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News Briefs: SM Energy Buying Oil Land in West Texas
Denver’s SM Energy Co. announced Aug. 8 that it is buying 24,783 net acres in Howard County in West Texas for $980 million from Rock Oil Holdings. The purchase will add to the company’s…
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News Briefs: Rig Count Rises for Fifth Straight Week
The number of rigs seeking oil and natural gas was up a fifth straight week by one rig to 463, according to oilfield services company Baker Hughes in data released on July 29.
The…
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News Briefs: Rig Count Increase Gives Hope to Oil Industry
The Baker Hughes’ rig count for the week ending July 8 shows a total of 10 new oil rigs added, bringing the total count to 440, up from 430 a week ago.
Losses for the week came from…
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News Briefs: US Energy Secretary Sees Oil Market Coming into Balance
Ernest Moniz, the U.S. energy secretary, says he sees the global oil market coming into balance over the next year as rising demand catches up with a 2-year-old supply glut that lowered…
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News Briefs: District Judge Stops Fracking Rule
A U.S. District Court judge in Wyoming ruled that the Department of the Interior and the Bureau of Land Management do not have authority to regulate fracking on federal and tribal…
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News Briefs: Rig Count Rises Second Straight Week
The number of rigs seeking oil and natural gas rose by six to 414 last week, according to oilfield services company Baker Hughes on June 10. It’s the second straight week the rig count…
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News Briefs: Rig Count Stays Even
The number of rigs seeking oil and natural gas in the U.S. last week stayed even at 404, according to data released by oilfield services company Baker Hughes on May 27.
The number…
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News Briefs: Wildfires Put a Stop to Oil Output in Canada
The wildfire that raged near Fort McMurray in Alberta knocked out as much as one-third of Canada’s daily crude capacity and closed some pipelines, according to Reuters news service.
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News Briefs: Man Injured in Dickinson Shooting Incident
A 59-year-old man was injured in his home on April 30 when a stray bullet from a nearby shooting passed through the wall of his trailer home in Dickinson, North Dakota.
Multiple…
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News Briefs: Halliburton, Schlumberger Cut Jobs in First Quarter
Halliburton cut more than 6,000 jobs during the first quarter of 2016, according to its first quarter operations update the company released on April 22.
Since late 2014, the…
