Showing the latest 30 - 60 articles

December 17, 2019

Milestone opens shale slurry injection site in northern Permian

BY Milestone Environmental Services Milestone Environmental Services, an industry leader in oilfield waste disposal services, has opened its newest facility in the prolific Permian Basin. READ MORE

December 17, 2019

Permian shale well base decline rates to rise in 2019

BY IHS Markit Oil and gas operators in the Permian Basin, the most prolific hydrocarbon resource basin in North America, will have to drill substantially more wells just to maintain current production levels. READ MORE

December 16, 2019

Basic exits shale pumping, focusing on midstream

BY Basic Energy Service Basic Energy Services Inc. has announced a plan to divest of its pumping services assets in multiple transactions with expected proceeds of approximately $30 to $45 million. READ MORE

December 16, 2019

Rystad explains global upstream changes, breakeven oil prices

BY Rystad Energy Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4 percent. Investments in shale/tight oil are expected to change next year toward the downside and breakeven oil prices will someday be $60/b. READ MORE

December 10, 2019

Bakken, Permian production team gains new capital from Tower Arch

BY Tower Arch Capital Tower Arch Capital has recapitalized Creedence Energy Services LLC in partnership with its founders. Creedence Energy Services provides production chemicals, acidizing services, and other custom solutions for scale and corrosion prevention. READ MORE

December 10, 2019

Flare-powered data center developer gains $70M

BY Luke GeiverCrusoe Energy Systems Inc., a technology-driven flare mitigation provider has closed on $30 million in equity funding and $40 million in project financing for a combined $70 million. READ MORE

December 10, 2019

Solaris plans dividend increase, share buybacks

BY Solaris Oilfield Infrastructure Solaris Oilfield Infrastructure has declared a 5 percent increase in its quarterly cash dividend to $0.105 per share of Class A common stock, to be paid on December 26, 2019. READ MORE

December 10, 2019

Baytex outlines 2020 Eagle Ford shale spend

BY Luke GeiverCalgary-based Baytex Energy Corp. has approved a 2020 capital budget of up to $575 million. The 2020 budget should generate roughly 95,000 barrels of oil equivalent per day. READ MORE

December 10, 2019

CME alters WTI Houston crude oil contracts

BY CME Group CME Group, the world's leading and most diverse derivatives marketplace, has announced enhanced product specifications and two additional delivery points for its WTI Houston crude oil futures contracts. READ MORE

December 10, 2019

Laredo lays out plan for Permian bolt-on acres

BY Luke GeiverLaredo Petroleum turned to its $1 billion senior secured credit facility to add on acreage that has better first-year production than existing near-by Laredo acreage. READ MORE

December 03, 2019

Top 10 Permian producer chooses new system for services division

BY IFS Endeavor's hydrocarbon production has increased significantly over the last twelve months and IFS Applications was chosen to streamline services in the field to enable the Energy Services Division to deliver more value while containing ops costs. READ MORE

December 03, 2019

Svante, Cross River to partner on CO2 projects in Permian

BY Svante Inc. When used in combination with direct air capture, Svante’s source capture technology can result in net zero carbon emissions from currently emissions-intensive industries, while a single Svante plant can capture a million tons of carbon a year. READ MORE

December 03, 2019

Japan gas provider closes deal on US shale producer's assets

BY Sabine Oil and Gas Sabine Holdings has completely divested of all its oil and gas assets since emerging from bankruptcy in August 2016. East Texas production and reserves increased significantly primarily by proving up the Haynesville play in Texas. READ MORE

December 03, 2019

Rating agency explains financial landscape for energy firms

BY Luke GeiverFull-service credit rating agency Kroll Bond Rating Agency, believes that differentiation in the energy industry in terms of operational and financial risk management has increased. READ MORE

December 03, 2019

EIA assembles new data set to track shale well production changes

BY Luke GeiverThe total number of horizontally drilled wells has increased 28 percent to reach 126,000 wells in 2017. Horizontal wells drilled in shale formations are now the most prolific producers in the entire U.S. READ MORE

November 26, 2019

FERC approves 3 LNG export projects in TX

BY Luke GeiverThe U.S. Federal Energy Regulatory Commission has approved multiple liquefied natural gas export projects based out of Texas this month. The approvals could make Brownsville, Texas, a LNG export hub. READ MORE

November 26, 2019

International oil service firm buys in to Permian

BY Luke GeiverPetrofac Limited has signed a Sale and Purchase Agreement with the shareholders of W&W Energy Services to acquire an entry-level position in the US onshore operations and maintenance market within the Permian shale play. READ MORE

November 26, 2019

New report shows massive investments in Ohio shale

BY JobsOhio Total investment in Ohio's resource rich shale energy sector has reached $78 billion since tracking began in 2011, according to a Cleveland State University (CSU) study. READ MORE

November 26, 2019

Oseberg releases unique NM Permian data

BY Oseberg These datasets provide full visibility to market activity throughout the asset development lifecycle. Data includes deeds, leases, assignments, agreements, spacing & pooling applications and orders, spacing units, state and federal drilling permits. READ MORE

November 26, 2019

Morphpackers find success with Eagle Ford refracs

BY Morphpackers Morphpackers, a provider of revolutionary and highly innovative expandable steel packers for the oil and gas industry, has completed 17 installations of its Cementable MorphAnchor within the Eagle Ford shale play. READ MORE

November 26, 2019

Fluor Corp wins award for gas processing tech

BY Fluor Corp. Fluor’s DDP technology enables a single gas processing plant to recover high levels of propane—95 percent or greater—in both ethane rejection and ethane recovery modes without the use of a turboexpander. READ MORE

November 19, 2019

Deloitte Study: How to walk shale tightrope in 2020

BY Luke GeiverEntering 2020, the oil and gas industry will face unique economic, trade and political headwinds, according to the lead analysts at global research and consulting firm Deloitte. READ MORE

November 19, 2019

MDU lays out 5 year plan, with Bakken projects included

BY Luke GeiverA Williston Basin infrastructure, midstream and construction powerhouse has issued a five-year capital investment plan. MDU Resources said this month it intends to spend roughly $2.9 billion during the next five years. READ MORE

November 19, 2019

Flare tech, data center providers partner in shale fields

BY Mesa Natural Gas Solutions The agreement utilizes Mesa's proprietary generators to turn otherwise wasted natural gas into electricity for powering edge computing data centers. READ MORE

November 19, 2019

Ecopetrol, Oxy finalize JV deal for Permian development

BY Ecopetrol Ecopetrol S.A. has finally completed the joint venture transaction announced last July 31, 2019. the company and Occidental Petroleum Corp. have agreed to form a strategic alliance or Joint Venture for the development of unconventional reservoirs. READ MORE

November 19, 2019

NM joins western states natural gas expansion, use plan

BY Western States and Tribal Nations Natural Gas Initiative New Mexico’s joining creates the potential for other export avenues for the San Juan and Permian basins, especially after the State of Baja California, Mexico, became part of WSTN in August. READ MORE

November 12, 2019

OspreyData's new shale product could help digital oilfield

BY OspreyData The Unified Monitor solution enables an oil company to shorten the time to value when transitioning to a digital oilfield by enabling centralized collection and surveillance from a combined view of all production regardless of SCADA or lift type. READ MORE

November 11, 2019

Shale report details role of oil price, investors to growth

BY IHS Markit U.S. shale production, the chief source of rapid growth that made the United States the world's largest oil producer, is slowing, says a new report by IHS Markit. READ MORE

November 11, 2019

Shale tests show advantage of unbundling fracture fluids

BY Bosque Systems Bosque specializes in unbundling fracture fluids with its OptiFluids product line. It customizes programs to ensure each chemical used in the fracking process produces the intended results based on operator goals. READ MORE

November 05, 2019

Pioneer reiterates strategic shale plans in Q3 update

BY Luke GeiverPioneer Natural Resources is continuing its strategic vision to provide greater shareholder value, reduce operating costs and monetize near-term assets associated with its massive Midland Basin oil and gas position. READ MORE