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Tesco appoints new president, chief executive officer

Tesco Corp., Houston, has named Fernando R. Assing, currently executive vice-president and chief operating officer, as the company’s next president and chief executive officer. Assing will succeed Julio M. Quintana, who will retire Jan. 1, 2015.

Agustiawan to step down as Pertamina president director

Karen Agustiawan, president director of PT Pertamina, has officially confirmed her plan to resign, ending her tenure effective Oct. 1.

Pemex outlines restructuring plans

Petroleos Mexicanos (Pemex) reported it is establishing affiliates to provide drilling, logistics, and electricity services as part of its corporate restructuring in response to Mexico’s sweeping energy reform that ended Pemex’s monopoly on oil and gas activities.

Western gulf lease sale attracts $110 million in high bids

Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in apparent high bids, reported the US Bureau of Ocean Energy Management (BOEM), which held the event on Aug. 20 in New Orleans.

Lawler to lead BP’s US Lower 48 onshore business

BP PLC has appointed David Lawler as chief executive officer of its Houston-based US Lower 48 onshore business that’s slated to formally become a separate entity in early 2015.

Shell reshuffles US shale assets in two major deals

Royal Dutch Shell PLC has agreed to two separate transactions in which it will exit its Pinedale and Haynesville onshore gas assets in exchange for $2.1 billion in cash and acreage in the Marcellus and Utica shale regions.

Rex Energy to acquire Marcellus, Utica acreage

Rex Energy Corp., State College, Pa., has agreed to acquire 100% interest in 208,000 gross acres prospective for the Marcellus, Upper Devonian-Burkett, and Utica shales in Pennsylvania and Ohio from Swepi LP, an affiliate of Royal Dutch Shell PLC, for $120 million in cash. The transaction is expected to close in September.

Marcellus/Utica Briefs

Marathon tests water conservation, downspacing in Bakken

Marathon Oil Corp. is seeking to reduce the environmental impact of operations in the Bakken shale by reducing the amount of water used during hydraulic fracturing and testing wastewater recycling techniques.

Canada Briefs

Encana dives into Eagle Ford; deal will double oil production

Encana Oil & Gas (USA) Inc. took a leap forward on plans to increase oil production with its $3.1 billion purchase of assets in the Eagle Ford shale.

Permian briefs

Eagle Ford Briefs

High cost of maintaining Eagle Ford roads strains DeWitt County

Development of the Eagle Ford shale has transformed rural DeWitt County, Tex., into one of the top oil and gas producing counties in Texas, bringing with it a welcome economic stimulus.

House Democrats call for higher federal onshore royalty rates

Rep. Alan Lowenthal (D-Calif.) urged the US Department of the Interior to raise the 12.5% royalty rate oil and gas producers pay for production from onshore federal lands.

Market Connections

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

NOW HIRING: QHSSE

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

 

Colorado School of Mines

Multiple Faculty Openings

Colorado School of Mines Petroleum Engineering Department invites applications for multiple full-time faculty positions.    
lewis livestock

RAILROAD ON 3 SIDES FOR SALE OR LEASE

RAILROAD ON 3 SIDES FOR SALE OR LEASE. 23 ACRES and 5 Water Wells On Site: SAN ANGELO, TX. Contact Steve Lewis: 575-202-2111 // lewislivestock@hotm...

Sale of Oil and Gas Leases

Notice of Sale of Oil and Gas Leases

 

Oil & Gas Conferences

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Event Title Date Type

Offshore Middle East Conference & Exhibition

January 26, 2015
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