According to an article on Bakersfield.com, the administration of Gov. Gavin Newsom has imposed a de-facto moratorium on hydraulic fracturing while it studies permitting procedures.
Read MoreDay: September 19, 2019
Advantage Oil & Gas Announces Oil Discovery
Advantage Oil & Gas Ltd. announced that a significant Montney light oil pool has been discovered and appraised at Progress, Alberta, Canada, on the Corporation’s 47 net section block of 100% owned lands. This discovery elevates the Progress asset to be a primary element of the corporation’s near-term liquids development program.
Read MoreIs Electric Hydraulic Fracturing the Future?
Evolution Well Services announced the execution of a 30-month agreement to provide dedicated electric hydraulic fracturing services for a leading onshore oil and gas producer.
Read MorePropX, SandBox Patent Squabble Continues
Proppant Express Investments LLC (PropX) announced that the United States Patent and Trademark Office, through the Patent Trial and Appeal Board (PTAB), invalidated patent claims of a SandBox Logistics LLC patent.
Read MoreThis Week’s Market Buzz
• Oil prices have risen sharply, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S. interest rates. Brent crude futures gained $1.33 to $64.91 a barrel, while U.S. West Texas Intermediate crude was up 56 cents at $58.75 a barrel.
Read More