Exploration & Production

August 15, 2017

Whiting moves $500M in Bakken assets to pay down debt

BY Luke GeiverWhiting Petroleum Corp. is committed to paying down debt. The Denver-based exploration and production company announced this week plans to sell nearly 30,000 acres of Bakken/Three Forks acreage for $500 million. READ MORE

August 15, 2017

Carrizo narrows focus to Delaware, Eagle Ford

BY Luke GeiverCarrizo Oil and Gas has operated in 14 states and completed more than 800 horizontal wells. Following the acquisition of Delaware Basin acreage, the exploration and production company has set its sights on two plays, the Permian and Eagle Ford. READ MORE

August 15, 2017

Bakken, STACK drive Continental’s second quarter production

BY Patrick C. Miller Optimized well completions in the Bakken and STACK shale plays are expected to boost Continental Resources' production up to 31 percent by year's end. The company has already reached a production milestone of 250,000 barrels of oil per day. READ MORE

August 15, 2017

Oil and gas groups explain why NAFTA is good for energy industry

BY Staff In a joint paper, the American Petroleum Institute, the Canadian Association of Petroleum Producers and the Mexican Association of Hydrocarbon Companies have gone on record to explain why they support the North American Free Trade Agreement. READ MORE

August 08, 2017

Marathon unveils exciting Bakken results, other shale firsts

BY Luke GeiverMarathon Oil Corp. CEO Lee Tillman believes the exploration and production company's second quarter operational performance was "outstanding," including its 30-day IP results in the Bakken. READ MORE

August 08, 2017

BP announces major shale gas discovery in New Mexico

BY Patrick C. Miller The Mancos Shale of New Mexico's San Juan Basin could be a significant new source of U.S. natural gas. International oil and gas producer BP this week announced that a new well there has achieved the highest initial production rate seen in 14 years. READ MORE

August 08, 2017

Trinidad Drilling reports optimism on Permian rig demand

BY Luke GeiverDrilling rig demand and dayrate prices are both improving, according to Brent Conway, president of Calgary-based Trinidad Drilling, despite unstable commodity prices. In the first half of 2017, Trinidad has relied on the Permian for improved rates. READ MORE

August 08, 2017

WPX boosts its 2017 production forecast by 10 percent

BY Patrick C. Miller Better than expected results from completions in the Delaware and Williston basins caused WPX Energy to boost its production increase in 2017 from 30 percent to 40 percent. The company also reported a significant increase in production revenue. READ MORE

August 07, 2017

Construction on new Oklahoma transload facility begins this month

BY Patrick C. Miller Oklahoma’s STACK and SCOOP plays are getting their first independent, dedicated proppant transloading facility. A seven-year agreement between Solaris Oilfield Infrastructure and an E&P producer in the STACK could open the way to more development. READ MORE