Exploration & Production

January 19, 2018

Schlumberger CEO: oil market balanced, expect 2018 growth

BY Luke GeiverThe world's largest oilfield services firm believes the global oil market is once again in balance. Schlumberger CEO Paal Kibsgaard said after four years in an oil cycle downturn, global supply and demand is balanced due to multiple factors. READ MORE

January 19, 2018

With Bakken production nearing record again, fringe areas in play

BY Luke GeiverBakken oil production is back to a record breaking pace. Lynn Helms, director of North Dakota Department of Mineral Resources Oil and Gas Division said during his recent monthly update that by mid-2018 production will surpass 1.2 mbopd. READ MORE

January 16, 2018

3D seismic surveys planned for SCOOP/STACK, Permian shales

BY TGS Geophysical Co. TGS has announced three new onshore seismic projects that will help E&P clients better understand opportunities in the Permian Basin, SCOOP/STACK region of the Midcontinent and in the Montney shale. READ MORE

January 16, 2018

SM Energy sells Powder River Basin assets for $500 million

BY Patrick C. MillerSM Energy is selling leases in Wyoming's Powder River Basin to Northwoods Energy for $500 million. The deal will enable SM Energy to reduce debt and focus on developing its Midland Basin and Eagle Ford assets in Texas. READ MORE

January 16, 2018

Gerard: Northeast could lower energy costs with Marcellus shale

BY Patrick C. Miller The Northeast U.S. wouldn't have to suffer from cold weather and high electricity rates if policymakers would approve infrastructure projects and make use of shale gas from the Marcellus, says Jack Gerard, API president and CEO. READ MORE

January 15, 2018

Fed report: Oklahoma, Wyoming eyes $62 oil for drilling increase

BY Luke GeiverOil firms active in Oklahoma, Wyoming and the northern half of New Mexico now believe $62 per barrel is the oil price necessary to increase drilling. READ MORE

January 15, 2018

Marcellus, Utica operator pledges $580M for 2018 operations

BY Luke GeiverCNX Resources Corp. intends to invest up to $580 million into Marcellus and Utica shale play drilling and completion activities this year. The Pittsburgh-based company said it would also spend another $275 million on water, midstream and land. READ MORE

January 09, 2018

Shale play service provider set to issue IPO

BY Luke GeiverNine Energy Service Inc. is going public roughly four years after forming. The Houston-based company announced its intent to list on the New York Stock Exchange with an initial offering price between $20 and $23 per share. READ MORE

January 09, 2018

Paper: Northeast could be second U.S. petrochemical hub

BY Staff The Marcellus and Utica shale plays are unique in that they produce a large volume of ethane and propane. A new white paper says this could provide the U.S.. with a second petrochemical hub in addition to the Gulf Coast. READ MORE