upstream 

Weir Oil & Gas Completes Acquisition of KOP Surface Products

Weir Oil & Gas, a leading upstream provider of pressure pumping and pressure control equipment and services, today announced it has completed its acquisition of KOP Surface Products, a provider of advanced pressure control wellhead technologies, systems and services. The acquisition, announced in mid-June, reflects Weir’s commitment to global expansion, with a significant focus on Asia Pacific. The value of... Read More
ConocoPhillips Releases Financial Report for Second Quarter #OilmanNEWS 2017 September-October Texas Upstream 

ConocoPhillips Releases Financial Report for Second Quarter

ConocoPhillips—its latest financial report released on July 27—reported a significant step forward in the move to meet financial and operational goals. The Houston, Texas-based firm has, like many of its competitors, been attempting to improve its financial position during these past few years as the oil price has lingered around a relatively low position. As large oil and gas companies... Read More
Exxon Faces Fine for Russian Dealings Under Sanctions #OilmanNEWS 2017 September-October Upstream 

Exxon Faces Fine for Russian Dealings Under Sanctions

The U.S. Treasury Department has levied a $2 million fine against Exxon Mobil Corp. for violating U.S. sanctions which barred companies from dealing with Russia, Bloomberg reports. The sanctions were put into place when the present Secretary of State, Rex Tillerson, was the CEO at Exxon. Sanctions were enacted due to Russian infringing on Ukraine’s sovereignty by invading into part... Read More
IEA Data Shows Electricity Investment Outpaced O&G Investment in 2016 #OilmanNEWS 2017 September-October Upstream 

IEA Data Shows Electricity Investment Outpaced O&G Investment in 2016

The International Energy Agency (IEA) announced on July 12 that a significant shift in energy-investment patterns had occurred in 2016. According to the organization’s data, for the first time, electricity for the surpassed oil and gas in terms of total investment. The transfer of investment funds represents a continually unstable oil market which has been defined by an excess of... Read More
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