2016 May-June Joshua Robbins 

Building During the Downturn

An amazing opportunity has presented itself. With oil maintaining its low price, many are forming new teams, new plans and new companies. Some of these groups have decades of experience and find themselves in an extremely favorable position. They know where the best assets are, and can effectively capitalize on that knowledge. This downturn is also forcing companies to dig… Read More
2016 May-June Louisiana 

ExxonMobil Contributes $2.4 Million to Higher Ed in 2015

ExxonMobil, along with its employees, contributed over $2.4 million to higher education institutions across Louisiana through the ExxonMobil Foundation’s 2015 Educational Matching Gift Program. Throughout 2015, employees, retirees, top management, and surviving spouses were solely responsible for the contribution of over $600,000 to 19 colleges and universities in Louisiana. This amount was then met with a $1.8 million match in… Read More
2016 May-June Louisiana 

Goodrich Files for Bankruptcy

Goodrich Petroleum Corp., one of the most active companies drilling in the Tuscaloosa Marine Shale formation in Louisiana, has filed for bankruptcy. On Apr. 15, the Houston-based company filed for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. The filing will allow for restructuring of the… Read More
2016 May-June Texas 

Grassroots Campaign Launched to Restrict Imports

The Panhandle Producers and Royalty Owners Association in partnership with other oil and natural gas supporters launched a grassroots campaign this week aimed at limiting foreign imports of oil. The plan, which was unveiled at forums in Amarillo, Texas, and Artesia, N.M., calls for import quotas that would be established during the first 90 days of the country’s next President’s… Read More
#OilmanNEWS 2016 May-June 

Budget Problems Abound in the Oilfield

While lawmakers in Oklahoma work to fill the $1.3 billion hole in the state’s budget for next year, Moody’s Investors Service released reports on several oil-producing states this week, and the news was not good for the Sooner State. The report shows declining revenues for state and local entities due to the slowdown in oil and natural gas production and… Read More
#OilmanNEWS 2016 May-June 

Halliburton – Baker Hughes Merger Derailed Again

On Wednesday, the proposed merger of the No. 2 and No. 3 oilfield services firms was derailed again by the U.S. Department of Justice (DOJ), which filed a civil antitrust lawsuit in the U.S. District Court for the District of Delaware. The deal has been complicated by regulatory reviews since 2014, and is “unfixable,” according to Assistant Attorney General Bill… Read More
#OilmanNEWS 2016 May-June 

USGS Report: 7 Million Americans at Risk of Experiencing Seismic Events

The U.S. Geological Survey (USGS) on Monday released a report on seismic activity to update the agency’s 50-year seismicity projections. This forecast is updated every six years and is used by public and private entities to establish building codes and insurance rates in affected areas. For the first time, USGS researchers forecasted the risk of man-made earthquakes, and according to… Read More
#OilmanNEWS 2016 May-June 

North Texas Exploration & Production Safety Network Resurrected

Officials from the Occupational Safety and Health Administration (OSHA) along with representatives from the North Texas Exploration & Production Safety Network (NTEPS) participated in a ceremony on March 18 in Arlington, Texas, marking the revival of the safety association. The NTEPS association is a volunteer organization based in North Texas that is an independent network of the National Service, Transmission,… Read More
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