Showing the latest 30 - 60 articles

August 21, 2018

Candor Midstream gets $200 million commitment from EnCap Flatrock

BY Patrick C. Miller Houston-based Candor Midstream LLC is receiving an initial venture capital commitment of $200 million from EnCap Flatrock Midstream of San Antonio, Texas. Candor is an independent company focused on the development of midstream infrastructure. READ MORE

August 21, 2018

Halliburton introduces new automated fracking service

BY Patrick C. Miller Halliburton has unveiled its Prodigi AB hydraulic fracturing service, which the company calls a first-of-its-kind technology. It uses automation to improve efficiency, maximize perforation cluster performance and mitigate risks. READ MORE

August 21, 2018

Morgan Stanley Energy Partners, Catalyst Energy form partnership

BY Morgan Stanley Energy Partners Morgan Stanley Energy Partners and Catalyst Energy Services, Midland, Texas, have formed a strategic partnership. MSEP will make a major investment to support Catalyst's pressure pumping and oilfield services in U.S. oil and gas basins. READ MORE

August 21, 2018

Alaska North Slope to re-emerge as major U.S. oil producer

BY Staff A new energy analysis from IHS Markit says the Alaska North Slope Basin is poised to re-emerge as a major source of U.S. energy production. Recent discoveries indicate the area holds 38 billion barrels of oil equivalent in oil and gas. READ MORE

August 20, 2018

Vanguard Natural Resources transitions toward E&P operations

BY Patrick C. Miller Vanguard Natural Resources of Houston is transitioning from an upstream master limited partnership to an exploration and production company focused on organic growth. The company recently reported on its second quarter results. READ MORE

August 19, 2018

Eagle Pipe, Beemac Trucking announce Permian yard partnership

BY Patrick C. Miller Eagle Pipe has opened a new full-service Permian Basin stocking and trucking yard in Midland, Texas. The company has partnered with Beemac Trucking and Logistics for transportation and tubular management services for the new facility. READ MORE

August 15, 2018

Diamondback strikes big with $9.2B buy of Energen's shale assets

BY Diamondback Energy Diamondback Energy Inc. and Energen Corp., have announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction. READ MORE

August 14, 2018

Pioneer using 3.0 completions for 2018, upping rigs in 2019

BY Luke GeiverFor the full-year, the company will continue to operate 20 rigs before adding at least another four, next year. Roughly 275 wells will be completed and placed on production this year, according to the company. READ MORE

August 14, 2018

Moda Midstream acquires Occidental's Ingleside energy terminal

BY Moda Midstream LLC Liquids terminaling and logistics provider Moda Midstream LLC of Houston announced a definitive agreement to acquire the Oxy Ingleside Energy Center from Occidental Petroleum Corp. READ MORE

August 14, 2018

Ajax turns 2015 shale development plan into $900M-plus payout

BY Luke GeiverWhen Ajax Resources acquired assets located in the northern Midland Basin three years ago, most observers thought the acreage was along the northernmost edge of the basin and had only one prospective zone. READ MORE

August 14, 2018

Logistics, transportation industry optimistic about economy

BY Patrick C. Miller A survey of the logistics and transportation industry conducted last month by TCompanies shows a high level of optimism about the U.S. economy. Inflation and workforce shortages are viewed as potential concerns by survey respondents. READ MORE

August 13, 2018

Energy Drilling, Henderson partaking in rig resurgence

BY Luke GeiverEnergy Drilling Co. and Henderson, a Houston-based service of drilling rigs and equipment, are at the midst of what each believes is a drilling rig resurgence happening in the U.S. READ MORE

August 13, 2018

ExxonMobil announces plans to join Permian Highway Pipeline

BY ExxonMobil Under the letter of intent, ExxonMobil subsidiary XTO Energy may contract for up to 450,000 dekatherms per day (Dth/d) of capacity on the pipeline. The approximately $2 billion PHP Project will provide an outlet for increased natural gas production. READ MORE

August 07, 2018

Schlumberger reports Q2 revenue increase for North America

BY Patrick C. Miller In reporting on its second quarter activities, oilfield services giant Schlumberger said its North American revenues increased 11 percent over the previous quarter with the deployment of more fracking and directional drilling capacity. READ MORE

August 07, 2018

Texas Tech designs apparel for oil industry women

BY Patrick C. Miller A company designing a uniform for Halliburton's women in the oilfield turned to apparel designer Su-Jeong Hwang Shin at Texas Tech University. She used her expertise in 3D pattern design to provide a safe, functional uniform for women. READ MORE

August 07, 2018

Gold royalty investor to partner with Continental Resources

BY Franco-Nevada Corp. Franco-Nevada Corporation and Continental Resources Inc. have agreed to enter into a strategic relationship to jointly acquire mineral rights in the SCOOP and STACK oil and gas plays. READ MORE

August 07, 2018

Forty Acres Energy begins waterflood in Permian

BY Luke GeiverForty Acres Energy LLC has started to deploy a novel oil production method in one of the world's most productive oil plays. After forming an acre unit spanning nearly 8,000 acres, the Houston-based company is now in New Mexico. READ MORE

August 07, 2018

WPX Energy's second-quarter production higher than expected

BY Patrick C. Miller WPX Energy posted higher-than-expected production results for the second quarter of 2018. The company shared some of its results on new wells in the Delaware and Williston basins. READ MORE

August 07, 2018

S & B Engineers expands presence in Marcellus-Utica region

BY S & B Engineers and Constructors Ltd. Continued growth in the Marcellus-Utica region has resulted in S&B Engineers moving its northeast operations office to a larger space in Canonsburg, PA. Senior vice president John Martin said the move demonstrates S & B's commitment to the region. READ MORE

July 31, 2018

Northern Oil and Gas buys core Williston Basin acreage

BY Patrick C. Miller Making the largest acquisition in company history, Northern Oil and Gas has purchased 10,600 core acres in the Williston Basin from W Energy Partners for $100 million. READ MORE

July 31, 2018

Harvest Midstream acquiring Williams Partners assets

BY Patrick C. Miller Houston-based Harvest Midstream Co.—an affiliate of Hilcorp Energy Co.—will acquire the Four Corners area assets in Colorado and New Mexico from Williams Partners LP of Tulsa, Oklahoma, for $1.125 billion. READ MORE

July 31, 2018

Study looks at accelerating decline rates in the Permian

BY Staff While the Permian continues to be the big story in increased U.S. shale oil production, a new study from Wood Mackenzie cautions that using past results to predict the future can be misleading. WoodMac analyst Ryan Duman discusses the study. READ MORE

July 31, 2018

BP acquisition signals move to become major U.S. shale producer

BY Staff U.K. oil producer BP last week signaled its desire to become a major player in U.S. shale when it acquired most of BHP Billiton's North American acreage for $10.5 billion. Rystad Energy analyzed how the move impacts BP's production levels to 2025. READ MORE

July 31, 2018

Hess selling Utica joint-venture interests for $400 million

BY Patrick C. Miller Hess Corp. is selling its joint-venture interests in the Utica shale play of eastern Ohio to further focus its portfolio. The $400 million transaction is expected to occur in the third quarter this year. READ MORE

July 30, 2018

Summit Midstream, XTO form precedent agreement in Delaware Basin

BY Summit Midstream Summit Midstream Partners has announced that it has executed a precedent agreement with XTO Energy Inc., a wholly owned subsidiary of Exxon Mobil Corp., one of the largest leaseholders in the Delaware Basin. READ MORE

July 30, 2018

Equinor deploys AI-powered artificial lift tech in Bakken

BY Equinor Ambyint, the emerging player in artificial intelligence-powered artificial lift and production optimization, and international energy major Equinor today announced that Equinor will deploy Amybint's AI-tech in Equinor's Bakken assets. READ MORE

July 30, 2018

Details of BP's $10.5 billion US shale entrance

BY Luke GeiverBP has acquired 83,000 acres in the Permian Basin, nearly 200,000 acres in the Eagle Ford and another 200,000 acres in the Haynesville, putting the oil major in the heart of three major U.S. onshore shale plays. READ MORE

July 24, 2018

Bakken Conference focuses on workforce development

BY Patrick C. Miller One of the recurring topics during the 4th annual Bakken Conference & Expo last week in Watford City, North Dakota, was workforce development and its importance in meeting employment demands during the recent industry uptick. READ MORE

July 24, 2018

After merger, US Well Service set for the Nasdaq

BY US Well Service Matlin & Partners Acquisition Corp., a publicly traded special purpose acquisition company, and U.S. Well Services LLC, a high-quality provider of hydraulic fracturing services, have merged and will soon be publicly traded on the Nasdaq. READ MORE

July 24, 2018

Halliburton unveils microparticle for inaccessible reservoirs

BY Halliburton Halliburton Co. has introduced MicroScout Plus Service, an offering designed to take hydraulic fracturing, and microfracture stimulation, to the next level by reaching and effectively stimulating secondary microfractures too small for normal sand. READ MORE