The Shale Scene - September 3, 2019

September 3, 2019

Downhole completion tech firms form single company for US shale Downhole Technology LLC and Resource Well Completion Technologies Inc. are combining on October 1, 2019. Resource Well Completion Technologies is a leading innovator and developer of market-leading technologies. READ MORE SHARE
Brigade Energy adds production assets from Nine Energy for $17M Nine Energy is selling its shale oil and gas production assets. The Texas-based energy service provider that operates in several North American shale plays, will receive roughly $17 million in cash from Brigade Energy Services. READ MORE SHARE
	IHS releases shale production data, decline rates for US wells IHS Markit has harnessed the power of artificial intelligence (AI) to assess, automate and predict future production for each of the nearly one million currently producing oil and gas wells in its North American databases. READ MORE SHARE
Concho sells NM Shelf assets for $925M, plans share repurchase Concho Resources Inc. today announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners LLC for $925 million. READ MORE SHARE
New Permian whitepaper indicates industry shakeup looming In the early days of this oil revolution, the independent oil and gas companies were nimble and profitable. They acquired leases, assets, and mineral rights with more alacrity than their major counterparts. READ MORE SHARE
Certarus enters Permian with flare capture, electric frac tech Calgary-based Certarus Ltd. is bringing its virtual natural gas pipeline to West Texas shale country. The company announced plans to deploy a flare gas capture process used to power an electric hydraulic fracturing fleet starting this year. READ MORE SHARE