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February 13, 2018

Pioneer to divest of assets to become Permian pure-play operator

BY Patrick C. Miller Dallas-based independent E&P Pioneer Natural Resources will divest of some Texas and Colorado acreage to become a Permian pure-play operator this year. The company also plans capital expenditures of $2.9 billion focused on its Permian acreage. READ MORE

February 13, 2018

BLM reopens comment period for venting, flaring rule

BY U.S. Bureau of Land Management The U.S. Bureau of Land Management is commencing a comment period for its revised methane waste prevention rule that the agency reconsidered under the Trump administration. READ MORE

February 12, 2018

Federal oil and gas lease sales highest in 10 years

BY Staff Sales of oil and gas leases on federal lands in 2017 generated nearly $360 million in revenue, the most in a decade and an 86 percent increase over 2016. Half the money from lease sales goes to the states in which the activity occurs. READ MORE

February 12, 2018

New shale tech: mobile resin coated proppant plant in Permian

BY Luke GeiverThe oilfield technology group of Hexion Inc. has great timing. The oil and gas arm of the greater chemical product developer recently unveiled a mobile resin-coated proppant manufacturing facility for the Permian. READ MORE

February 12, 2018

Organization opposes PA governor's natual gas severance tax

BY Patrick C. Miller Pennsylvania Gov. Tom Wolf wants legislators to pass a severance tax on the state's natural gas production. But the Marcellus Shale Coalition says industry has added $1.5 billion in revenues to the state's tax coffers, on top of other taxes paid. READ MORE

February 09, 2018

In Depth: Shale Investors Take New Direction

BY Patrick C. MillerAre the days of achieving the highest possible IP rates over? Are investors now more interested in long-term well productivity than short-term payback? If so, can producers respond to what investors want? READ MORE

February 09, 2018

In Depth: Shale's Need For Midstream

BY Luke GeiverIncreased oil and gas production across every major U.S. shale play has created strong demand for new or expanded infrastructure. How long will the trend continue? READ MORE

February 06, 2018

Warburg Pincus funds former Exxon geologist with Permian insight

BY Luke GeiverAn Exxon-trained geologist that led a Permian-based exploration and production firm that was sold in June 2017 to Marathon Oil for $1.1 billion has been tapped to lead a newly formed E&P. READ MORE

February 06, 2018

Hess activity increase in the Bakken boosts Q4 production

BY Patrick C. Miller Hess Corp. reported a net loss of nearly $2.7 billion for the fourth quarter of 2017. However, increased drilling activity in the Bakken resulted in a 16 percent production increase with 27 wells drilled and 34 new wells coming online. READ MORE

February 06, 2018

WPX Energy sells San Juan Gallup holdings for $700 million

BY WPX Energy Inc. WPX Energy has sold its holdings in the San Juan Basin Gallup play for $700 million to an undisclosed third party. The company said it plans to focus on its core positions in the Permian and Williston basins. READ MORE

February 06, 2018

Joint venture to build Gulf Coast shale gas ethylene export site

BY Patrick C. Miller Expanding international markets for ethylene have resulted in a joint venture between Enterprise Products Partners and Navigator Holdings to build a new export terminal on the U.S. Gulf Coast. The facility should be in operation by early 2020. READ MORE

February 06, 2018

Flotek releases new fluid tech tested and proven in Midland Basin

BY Flotek Industries Flotek Industries Inc., a developer and distributor of prescriptive chemistry-based technology, has announced the expansion of fluid products that were tested and proven effective in the Midland Basin. READ MORE

February 06, 2018

Lilis Energy expanding Permian ops after $18k/acre purchase

BY Luke GeiverA change in leadership isn’t stopping San Antonio-based Lilis Energy from expanding operations in its West Texas and Southeastern New Mexico Permian basin acreage. READ MORE

February 05, 2018

Opinion: In 2018, Shale Is Undersupplied

BY Luke GeiverA familiar thread is once again weaving through the stories, conversations and descriptions of the current shale space. We’ve experienced it before. READ MORE

January 30, 2018

PwC US energy lead explains optimism for shale in 2018

BY Luke GeiverThe U.S. deals leader for Pricewaterhouse Coopers believes energy companies have an opportunity to go public or execute an acquisition this year. READ MORE

January 30, 2018

Two Texas companies lauch initial public offerings

BY Patrick C. Miller FTS International of Fort Worth and Cactus Inc. of Houston have launched initial public offerings of their shares. FTS is one of the largest frack service providers in North America. Cactus designs, makes and sells oil and gas well equipment. READ MORE

January 30, 2018

Gastar Exploration sells Oklahoma non-core reserves

BY Patrick C. Miller Houston-based Gastar Exploration Inc. has entered into a purchase and sale agreement to divest of its interest in the West Edmund Hunton Lime Unit of Oklahoma for $107.5 million. The transaction is expected to close by Feb. 28. READ MORE

January 30, 2018

Canadian drillers plan to shift rigs to Permian Basin

BY Patrick C. Miller Two Canadian drilling companies based in Calgary, Alberta, will shift rigs to the Permian Basin in response to increased customer demand. Trinidad Drilling Ltd. will move eight rigs while Akita Drilling Ltd. will move its Rig 90 to Texas. READ MORE

January 30, 2018

After US tax changes, ExxonMobil ramping up Permian production

BY ExxonMobil ExxonMobil has announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico due to recent U.S. tax rate changes. READ MORE

January 30, 2018

Targa adding cryogenic processing plant to Oklahoma gas play

BY Targa Resources Targa and MPLX will construct a new 150 million cubic feet per day cryogenic natural gas processing plant in Hughes County, Oklahoma, (the Hickory Hills plant) to process growing natural gas production from the Arkoma Woodford Basin. READ MORE

January 30, 2018

High oil prices could trigger systemic industry inflation

BY Staff Artem Abramov, vice president of analysis for Rystad Energy who specializes in North American shale plays, answered questions about oil and gas trends he's identified for 2018. Continued high oil prices could trigger inflation, he says. READ MORE

January 23, 2018

Keystone XL gets enough commercial commitments to continue

BY Patrick C. Miller TransCanada now has enough commercial commitments to proceed with construction of the Keystone XL Pipeline, which will carry heavy crude from Canada to refineries on the U.S. Gulf Coast. The company is continuing to secure additional commitments. READ MORE

January 23, 2018

RPSEA rolls out 10-year plan for U.S. oil and gas R&D

BY Patrick C. Miller A technology roadmap outlining where R&D dollars should be invested for the U.S. onshore and offshore oil and gas industry has been released by the Research Partnership to Secure Energy for America (RPSEA). It includes data on emerging shale plays. READ MORE

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