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US to Allow BP to Bid on New Oil Drilling Leases in Gulf
by Tennille Tracy
Dow Jones Newswires

Thursday, October 13, 2011


WASHINGTON (Dow Jones Newswires), Oct. 13, 2011
The U.S. has decided to allow BP to bid on new oil-drilling leases that go up for sale in the Gulf of Mexico later this year, less than two years after BP's Macondo well erupted and caused the worst offshore oil spill in U.S. history.
http://www.rigzone.com/news/article.asp?a_id=111790&hmpn=1

 
Hiring Trends Favor Regions Where Drilling is Most Prevalent
by Trey Cowan
Rigzone Staff
Friday, October 14, 2011

hf_111819_inside_2.jpg

It is no secret that the oil and gas industry has (and will continue to have) a propensity for job creation. Domestically, look no further than the top-five drilling states for validation. Texas, Oklahoma, North Dakota, Louisiana, and Pennsylvania (in order of largest to smallest number of rigs in each state) currently control nearly 80 percent of all land drilling in the United States. All of these states have unemployment rates that are well below the national average of 9.1 percent. Combined unemployment of the five states, for the most recent month averaged 6.6 percent.
http://www.rigzone.com/news/article.asp?hpf=1&a_id=111819
 
nnuut said:
1955
Things haven't changed that much, have they?
View attachment 15785​
Click to expand...


Some things have changed.
The number of hands in the till hasn't changed, much. ;) The "ME" percentage has probably gotten smaller. The price of gas didn't change on a near daily basis back then. But I think the BIGGEST difference between then and now you can't by fishing worms at most gas stations. :D
 
It's about time!:nuts:
Above Average Day-Rates in New GOM Deals
by Saaniya Bangee
Rigzone Staff
Monday, October 17, 2011

Offshore drilling contractors Atwood Oceanics and Ensco Monday announced new drilling contracts in the Gulf of Mexico. Recently, U.S. regulators started approving drilling plans in the GOM following the offshore drilling moratorium that was placed after Deepwater Horizon incident.
http://www.rigzone.com/news/article.asp?hpf=1&a_id=111873


 
Kinder Morgan to Purchase El Paso for Approximately $38 Billion

"This once in a lifetime transaction is a win-win opportunity for both companies," said Kinder Morgan Chairman and CEO Richard D. Kinder. "The El Paso assets are primarily regulated interstate natural gas pipelines that produce substantial, stable cash flow and have access to key supply regions and major consuming markets. The natural gas pipeline systems of the two companies are very complementary, as they primarily serve different supply sources and markets in the United States. The transaction is expected to produce immediate shareholder value (upon closing) through strong cash flow accretion and offers significant future growth opportunities."
http://phx.corporate-ir.net/phoenix.zhtml?c=119776&p=irol-newsArticle&ID=1617509&highlight=
 
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