Texas upstream news

Ownership of the Noble Roger Lewis, Noble Scott Marks, Noble Joe Knight and Noble Johnny Whitstine as well as employment of the crews has been transferred to a subsidiary of ADES International Holding Ltd.

Halliburton posted net income attributable to the company of US$236 million, or 26 cents per share, in the 3 months ended 30 September, compared with a loss of US$17 million, or 2 cents per share, last year.

The new technology, operations and commercial Black Hills site has more than 5000 ft2 of office and networking space, a 3500 ft2 laboratory and an 80 000 ft2 production area.

The Nabors Industries rig reached total depth on a horizontal well for ExxonMobil in the Permian Basin.

Ocean Geo Solutions’ current workforce, including geophysicists, cartographers and support staff will continue to operate out of its Houston office.

The new company will be known as HMH, and Baker Hughes and Akastor will own equal equity.

More than 99% of Cabot shareholders and more than 90% of Cimarex shareholders were in favour of the merger.

The company is aiming to expand into new markets, geographies, and sectors to provide advanced subsurface wellbore construction solutions.

Larry Kerr has been appointed CEO of GD Energy Products.

The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected to increase by almost 0.90 million bpd from 4.5 million bpd in 2021 to 5.4 million bpd by 2030.