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GE’s Oil, Gas Business To Merge With Baker Hughes.

New York Times (10/31, Bray, Subscription Publication) Wall Street Journal (10/31, Cimilluca, Mattioli, Benoit, Subscription Publication) AP (10/31) Reuters (10/31, Scheyder, Hirsch)
Tuesday, November 1, 2016

The New York Times (10/31, Bray, Subscription Publication) reports General Electric said Monday that it would combine its oil and gas business with Baker Hughes, “looking to increase its scale to battle the effects of a prolonged slump in oil prices that has eaten into results.” GE referred to the new company as the “new” Baker Hughes and it would be “one of the world’s largest providers of equipment, technology and services to the oil and gas industry.” The Wall Street Journal (10/31, Cimilluca, Mattioli, Benoit, Subscription Publication) reports that GE would benefit from such a combination . . .

Baker Hughes: US Drillers Add Four Rigs This Week With Oil Over $50 Per Barrel.

Reuters (10/14, DiSavino), KOSA-TV (10/16, Thatcher)
Monday, October 17, 2016

Reuters (10/14, DiSavino) reported the number of US oil rigs rose again this week, “extending one of its best recoveries with no cuts for 16 straight weeks, with analysts expecting more additions as crude prices hold over $50 a barrel.” Drillers added four oil rigs in the week, bringing the count up to 432, “the most since February, but still below 595 rigs a year ago,” according to Baker Hughes on Friday. Analysts “said prices over $50 were high enough to prompt energy firms to return to the well pad.” The Wall Street Journal (10/14, Stahl, Subscription Publication) reported the US gas rig-co . . .

Texas Oil Company Discovers 6B Barrels Of Light Oil Off Alaskan Coast.

AP Oct 4, 2016
Wednesday, October 5, 2016

The AP (10/4, Joling) reports Texas petroleum drilling company Caelus Energy Alaska LLC “announced Tuesday it has made a large-scale oil discovery off Alaska’s North Slope.” The company found “6 billion barrels of light oil on its state leases in the Arctic Ocean waters of Smith Bay about 450 miles northwest of Fairbanks.” The development could produce 200,000 barrels per day of light oil to the trans-Alaska pipeline, the company said.

The Biggest Winners and Losers From OPEC's Oil Deal

by Gregory Viscusi September 29,2016
Thursday, September 29, 2016

Good news for oil producers is bad news at the pump


Find an Angle With Your Haas Probe
Thursday, September 1, 2016

I’ve received a lot of feedback and questions recently about how our probing system works, and how best to use it. We made this video to help those who struggle indicating-in their parts the old-fashioned way. CHECK IT OUT >>

Haas Tip of the Day

Easily Create Your Own Custom M and G Codes
Wednesday, April 6, 2016

Watch this YouTube video on how to easily create a custom M or G code on the Haas control!

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