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Saudi Arabia and Russia Seen Forging Business Alliances #OilmanNEWS 2017 November-December Upstream 

Saudi Arabia and Russia Seen Forging Business Alliances

Two of the world’s largest oil-exporting countries, Russia and Saudi Arabia, have been forging a sort of professional relationship in recent years, despite previous indicators that they would not work together. Most recently, Saudi Aramco indicated that it plans to sign multiple Memoranda of Understandings with certain Russian companies. “There are significant opportunities in a number of these areas for collaboration between... Read More
ExxonMobil Dethroned as the Number-One Ranked Energy Company: S&P Global Platts #OilmanNEWS 2017 November-December Upstream 

ExxonMobil Dethroned as the Number-One Ranked Energy Company: S&P Global Platts

A Russian global energy behemoth has surpassed Exxon as the number one energy firm according to the S&P Global Platt’s Top 250 Global Energy Company Rankings. The 16th annual issuance of Platt’s Energy Company Rankings placed Russian firm Gazprom in the number one slot, displacing the U.S.’ ExxonMobil from the spot which it had previously occupied for 12 years. Companies... Read More
Jim Chanos is Short on Shale #OilmanNEWS 2017 November-December Shale Upstream 

Jim Chanos is Short on Shale

During the world-renowned Delivering Alpha conference in New York, Jim Chanos announced that his company Kynikos Associates was short on multiple U.S. Shale oil producers. Being “short” means that an investment firm is betting that the current valuation of a company is too high and that the price of the stock will eventually fall to match a more realistic valuation. Kynikos... Read More
Oklahoma City Firm Plans to Pioneer Drilling of Two-Mile Horizontal Well #OilmanNEWS 2017 November-December Oklahoma Upstream 

Oklahoma City Firm Plans to Pioneer Drilling of Two-Mile Horizontal Well

Due to legislation that was part of Senate Bill 867, companies can now begin drilling two-mile long horizontal wells in non-shale rock layers in Oklahoma. As News OK first noted, Tapstone Energy, an Oklahoma-City based oil producer, plans to begin the process of drilling to such a length on its wells in Dewey County. Doing so would mark the firm... Read More
Texas Petro Index Increases for Eighth Straight Month #OilmanNEWS 2017 September-October Texas Upstream 

Texas Petro Index Increases for Eighth Straight Month

On Wednesday, August 23, the Texas Alliance of Energy Producers released their Texas Petro Index (TPI) analysis for July, the results of which showed a continual increase in all of the factors that the index tracks. The TPI, a composite index which summarizes the results of a number of upstream economic indicators, including rig count, drilling permits, and the overall... 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
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