Friday, March 13, 2015

Let's Start Another Rumor: Statoil Eyes EOG -- March 13, 2015

Houston Business Journal is reporting:
Norway-based Statoil ASA may be pursuing a megadeal to acquire Houston-based EOG Resources Inc. 
Industry chatter online and off picked up in late February that Statoil was targeting EOG in a merger or acquisition that could exceed $50 billion — more than the $35 billion for which Houston-based Halliburton Co.  is buying Baker Hughes Inc. 
Analysts said the deal would make sense for Statoil, which is growing its Houston presence, and seeking to expand in U.S. shale, as EOG is the unofficial king of Texas shale. For EOG, though, it's more a matter of whether the company could be up for sale at all during the ongoing oil slump.
Active rigs in North Dakota:

Active Rigs112191186203173

Nine (9) new permits --
  • Operators: QEP (6), EOG (3)
  • Fields: Spotted Horn (McKenzie), Parshall (Mountrail)
  • Comments:
Permits renewal:
  • CLR renewed fourteen (14) Jersey permits but I don't think it changes anything; I track the Jersey permits here
  • Oasis renewed one permit, the Ellsberry Federal, in Williams County
90-Day Flaring Rule 

The Dickinson Press is reporting that conversation groups want the 90-day flaring rule re-instated.

Not Surprising

Through the grapevine: trucks not hauling much fracking sand from Minnesota, Wisconson. Still some moving by rail.

Why Does This Not Surprise Me?
Chariots-On-Fire Back In The News

You just can't win. Chevy finally has a car that emits less CO2 but instead emits CO, a much more poisonous colorless, odorless, gas.

Zacks is reporting:
GM is recalling 64,000 Chevrolet Volt hybrid electric cars, per media reports. The automaker is issuing the recall due to the problem of carbon monoxide creation when the vehicle is not shut down by the driver. The company plans to update the software to solve this issue.
I guess that would be just about all the Volts ever sold. 

Correction: only model years 2011 to 2013.

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