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December 15, 2017

To keep up with shale demand, Keane orders new frack equipment

BY Keane Favorable conditions have continued to improve throughout the year, and robust 2018 capital budgets announced by producers in recent weeks have amplified and validated the growing demand for our services, which remains in excess of supply. READ MORE

December 15, 2017

Global energy trader eyes crude terminal project to move TX shale

BY Luke GeiverVitol, a global energy and commodity trading company that trades more than 7 million barrels of crude oil per day, has begun talks with Harvest Pipeline Co. on a new crude oil terminal located near Corpus Christi to move barrels from Texas shale. READ MORE

December 15, 2017

Houston midstream companies form DJ Basin joint venture

BY Patrick C. Miller Houston-based companies Noble Midstream Partners and Greenfield Midstream have formed a joint venture partnership to acquire the assets of Saddle Butte Rockies Midstream in Colorado's DJ Basin. The new partnership is called Black Diamond Gathering. READ MORE

December 14, 2017

Phillips 66, Enbridge plan west Texas crude pipeline

BY Patrick C. Miller Phillips 66 and Enbridge are planning a 385,000-barrel-per-day crude pipeline from the Permian in west Texas to Gulf Coast ports providing refining capacity and export opportunities. The Gray Oak Pipeline should be in service by 2019. READ MORE

December 14, 2017

Marcellus shale development doesn’t affect mortality rates

BY Staff A new report analyzing health data from six Pennsylvania counties with heavy gas development in the Marcellus shale play in a 10-year period shows that the development has had little or no impact on human health. READ MORE

December 14, 2017

Helmerich & Payne acquires Magnetic Variation Services

BY Helmerich & Payne Inc. Helmerich & Payne Inc. has acquired Magnetic Variation Services LLC (MagVAR), an industry leader in enhancing the accuracy of directional drilling and wellbore optimization. MagVAR provides measurement while drilling survey corrections. READ MORE

December 12, 2017

Bakken pure-play Oasis enters Delaware shale

BY Staff Oasis Petroleum is no longer a pure-play Bakken producer. Through its acquisition of 20,300 net acres in the Delaware Basin, the Oasis team now has operations in the core acreage of the leading U.S. shale oil plays. READ MORE

December 12, 2017

PDC Energy expects 25 percent production increase for 2018

BY Patrick C. MillerPDC Energy, an independent E&P company headquartered in Denver, next year expects a 25 percent production increase for its operations in Colorado's Wattenberg Field and the Delaware Basin in Texas. It plans capital investments of up to $920 million. READ MORE

December 12, 2017

Eclipse Resources acquires Flat Castle acreage in Utica

BY Patrick C. Miller In a deal valued at $93.7 million, Eclipse Resources will acquire 44,500 acres in the Utica shale of north central Pennsylvania from Travis Peak Resources. An Eclipse subsidiary is also buying $18.3 million of midstream assets in the region. READ MORE

December 11, 2017

Rail car data firm, proppant handler combine to help shale

BY Staff The demand for proppant during times of high oilfield activity has created several services, technologies or trends,from proppant delivery infrastructure to the opening of idled sand mines. Railtronix is now bringing data to proppant suppliers. READ MORE

December 11, 2017

Baytex reaffirms commitment to Eagle Ford for 2018

BY Luke GeiverThe Eagle Ford shale will be Baytex Energy Corp's first call for capital deployment in 2018. With internal rates of return of 70 percent possible at $55 oil, the Canadian exploration and production entity will put 55 percent of capital to Texas. READ MORE

December 11, 2017

Bill Barrett Corp, Fifth Creek to form major DJ Basin producer

BY Luke GeiverThe combination of Denver-based exploration and production firm Bill Barrett Corp. with Fifth Creek Energy could create a major, pure-play DJ Basin producer in a deal valued at $649 million. READ MORE

December 11, 2017

Chevron plans to spend $3.3 billion in Permian next year

BY Patrick C. Miller In 2018, Chevron plans to spend $3.3 billion of its $18.3 billion capital and exploratory budget in the Permian Basin. Another $1 billion will be invested in shale and tight rock oil and gas and $6.6 billion will be spent on U.S. upstream assets. READ MORE

December 07, 2017

New industry partnership focuses on cutting emissions

BY Patrick C. Miller A newly formed oil and gas industry organization known as The Environmental Partnership aims to voluntarily reduce emissions of methane and volatile organic compounds through three performance programs. Twenty-six companies have already joined. READ MORE

December 05, 2017

Preferred’s frack sand sell-off marks new shale in-basin strategy

BY Luke GeiverPreferred Proppants LLC is taking a new, more regional approach to the frack sand supply business. The Pennsylvania-based sand producer and supplier has chosen to reduce rail fleets and out-of-basin production sites. READ MORE

December 05, 2017

Judge orders DAPL builder to work with tribes on spill plan

BY Patrick C. Miller A federal judge on Monday ordered Dakota Access LLC and the U.S. Army Corps of Engineers to work with two Dakota Sioux tribes to develop an oil spill response plan for the Dakota Access Pipeline Missouri River crossing site in North Dakota. READ MORE

December 05, 2017

New study explains competition between oil sands, tight oil

BY IHS Markit The abundance of so much light, tight oil will weigh on any new significant investment in heavy oil processing in North America, the study says. READ MORE

December 05, 2017

Magellan’s new proposal: connect Permian, Eagle Ford to TX coast

BY Luke GeiverMagellan Midstream has proposed a new pipeline project that would connect Permian and Eagle Ford crude production with export and refining locations in Corpus Christi and Houston, Texas. READ MORE

December 05, 2017

OPEC, Russia oil cuts for 2018 hinge on June meeting

BY Luke GeiverThe Organization of the Petroleum Exporting Countries decision last year to form a declaration of cooperation among members and non-OPEC members to install oil production curtailments will continue for another year. READ MORE

December 05, 2017

Continental announces more Bakken oil exports

BY Patrick C. Miller Continental Resources Inc. is exporting another 430,000 barrels of Bakken crude to international markets. Company chairman and CEO Harold Hamm said the transaction represents "the new reality of the United States as a world energy leader." READ MORE

December 05, 2017

Natural gas becoming fuel of choice for electrical generation

BY Staff As aging coal and nuclear power plants are retired, natural gas from shale is increasingly becoming the fuel of choice for new electrical generation. Gas Power Engineering & Construction outlines the trends in a new white paper. READ MORE

December 04, 2017

In Depth: Game on for Gas Capture Technology

BY Patrick C. MillerIncreases in shale gas production combined with less takeaway capacity and evolving markets translate into a comeback for flare tech READ MORE

November 28, 2017

Keystone Pipeline resumes operations after leak repaired

BY Patrick C. Miller TransCanada today announced that the Keystone Pipeline carrying crude from Canada to locations in Illinois and Oklahoma was back in service. The line had been out of service since Nov. 17 when a 5,000-barrel leak was discovered in South Dakota. READ MORE

November 28, 2017

Milestone opens second Permian oilfield waste facility

BY Milestone Environmental Services Milestone Environmental Services has opened a state-of-the-art facility in Texas to serve Permian customers in the Midland Basin. The new facility accepts drilling waste streams and some completion and production waste. READ MORE

November 28, 2017

Predator drilling acquires JB Hunt Drilling assets for Permian

BY Luke GeiverThe Canadian-based drilling contractor entered the Permian Basin drilling scene in September 2016 and now it has found a way to expand through acquisition. READ MORE

November 28, 2017

6 major Permian producers partner on watershed project

BY Luke GeiverNoble Energy, Occidental Petroleum, XTO Energy and other major U.S. shale operators have signed on to be a part of the Pecos Watershed Conservation Initiative. READ MORE

November 28, 2017

Morgan Stanley, former ETP president partner on Midcon project

BY Luke GeiverThe SCOOP and STACK plays in the Midcontinent region of North America's shale landscape are worth investing in for Morgan Stanley Energy Partners. READ MORE

November 27, 2017

Eight companies commit to reducing methane emissions

BY ExxonMobil Eight major players in the oil and gas industry have signed an agreement to reduce methane emissions from the natural gas assets they operate internationally. BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall signed the agreement. READ MORE

November 21, 2017

Keystone XL clears final permit hurdle in Nebraska

BY Patrick C. Miller Nebraska on Monday became the final state to grant a permit to the $8 billion TransCanada Keystone XL Pipeline Project that will provide Canadian crude access to U.S. Gulf Coast refineries. The project faces opposition from environmental groups. READ MORE

November 21, 2017

After $27M asset sale, Earthstone turns focus to Midland

BY Luke GeiverEarthstone Energy Inc. is turning its entire unconventional oil and gas development focus to Texas. The company announced plans to sell roughly $27 million in assets located in the Williston Basin. READ MORE

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