Exploration & Production

December 15, 2017

To keep up with shale demand, Keane orders new frack equipment

BY Keane Favorable conditions have continued to improve throughout the year, and robust 2018 capital budgets announced by producers in recent weeks have amplified and validated the growing demand for our services, which remains in excess of supply. READ MORE

December 14, 2017

Phillips 66, Enbridge plan west Texas crude pipeline

BY Patrick C. Miller Phillips 66 and Enbridge are planning a 385,000-barrel-per-day crude pipeline from the Permian in west Texas to Gulf Coast ports providing refining capacity and export opportunities. The Gray Oak Pipeline should be in service by 2019. READ MORE

December 14, 2017

Marcellus shale development doesn’t affect mortality rates

BY Staff A new report analyzing health data from six Pennsylvania counties with heavy gas development in the Marcellus shale play in a 10-year period shows that the development has had little or no impact on human health. READ MORE

December 14, 2017

Helmerich & Payne acquires Magnetic Variation Services

BY Helmerich & Payne Inc. Helmerich & Payne Inc. has acquired Magnetic Variation Services LLC (MagVAR), an industry leader in enhancing the accuracy of directional drilling and wellbore optimization. MagVAR provides measurement while drilling survey corrections. READ MORE

December 12, 2017

Bakken pure-play Oasis enters Delaware shale

BY Staff Oasis Petroleum is no longer a pure-play Bakken producer. Through its acquisition of 20,300 net acres in the Delaware Basin, the Oasis team now has operations in the core acreage of the leading U.S. shale oil plays. READ MORE

December 12, 2017

PDC Energy expects 25 percent production increase for 2018

BY Patrick C. MillerPDC Energy, an independent E&P company headquartered in Denver, next year expects a 25 percent production increase for its operations in Colorado's Wattenberg Field and the Delaware Basin in Texas. It plans capital investments of up to $920 million. READ MORE

December 12, 2017

Eclipse Resources acquires Flat Castle acreage in Utica

BY Patrick C. Miller In a deal valued at $93.7 million, Eclipse Resources will acquire 44,500 acres in the Utica shale of north central Pennsylvania from Travis Peak Resources. An Eclipse subsidiary is also buying $18.3 million of midstream assets in the region. READ MORE

December 11, 2017

Baytex reaffirms commitment to Eagle Ford for 2018

BY Luke GeiverThe Eagle Ford shale will be Baytex Energy Corp's first call for capital deployment in 2018. With internal rates of return of 70 percent possible at $55 oil, the Canadian exploration and production entity will put 55 percent of capital to Texas. READ MORE

December 11, 2017

Bill Barrett Corp, Fifth Creek to form major DJ Basin producer

BY Luke GeiverThe combination of Denver-based exploration and production firm Bill Barrett Corp. with Fifth Creek Energy could create a major, pure-play DJ Basin producer in a deal valued at $649 million. READ MORE