Showing the latest 30 - 60 articles

May 23, 2017

Shale producers to Trump: rethink view on role of oil industry

BY Luke GeiverOil producers from the Southwest U.S. are urging the Trump administration to rethink how the federal government views crude oil. A group of producers wants the U.S. crude production industry to viewed on par with those of steel, defense and autos. READ MORE

May 23, 2017

USGS estimates Texas formation holds 4.2 billion barrels of oil

BY Staff The USGS recently revised its estimate of recoverable oil in the Spaberry formation of the Permian Basin in Texas from 500 million barrels to 4.2 billion barrels. Fracking and horizontal drilling are the reason the estimate was adjusted upward. READ MORE

May 23, 2017

Select Energy Services sees improvement in first quarter 2017

BY Patrick C. Miller Increases in drilling and completions and a key acquisition enabled Texas-based Select Energy Services to improve its revenues for the first quarter of 2017. The company provides water solutions for the U.S. unconventional oil and gas industry. READ MORE

May 23, 2017

Data, company expansions show continued increase in TX, NM shale

BY Luke GeiverSupport activities for mining continue to increase in West Texas and Eastern New Mexico. Data from the Federal Reserve Bank of Dallas combined with continued company expansions into the region help explain where the increases are happening. READ MORE

May 23, 2017

Energy Transfer Partners to build Permian Express 3 pipeline

BY Patrick C. Miller Energy Transfer Partners is responding to increased production in the Permian Basin of western Texas by building the Permian Express 3 pipeline from near Midland to Nederland on the Gulf Coast. It's expected to enter service later this year. READ MORE

May 23, 2017

Delaware Basin gains another gas processing facility

BY Luke GeiverDelaware Basin oil and gas producers now have another option for processing their gas following the startup of a cryogenic natural gas processing plant in Lea County, New Mexico. Lucid Energy Group, has started up the facility. READ MORE

May 22, 2017

Keane Group expands services with RockPile Energy acquisition

BY Patrick C. Miller Already one of the largest pressure pumping fleets in the nation, Keane Group Inc. will expand by 26 percent with the acquisition of Denver-based RockPile Energy Services. The stock and cash transaction is valued at nearly $285 million. READ MORE

May 16, 2017

OPEC, Permian will influence future ND oil production

BY Patrick C. Miller Although North Dakota's crude production fell slightly in March, overall production remained above 1 million barrels per day. OPEC concerns about activity in the Permian could impact whether the organization continues to limit its production. READ MORE

May 16, 2017

Texas, New Mexico shale deals continue hot pace

BY Luke GeiverAcquisition and divestiture activity in the shale plays of Texas and New Mexico remained strong in early May. And, for multiple entities that sold off shale assets, the allure of the Permian already has them looking to return. READ MORE

May 16, 2017

Senate fails to repeal BLM venting and flaring rule

BY Patrick C. Miller The U.S. Senate's failure to overturn a methane flaring and venting rule implemented by the BLM during the Obama administration drew strong criticism from oil and gas industry organizations. The Trump administration will consider revising the rule. READ MORE

May 16, 2017

Continental adds SCOOP acreage, expects increased production

BY Patrick C. Miller For the first quarter of 2017, Continental Resources reported the addition of 300,000 acres to its resources in Oklahoma's SCOOP play. Wells in the Bakken, STACK and SCOOP plays are exceeding estimated ultimate recovery curves. READ MORE

May 16, 2017

Dow looking to Gulf Coast, shale gas in future investments

BY Luke GeiverDow Chemical Co. is further committing to U.S.-produced shale gas. The chemical giant recently announced investment plans for the next five years that include manufacturing expansions on the Gulf Coast and within the shale gas industry. READ MORE

May 16, 2017

How far have OPEC's oil export revenues dropped?

BY Staff New data highlights the hurt the Organization of the Petroleum Exporting Countries have experienced due to oil prices at or below the $60/b in the last three years. READ MORE

May 16, 2017

Marathon expects oil production growth in big 4 US shale plays

BY Luke GeiverMarathon Oil Corp. continues touting--and growing--its presence as a multi-play shale operator. The exploration and production giant said this month that by Q2, production in its four shale oil plays will grow in 2017. READ MORE

May 09, 2017

EOG details role of data used for shale production

BY Luke GeiverBig data took the spotlight during EOG Resources' first quarter 2017 update. The exploration and production company often cited as the best among its unconventional-focused peers, explained the way big data has shaped the company. READ MORE

May 09, 2017

EPA approves regulatory authority for ND CO2 storage

BY Patrick C. Miller North Dakota this week became the first state in the nation to receive primary regulatory authority from the EPA for carbon capture and storage. The move is expected to help advance enhanced oil recovery in the Bakken. READ MORE

May 09, 2017

Industry should prepare for conflicts with environmental groups

BY Patrick C. Miller Security expert John Poncy says that pipeline companies and the oil and gas industry need to understand the nature of opposition to projects such as the Dakota Access and Keystone XL pipelines. He offers some lessons learned based on his experience. READ MORE

May 09, 2017

API study: Investment in infrastructure could add a million jobs

BY Staff A new study conducted by ICF for the American Petroleum Institute shows that over the next 20 years, new oil and gas infrastructure in the U.S. could create more than a million jobs with a private investment exceeding $1.3 trillion. READ MORE

May 09, 2017

The impact of reserve base lending on shale producers

BY Staff A new report from Columbia University examines the link, and impact, between interest rates and the financial health of mid-sized shale exploration and production companies. READ MORE

May 09, 2017

Newfield off to strong start in 2017 shale production efforts

BY Luke GeiverNewfield Exploration has gotten off to a great start in 2017, but the SCOOP/STACK- and Williston Basin-focused operator still has a lot to learn, according to Lee Boothby, chairman of Newfield. READ MORE

May 08, 2017

In Depth: Shale’s Other Hot Commodity: Mineral Rights

BY Staff Several mineral acquisition firms are finding success in shale plays. North American Shale magazine explains the business case for investors and sellers of mineral rights. READ MORE

May 07, 2017

In Depth: Streamlining Shale Drilling

BY Luke GeiverOil majors and startups have unleashed new advanced drilling aids for quicker, cheaper and more efficient operations, starting with ExxonMobil. READ MORE

May 02, 2017

Whiting’s Bakken, Three Forks progress marks strong start to 2017

BY Luke GeiverWhiting Petroleum Corp. has started 2017 on a positive trend. The Denver-based operator that is focused on the Williston Basin of North Dakota and the Niobrara of Colorado reported higher than expected production levels and lower operating costs. READ MORE

May 02, 2017

Eyeing Delaware, DJ Basins, Noble exits Marcellus shale for $1.2B

BY Luke GeiverThe margins possible from its Delaware and DJ Basin assets were responsible for Noble Energy's exit from the Marcellus shale. In a $1.2 billion deal with an undisclosed buyer, Noble has divested its Marcellus assets to focus on liquid-rich shale. READ MORE

May 02, 2017

In Depth: Inside The Business Of Shale Diverters

BY Luke GeiverAmong the hottest trends in the shale industry, diverting agents can improve production with out increasing completion costs. These companies have experienced firsthand the rise—and the profits available—of biodegradable diversion material. READ MORE