Upstream oil and gas M&A and capital raising deals totaled US$130.5bn in Q2 2019 #OilmanNEWS Oil and Gas News Upstream 

Upstream Oil and Gas M&A and Capital Raising Deals Totaled $130.5 Billion in Q2 2019

The global mergers & acquisitions (M&A) and raising activity in the upstream oil and gas sector totaled US$130.5bn in Q2 2019. This was a substantial increase from the US$27.8bn in Q1 2019. On the volume front, the number of deals decreased marginally from 316 in Q1 2019 to 315 in Q2 2019, according to GlobalData, a leading data and analytics… Read More
Measuring Oil and Gas Volumes in Different Countries: Thе USA and Russian Cases #OilmanNEWS Oil and Gas News Upstream 

Measuring Oil and Gas Volumes in Different Countries: Thе USA and Russian Cases

It is well known that, if all other things being equal (or in Latin “ceteris paribus or caeteris paribus”), the volume is directly proportional to temperature and inversely proportional to pressure, which are applied to it. Or, in other words, under constant temperature and pressure, the relationship between the volume of gas and the number of moles is direct. This law… Read More
Oil Industry Shakeup Looming in the Permian Basin #OilmanNEWS Oil and Gas News Press Release Upstream 

Oil Industry Shakeup Looming in the Permian Basin

HOUSTON — Opportunities and Challenges in the Permian, a white paper commissioned by Hastings Equity Partners in partnership with the University of Houston Energy Research, has revealed major industry consolidation looming, a pending bottleneck to meet export demand at the Port of Corpus Christi and an industry challenge to transport the natural gas that is a byproduct of the crude… Read More
New brand reflects strength in data analytics and focus on creating the future of energy through partnership and collaboration #OilmanNEWS Oil and Gas News Press Release Upstream 

Drillinginfo Announces Name Change to Enverus

Austin, TX – Drillinginfo, the leading energy SaaS and data analytics company, announced today that it has changed its corporate name to Enverus. Marking both the company’s 20th anniversary and surpassing $300 million in Annual Recurring Revenue (ARR), the new name and brand better reflects the company’s identity as a leading data, analytics, and efficiency partner across the energy sector.… Read More
Bakken shale production growth will be constrained by flaring restrictions and infrastructure bottlenecks #OilmanNEWS Oil and Gas News Shale Upstream 

Bakken Shale Production Growth Will be Constrained by Flaring Restrictions and Infrastructure Bottlenecks

There is considerable potential to raise the crude oil production in the Bakken shale play from the current level of approximately 1.44 million barrels of oil per day (mmbd) to at least 2 mmbd. However, flaring regulations and infrastructure bottlenecks in North Dakota are limiting production growth, according to GlobalData, a leading data and analytics company. Bakken oil production is… Read More
#OilmanNEWS Oil and Gas News Upstream 

Measuring the Impact of Well Spacing with Novel Geospatial Technique

A key factor in the economic development of unconventional resources is determining optimal well spacing. As development of unconventional play progresses, wells naturally become spaced closer together. Operators are learning, in some cases at least, that “child” wells are performing poorer than their “parents” did. Understanding how well spacing influences performance is important in determining how many wells can be… Read More
Bechtel and CCS JV led surge in global oil & gas contracts value to US$42bn in Q2 2019 #OilmanNEWS Downstream Midstream Oil and Gas News Upstream 

Bechtel and CCS JV Led surge in Global Oil & Gas Contracts Value to US$42bn in Q2 2019

The global oil and gas industry’s total contract value reached US$42bn in Q2 2019, a massive 79 percent increase on Q1’s value of US$23.4bn according to GlobalData, a leading data and analytics company. Pritam, Oil & Gas Analyst at GlobalData, says: “This rise occurred despite there being a slight decline in the number of contracts from 1,453 in Q1 to… Read More
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