Showing the latest 30 - 60 articles

February 04, 2019

Report outlines impact of Venezuela turmoil on global oil market

BY IHS Markit A new report by IHS Markit on Venezuela examines the impact of U.S. sanctions on the country's oil industry as well as the implications for the global oil market. READ MORE

February 04, 2019

2 shale pipeline updates show possibilities for Bakken, Permian

BY Luke GeiverThe push to build more shale oil transport pipelines across the country’s largest plays isn’t slowing down. In January, multiple projects were announced or updated, including a light oil pipeline for the Bakken and Permian. READ MORE

February 04, 2019

Target Lodging earns new Permian workforce contracts

BY Luke GeiverThe demand for workforce housing in the Permian remains. Target Lodging recently announced new contracts with four oilfield service companies that will provide the global workforce housing provider with a contract valued at $200 million. READ MORE

January 31, 2019

ExxonMobil restructuring to optimize unconventional, E&P ops

BY ExxonMobil We’re simplifying and integrating our upstream organization to better capitalize on the portfolio we’ve assembled through acquisitions and exploration success in the U.S. Permian Basin, Guyana, Mozambique, Papua New Guinea and Brazil, said ExxonMobil READ MORE

January 31, 2019

Continental Resources provides the shale scoop on SpringBoard

BY Luke GeiverWith multiple rigs running, the project entails multiple rows of drilling pads targeting stacked pay zones. Initial plans called for 7,500 foot laterals but recent laterals have reached closer to 10,000 feet. READ MORE

January 29, 2019

Permian vets, Charlotte investor group form new shale E&P

BY Hatch Resources Hatch Resources, a newly formed oil and gas exploration and production company based in Austin, Texas, and Ridgemont Equity Partners, a middle market buyout and growth equity firm, have announced a plan to target and develop Permian assets. READ MORE

January 28, 2019

Enerplus to invest heavily in Bakken in 2019 and beyond

BY Luke GeiverEnerplus will remain focused on the Williston Basin in 2019. The Calgary-based exploration and production entity will spend roughly 80 percent of the $635 million allocated for 2019 across a 42-well program in North Dakota. READ MORE

January 28, 2019

Study reveals benefits, impacts of Bakken oil, gas taxes to ND

BY North Dakota Petroleum Council From 2008 to 2018, oil and gas extraction and production taxes have raised almost $18 billion for the state, which accounts for almost 44 percent of total tax revenues collected by the state during that period. READ MORE

January 28, 2019

New shale tech provides real-time picture, avoids frack hits

BY Luke GeiverA new technology that allows hydraulic fracture engineers to view a real-time picture of a created fracture network in shale oil and gas wells has received $10.5 million in backing. READ MORE

January 28, 2019

WBI details new Bakken gas transport pipeline

BY Luke GeiverA proposed 67-mile natural gas pipeline will improve Bakken gas takeaway options from the core of the play. WBI Energy Inc, a subsidiary of MDU Resources Inc., announced plans to construct the pipeline for a cost of $220 million. READ MORE

January 25, 2019

North American Shale Magazine announces 2019 conference dates

BY Staff Both events will feature operator updates, investor perspectives and technology trend explanations during the two-day, high-scale events. The events will provide attendees with in-depth stories and powerful intel on the play’s hottest topics. READ MORE

January 24, 2019

DNV GL report: Oil industry will invest, but be tested in 2019

BY Staff DNV GL, a global oil and gas information and analysis company based in Norway, has issued its 2019 outlook for the world's oil and gas industry. The main takeaway from the industry analysis shows several key trends in 2019. READ MORE

January 23, 2019

University Lands selects 2 water providers for Delaware Basin oil

BY Layne Water Midstream H2O Midstream and Layne Water Midstream have signed a long-term contract with University Lands to jointly serve as the exclusive preferred water services provider on 167,000 acres located in the Delaware Basin. READ MORE

January 22, 2019

Schlumberger’s 2019 shale view: more of the same

BY Luke GeiverAfter a positive year for revenue growth in most U.S. sectors, the world’s largest energy service company said in its full-year and fourth quarter 2018 call to investors that exploration and production activities targeting U.S. shale will remain. READ MORE

January 22, 2019

ICE enhances Permian WTI crude futures contract options

BY Intercontinental Exchange Inc. Intercontinental Exchange Inc., an operator of global exchanges and clearing houses and provider of data and listings services, has enhanced its ICE Permian WTI crude oil futures contract. READ MORE

January 22, 2019

Pipeline giants partner to expand Williston, DJ Basin takeaways

BY Tallgrass Energy Tallgrass Energy and Kinder Morgan Inc. have announced an agreement to jointly develop a solution to increase existing crude oil takeaway capacity in the growing Powder River, DJ, and Williston Basins. READ MORE

January 21, 2019

Oilfield tool maintenance provider expanding in Bakken, DJ Basin

BY Luke GeiverKoltek Energy Services is expanding its oilfield tool and equipment services to meet the needs of clients in the Bakken, DJ Basin, and Powder River Basin. READ MORE

January 21, 2019

Pin Oak building rail, liquid storage at US shale export site

BY Luke GeiverPin Oak will connect shale oil export infrastructure at Corpus Christi, Texas, to rail lines that will give producers in the Permian and Eagle Ford more flexibility to move product to export tankers. READ MORE

January 17, 2019

UK group planning CO2 sequestration trials in Europe, US shale

BY Very Large Scale Decarbonization Partners VLS Decarb is planning similar field trials in several U.S. shale basins where, pending results, these trial sites will be developed into fully functioning carbon dioxide storage facilities capable of permanently storing a significant percentage. READ MORE

January 17, 2019

Major midstream providers for shale producers up Q4 dividends

BY Luke GeiverTwo of the largest midstream service providers for shale oil and gas are increasing their dividend payments to shareholders. ONEOK Inc. and Kinder Morgan Inc. are each raising shareholder payouts. READ MORE

January 15, 2019

New research identifies hidden frack networks to boost production

BY Los Alamos National Laboratory By considering the closure of preexisting fractures caused by tectonic events in the distant past and taking into account water seepage forces not previously considered, researchers are improving shale gas and oil production. READ MORE

January 14, 2019

Shale water recycling Co adds Bakken on-site water test kit

BY Resirkulere USA Inc. The use of this system will allow Resirkulere clients to test, diagnose and treat water (frack, flowback or produced) in real time at the well site while having the confidence of lab quality results from the combined systems. READ MORE

January 10, 2019

Chesapeake shares rig, activity, hedging plans for 2019

BY Luke GeiverChesapeake Energy expects to maintain its rig count this year in the Eagle Ford acreage the Oklahoma City operator acquired from WildHorse Resources late last year. The E&P shared other plans for 2019, including hedging and rig count. READ MORE

January 10, 2019

New Anadarko findings: 16-billion-barrel unconventional potential

BY IHS Markit Among the most surprising results was the vast potential of the Simpson shale formation, which IHS Markit now believes could be one of the biggest yet-to-be developed shale plays in the U.S. READ MORE

January 09, 2019

Downhole tool maker earns $50M investment for expanding in shale

BY Luke GeiverPost Oak Energy Capital believes in the need for downhole tooling in the unconventional oil and gas industry. The investment firm just provided $50 million in capital to Houston-based Prime Downhole Holdings LLC. READ MORE

January 09, 2019

TX sand news: supplying Eagle Ford, easing Permian flowback issue

BY Luke GeiverFrack sand season is still in full swing across Texas. In South Texas, Chesapeake energy has signed an agreement with Emerge Energy Services. In the Permian, new resin coated options could reduce flowback issues. READ MORE

January 08, 2019

Could acoustic tech make shale fracking better?

BY Oak Ridge National Laboratory A team of researchers at Oak Ridge National Laboratory are using a combination of neutron and x-ray scattering to make hydraulic fracturing safer and more efficient. Tests are already showing promising results. READ MORE

January 07, 2019

Elliott makes take-over bid of shale player QEP Resources

BY Luke GeiverActivist hedge-fund Elliott Management Corp. believes in the moves QEP Resources made in 2018 to become a pure-play Permian operator. Now, shareholders of the Denver-based company may be rewarded. READ MORE

January 07, 2019

Still after shale play infrastructure, ArcLight revises buy-out

BY Luke GeiverArcLight Energy Partners interest in fully acquiring American Midstream Partners and its assets across multiple shale plays hasn't waned since the Boston-investment firm first announced plans to acquire its assets. READ MORE

January 07, 2019

To build E&P of the future, Concho adds several new leaders

BY Luke GeiverConcho Resources, one of the Permian's largest exploration and production company, is starting 2019 with new leadership roles, including several new vice president level appointments. READ MORE