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September 24, 2018

CME launches new Houston-based WTI futures contract

BY Luke GeiverCME Group and Enterprise Product Partners LP are bringing greater transparency to the pricing and risk associated with West Texas Intermediate crude sourced from the Permian. READ MORE

September 24, 2018

OPEC: US shale oil plays major role until 2027

BY Luke GeiverTight oil produced from the U.S. will drive non-OPEC oil supply increases expected until 2027. In the next 8 years, OPEC expects non-OPEC supply to increase by 9 million barrels per day. READ MORE

September 21, 2018

Accenture and SAP team up to digitize oil and gas operations

BY Accenture Accenture, a global professional services company, is teaming with SAP to develop a cloud-based solution to digitally transform upstream oil and gas operations. It includes AI, mobility and blockchain capabilities for operations and cash flow. READ MORE

September 20, 2018

BLM revises rule to reduce flaring on federal lands

BY Patrick C. Miller The Bureau of Land Management is backtracking on an Obama administration rule issued in 2016 intended to reduce gas venting and flaring on federal lands. A revised final rule has been issued in line with Trump administration energy policies. READ MORE

September 19, 2018

Shale gas saves West Virginians $4.3 billion in energy costs

BY Staff West Virginia residents and businesses have saved $4.3 billion in energy costs over the past 10 years as a result of oil and gas development in the Marcellus and Utica shale formations, according to a new report from the Consumer Energy Alliance. READ MORE

September 18, 2018

Matador partakes in historic NM Delaware basin acreage buy

BY Luke GeiverMatador Resources invested $387 million for 8,400 gross acres,or $46,000 per acre, in the New Mexico Counties of Lea and Eddy. Both counties are situated in the prolific Delaware Basin. READ MORE

September 18, 2018

North Dakota to study gas storage as a flaring remedy

BY Patrick C. Miller With North Dakota's oil and gas production reaching all-time highs and gas capture goals not being met, the state will study the potential of temporarily storing produced gas in geologic formations until infrastructure can catch up. READ MORE

September 17, 2018

Q&A: How new shale gas standard system could impact industry

BY Staff Independent Energy Standards has created a new system for differentiating shale gas production streams. Through it’s trademarked TrustWell Responsible Gas Program, IES is able to utilize data, analytics and other information sources for ratings. READ MORE

September 17, 2018

Pioneer takes stake in U.S. Silica's Permian sand mine

BY Luke GeiverPioneer Natural Resources is now a stakeholder in a West Texas frack sand mine. Through its agreement with U.S. Silica, the Midland Basin producer will gain an interest in U.S. Silica's Lamesa, Texas-mine. READ MORE

September 13, 2018

EIA: U.S. surpasses Russia, Saudi Arabia as top oil producer

BY Patrick C. Miller The U.S. has surpassed Russia and Saudi Arabia as the world's top oil producer, according to preliminary estimates from the Energy Information Administration. U.S. crude production exceeds Saudi Arabia's for the first time in more than 20 years. READ MORE

September 12, 2018

Upgraded water treatment tech gives operators multiple options

BY Patrick C. Miller Water Standard and its subsidiary Monarch Separators have upgraded their H2O Solutions technology platform specifically for unconventional oil and gas operations. It provides multiple options for produced- and flowback-water treatment. READ MORE

September 12, 2018

Shale gas rise: report shows manufacturing from shale over $200B

BY Staff Shale gas is a powerful engine of manufacturing growth, according to Cal Dooley, president and CEO of the American Chemistry Council. Dooley and his team recently released a report that details the impact of shale gas on chemicals and plastics. READ MORE

September 11, 2018

Oil and gas industry backs EPA's proposed fix to 2016 regulations

BY Patrick C. Miller The EPA is proposing changes to oil and gas industry new source performance standards implemented by the Obama administration in 2016. Industry organizations responded positively to the revisions, which are expected to save $75 million a year. READ MORE

September 10, 2018

Schlumberger CEO: Can U.S. shale meet future global oil demand?

BY Patrick C. Miller Can North American shale oil help meet global oil demand as E&P investments continue to lag following the three-year oil price downturn? Paal Kibsgaard, Schlumberger CEO, addressed the issue during the 2018 Barclays CEO Energy-Power Conference. READ MORE

September 10, 2018

Permian in-basin sand supplier adds crude takeaway to TX site

BY Luke GeiverProppant provider Vista is adding crude gathering and takeaway operations to its list of services. The company has formed a definitive agreement with Jupiter MLP LLC to gather crude from trucks before shipping it via rail to Louisiana. READ MORE

September 10, 2018

Halliburton CEO addresses macro issues, digital options

BY Luke GeiverThe North American shale scene is looking the best it has in four years, according to Jeff Miller, CEO of Halliburton. North America is now a consistent part of the global supply and demand picture—and no longer a swing producer. READ MORE

September 06, 2018

Following 6-well test, Freedom goes all-in on Eagle Ford

BY Freedom Oil & Gas Freedom Oil & Gas Ltd announced that it has commenced drilling on its Eagle Ford shale acreage in Dimmit County, Texas. After successfully testing its acreage position, the E&P has contracted for a full-time drilling rig. READ MORE

September 06, 2018

Ares acquires Paradigm to bolster Bakken midstream assets

BY Luke GeiverAres Management LP believes its acquisition of Paradigm Energy Partners will make the company a premier regional Williston Basin midstream service. The buyout includes the Van Hook gathering system. READ MORE

September 05, 2018

Lucid Energy, other Permian midstreams secure long-term contracts

BY Luke GeiverThe largest privately held natural gas processor in the Delaware Basin has signed a long-term agreement with Marathon Oil Permian LLC. Through the new contract, Lucid will expand its footprint in the infrastructure needy Delaware Basin. READ MORE

September 04, 2018

Analysis: Midstream companies benefit from Permian production

BY Staff East Daley Capital's analysis of second quarter oil and gas data shows that the midstream sector is generally performing well. However, companies with exposure to the Permian Basin are exceeding expectations, a trend EDC expects to continue. READ MORE

September 04, 2018

Tiger Capital joins Norwegian group, invests in Permian pumper

BY Luke GeiverThrough a $5 million capital infusion, Norwegian private equity firm Norse Partners and the founders of Commander oilfield services will grow again. Tiger Capital Group, based in Houston, is providing money to acquire more equipment. READ MORE

September 04, 2018

Corps again finds no significant environmental impacts from DAPL

BY Patrick C. Miller After more than a year of court-ordered study, the U.S. Army Corps of Engineers stood by its 2016 environmental assessment which found no significant impact from the Dakota Access Pipeline, according to court documents filed Friday. READ MORE

September 04, 2018

Genesis Energy sells Powder River Basin midstream assets

BY Patrick C. Miller Genesis Energy of Houston is selling its Powder River Basin midstream assets in Wyoming for $300 million to an affiliate of Sliver Creek Midstream, located in Irving, Texas. The assets include a pipeline, crude gathering system and rail facility. READ MORE

August 31, 2018

Engineering firm selected for Appalachia regional gas hub

BY Patrick C. Miller California-based Parsons Corp. has been selected by the Appalachia Development Group in West Virginia as its engineering partner on the proposed $3.4 billion Appalachia Storage and Trading Hub, a regional facility for natural gas liquids. READ MORE

August 31, 2018

Alliance formed for projects using EcoShale oil shale technology

BY Patrick C. Miller Red Leaf Resources and Hatch have worked together for 10 years to develop EcoShale technology for oil shale projects. Now the two companies have formed a strategic alliance making Hatch the exclusive provider of engineering services for EcoShale. READ MORE

August 31, 2018

OWL, Oryx show Permian infrastructure buildout pace remains high

BY Luke GeiverThe infrastructure build-outs in the Delaware Basin continued this week. Oilfield Water Logistics announced plans for further SWD build-out and Oryx Midstream announced more plans for a crude gathering line. READ MORE

August 28, 2018

SCOOP/STACK to gain in-basin shale sand operation

BY Luke GeiverThe SCOOP/STACK shale play of Oklahoma is gaining a new in-basin frack sand mine. Black Mountain Sand, a Texas-based firm that first began operating in-basin sand operations in the Permian before expanding to the Eagle Ford, is entering Oklahoma. READ MORE

August 28, 2018

After Bakken buy, U.S. Energy eyes positive future

BY Luke GeiverU.S. Energy Corp. is acquiring a new path forward through its purchase of additional Bakken shale assets with the $17.8 million acquisition of roughly 70 wells spread across 1,600 acres in two of the main Bakken producing counties. READ MORE

August 28, 2018

Freedom Oil launches $18 million Eagle Ford drilling program

BY Patrick C. Miller Houston-based Freedom Oil & Gas has launched an $18 million continuous drilling program on its Eagle Ford shale acreage in Dimmit County, Texas. The program comes after better-than-expected initial results from six test wells. READ MORE

August 28, 2018

Permian Basin activity is driving extreme frack sand demand

BY Patrick C. Miller North American shale oil and gas activity, particularly in the Permian Basin, is driving an extreme demand for frack sand, according to a new report from IHS Markit. The report examines frack sand trends and how operators are handling bottlenecks. READ MORE

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