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Monday, August 3, 2015

Re-Fracking; Update On BHI-HAL Merger -- August 3, 2015

Note: a huge "thank you" to all readers for not pointing out the number of typographical (spelling) errors in the original post. I post as fast as I can, and will come back when I proofread later. The spelling errors have been corrected in this post. 

Rigzone has an article on re-fracking. The jury is still out. For all the writing, not much was said in the article. Re-fracking might work, it might not work.

Reuters/Rigzone reports update of the BHI-HAL merger. Tea leaves suggest the deal is dead.

Bloomberg/Rigzone reports that the situation in the oil patch, due to slumping oil prices, excess supply, poor demand, could get really, really ugly.  It appears crude oil supply will outpace demand by 1 million bopd through 2016.

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