Justice Department Set to Block Oil Merger

The U.S. Justice Department is preparing to the stop the merger of Halliburton Co. and Baker Hughes Inc., according to the Wall Street Journal. The nearly $35 billion deal was struck to merge to the world’s second and third largest oil commodities. The impeding lawsuit would be the largest opposition the deal has faced since […]

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Factors That Will Drive U.S. Oil Production in 2015: Kemp

Reuters By John Kemp (Reuters) – Rig counts are a highly imperfect guide to future oil production but they are one of the few readily available statistics on oilfield activity so it is unwise to dismiss their importance entirely. The sharp drop in crude oil prices since June 2014 and associated fall in rig counts […]

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U.S. Rig Count Grows Despite Oil Price Slump

Fuel Fix The boom in U.S. oil production will live to see another week. The nation’s crude explorers, engaged in a pricing war with the world’s largest suppliers, defied predictions of a drilling slowdown and ran the most rigs since mid-November, boosting the U.S. count by three to 1,575, Baker Hughes Inc. said on its […]

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Electrolysis Treats Fracking Produced Water

Drilling Slowdown on Sub-$80 Oil Creeps Into Biggest U.S. Fields

Business News Network The slowdown in the U.S. oil-drilling boom spread to two of the nation’s largest fields this week. The Permian Basin of Texas and New Mexico, the country’s biggest oil play, lost four rigs targeting crude, dropping to 558, Baker Hughes Inc. (BHI.N 2.2%) said on its website Friday. Those in North Dakota’s Williston […]

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Low Oil Prices Hurting U.S. Shale Operations

Blouin News Oct 23, 2014 Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared […]

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