Wow! Halliburton Is Huge In Williston -- Good News! -- July 10, 2017

Over at Fox Business: Halliburton hiring surges as US fracking demand swells.

Houston, Texas-based oilfield services company Halliburton (NYSE:HAL) said Monday it has seen a surge of new job openings this year thanks to an increased demand for fracking in the United States.

The company is hiring about 100 new employees each month to keep pace with demand in west Texas and has expanded its workforce in the region by more than one-third, to 2,700 employees, the company’s head of operations in the Permian Basin Chris Gatjanis told the Houston Chronicle. Halliburton has had to extend its search for employees beyond Texas, into neighboring states and beyond.

I assume there are a lot of Bakken DUCs that are coming up on the 2-year time limit.

Meanwhile, over at Zacks, it is being reported that Chevron sells Gulf of Mexico oil fields to Cantium. Data points:

• Chevron sold five fields
• 300 active wells, 151 platforms, other assets
• the deal amount was not disclosed
• Cantium was established in 2016; is based in Covington, LA
• in line with Chevron's plan announced last year to divest $10 billion shallow water assets during 2016 - 2017
• with this deal, Chevron completes its divestment of its remaining shelf assets