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Senex Energy completes initial flow test of Gemba-1, in the Cooper basin

1 hour ago DieselGasoil Comments Off on Senex Energy completes initial flow test of Gemba-1, in the Cooper basin
12/18/2018 BRISBANE — Senex Energy Ltd. has successfully completed the initial flow test of the Gemba-1 gas exploration well in the Cooper basin, with stabilized flow rates of approximately 8 MMscfd, plus associated liquids. Senex Managing Director and CEO Ian Davies said: “Senex is delivering on its strategy to become a material supplier of gas Read More

U.S. Well Services Expands Liquidity Through New Credit Facility, Provides Business Update

1 day ago DieselGasoil Comments Off on U.S. Well Services Expands Liquidity Through New Credit Facility, Provides Business Update
HOUSTON, Dec. 17, 2018 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) (“USWS” or the “company”) today announced an expansion of its borrowing capacity with the addition of a $75 million second lien delayed draw credit facility provided by Piper Jaffray Finance, LLC and an amendment to its existing first lien credit facility.  The Read More

Britain's Cuadrilla pauses gas fracking again following more tremors

4 days ago DieselGasoil Comments Off on Britain's Cuadrilla pauses gas fracking again following more tremors
FILE PHOTO: Cuadrilla’s Preston Road fracking site is seen near Blackpool, Britain, October 22, 2018. REUTERS/Hannah McKay LONDON (Reuters) – British shale gas company Cuadrilla has paused fracking at its Preston New Road site in Lancashire, northwest England, for the fourth time since October following a minor seismic event, it said on Friday. The company Read More

Precision Drilling Announces Credit Facility Extension and $150 Million Total Debt Reduction in 2018

5 days ago DieselGasoil Comments Off on Precision Drilling Announces Credit Facility Extension and $150 Million Total Debt Reduction in 2018
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. CALGARY, Alberta, Dec. 13, Read More

U.S. Well Services Finalizes Third Electric Frac Contract with Apache Corporation

6 days ago DieselGasoil Comments Off on U.S. Well Services Finalizes Third Electric Frac Contract with Apache Corporation
HOUSTON, Dec. 12, 2018 (GLOBE NEWSWIRE) — U.S. Well Services Inc. (NASDAQ: USWS) today announced that it has signed an electric frac fleet contract with Apache Corporation. Under the terms of the contract, USWS will begin operations for Apache in the second quarter of 2019 in the Permian basin utilizing USWS’ next generation, rapid deploy Read More

Cuadrilla pauses gas fracking at English site after more tremors

1 week ago DieselGasoil Comments Off on Cuadrilla pauses gas fracking at English site after more tremors
LONDON (Reuters) – British shale gas company Cuadrilla has again paused fracking at its Preston New Road site in Lancashire, northwest England, after tremors were detected, the company said. FILE PHOTO: Cuadrilla’s Preston Road fracking site is seen near Blackpool, Britain, October 22, 2018. REUTERS/Hannah McKay This marks the third time operations have been halted Read More

SMG Industries, Inc. Announces the Acquisition of Momentum Water Transfer Services

1 week ago DieselGasoil Comments Off on SMG Industries, Inc. Announces the Acquisition of Momentum Water Transfer Services
Frac Water Transfer Company Represents New Platform for SMG in Frac Water Management   HOUSTON, TX, Dec. 10, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – SMG Industries, Inc. (the “Company”) (OTCQB: SMGI), a growing oilfield services company operating in the Southwest United States, today announced the acquisition of Momentum Water Transfer Services, LLC. (“Momentum”) which Read More

In major shift, U.S. now exports more oil than it ships in

2 weeks ago DieselGasoil Comments Off on In major shift, U.S. now exports more oil than it ships in
(Reuters) – The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply. FILE PHOTO: A tug Read More

Fracing slump deepens as Schlumberger walks oil `tightrope'

2 weeks ago DieselGasoil Comments Off on Fracing slump deepens as Schlumberger walks oil `tightrope'
By David Wethe on 12/4/2018 HOUSTON (Bloomberg) — The North American fracing market — already expected to be a downer for the holidays — is turning out to be even worse than expected, according to the world’s biggest oil-service provider. Schlumberger Ltd. expects sales in the U.S. and Canada to drop 15% in the final Read More

Precision Drilling Confirms Its Offer; Strongly Encourages Trinidad Drilling Shareholders Not to Tender to Ensign Offer and to Vote for Value Creating Combination With Precision

4 weeks ago DieselGasoil Comments Off on Precision Drilling Confirms Its Offer; Strongly Encourages Trinidad Drilling Shareholders Not to Tender to Ensign Offer and to Vote for Value Creating Combination With Precision
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. CALGARY, Alberta, Nov. 23, Read More