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Author Archives: Mary Schimke

Mary Schimke is Managing Editor for Energy Media Group. Mary Schimke is Editor at Energy Media Group. She brings to the table 15 years of teaching, editing, and management experience. She graduated in 1999 from Minot State University with a BS in Education and a major in English. She has worked as a freelance editor for several independent clients in a variety of disciplines. Mary is currently a graduate student at Southern New Hampshire University studying literary theory, criticism, and writing.

Texas adds 7 rigs; Dec. 2 rig count totals 597

baker hughes, rig count

U.S. oil producers, especially in shale plays across the region, are likely crossing their fingers that OPEC’s commitment to cutting production will help oil prices to inch higher—and stay there. In the meantime, rig counts have inched up slightly. As reported by Baker Hughes, the number of rigs exploring for oil and natural gas went up a total of four ...

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OPEC agrees to cut production, US producers prepare to respond

OPEC headquarters

Have you been watching the price of oil? As this story is being written, WTI Crude sits at $51.37, up 31 cents. Yesterday, according to Reuters, Brent crude was at its highest in 16 months. Why the jump? Because the Organization of Petroleum Exporting Countries agreed to its first oil output reduction since 2008. Members pledged to remove 1.2 million barrels ...

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Giving back to the community builds a strong corporate bond

LTR

It is truly rare when you find a company that is more interested in helping others than helping itself.  It takes a leader who believes in paying it forward, and knowing that having a corporate reputation as a company that gives back to the community will pay off in so much more than money. That’s been the case at Light ...

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Rig count jumps up 20 to 588

Image courtesy of Encana Corp.

The number of oil and gas rigs in U.S. fields boomed this week, rising by 20 — the largest jump since the peak of the shale oil boom two years ago. U.S. oil drillers collectively sent 19 more rigs into the patch, the Houston oilfield services company Baker Hughes reported Friday. Gas drillers added one rig. The rise was driven ...

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Thanks to the Wolfcamp, Permian Basin breaks another record

Permian Basin, Wolfcamp

The U.S. Geological Service (USGS) announced the estimate of continuous oil in the Wolfcamp shale in the Midland Basin portion of the Permian Basin is almost three times that of the 2013 USGS Bakken-Three Forks resource assessment. This makes the the Wolfcamp the largest estimated continuous oil accumulation that the USGS has assessed in the United States–ever. The USGS estimates ...

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U.S. rig count declines by 1 to 568

baker hughes rig count

Baker Hughes’ latest rig count report shows the number of rigs drilling for oil rose by two this week to 452. Rigs drilling for natural gas was down 2. The total rig count fell by one to 568, still higher than the May low of 404. Total offshore rigs are down 12 from last year at this time. States losing ...

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Trump election shows promise for oil and gas industry

harold hamm endorses donald trump

The U.S. oil and gas industry shows tentative hope that a new Trump administration will “re-ignite growth in the sector,” according to a Forbes article Friday. Frank Murphy, managing director of RW Baird, said: The 45th president will likely remove regulatory impediments imposed by the Obama administration that have stymied oil and gas drilling and infrastructure buildout. Forbes reported Murphy ...

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Veterans Day 2016 – a short look back

soldier, kids, veterans day

There’s no school. The post office shuts down. Even the federal reserve takes a holiday on November 11th. Why? It’s a “holiday” to honor all service men and women: Veterans Day.   Many forget why the holiday exists. There are few WWI veterans who are still with us. The war that introduced trench warfare and was considered one of the ...

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2016 Texas Oil & Gas Awards Winners Announced

oil and gas awards

The 4th annual Texas gala ceremony was held in Houston on November 3rd at DoubleTree by Hilton Houston Greenway Plaza where hundreds of oil and gas executives gathered together to celebrate leading companies in operational excellence, innovation, corporate social responsibility, health and safety as well as environmental stewardship. Congratulations to our 2016 Texas Oil & Gas Awards Winners: Trucking Company of ...

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Hamm joins Trump’s short list of cabinet prospects

trump, hamm, cabinet

As the dust settles from this year’s presidential election, conversation has already turned to Donald Trump’s proposed cabinet. Big names like Rudy Guiliani, former New York City Mayor, and other “like-minded CEOs,” top the list for positions in Trump’s cabinet. What does this mean for the oil and gas industry? One of the industry’s most prominent businessmen could hold a ...

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