Exploration & Production

1 hour ago

Halliburton introduces new automated fracking service

BY Patrick C. Miller Halliburton has unveiled its Prodigi AB hydraulic fracturing service, which the company calls a first-of-its-kind technology. It uses automation to improve efficiency, maximize perforation cluster performance and mitigate risks. READ MORE

2 hours ago

Alaska North Slope to re-emerge as major U.S. oil producer

BY Staff A new energy analysis from IHS Markit says the Alaska North Slope Basin is poised to re-emerge as a major source of U.S. energy production. Recent discoveries indicate the area holds 38 billion barrels of oil equivalent in oil and gas. READ MORE

August 20, 2018

Vanguard Natural Resources transitions toward E&P operations

BY Patrick C. Miller Vanguard Natural Resources of Houston is transitioning from an upstream master limited partnership to an exploration and production company focused on organic growth. The company recently reported on its second quarter results. READ MORE

August 15, 2018

Diamondback strikes big with $9.2B buy of Energen's shale assets

BY Diamondback Energy Diamondback Energy Inc. and Energen Corp., have announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction. READ MORE

August 14, 2018

Pioneer using 3.0 completions for 2018, upping rigs in 2019

BY Luke GeiverFor the full-year, the company will continue to operate 20 rigs before adding at least another four, next year. Roughly 275 wells will be completed and placed on production this year, according to the company. READ MORE

August 14, 2018

Ajax turns 2015 shale development plan into $900M-plus payout

BY Luke GeiverWhen Ajax Resources acquired assets located in the northern Midland Basin three years ago, most observers thought the acreage was along the northernmost edge of the basin and had only one prospective zone. READ MORE

August 13, 2018

Energy Drilling, Henderson partaking in rig resurgence

BY Luke GeiverEnergy Drilling Co. and Henderson, a Houston-based service of drilling rigs and equipment, are at the midst of what each believes is a drilling rig resurgence happening in the U.S. READ MORE

August 07, 2018

Schlumberger reports Q2 revenue increase for North America

BY Patrick C. Miller In reporting on its second quarter activities, oilfield services giant Schlumberger said its North American revenues increased 11 percent over the previous quarter with the deployment of more fracking and directional drilling capacity. READ MORE

August 07, 2018

Gold royalty investor to partner with Continental Resources

BY Franco-Nevada Corp. Franco-Nevada Corporation and Continental Resources Inc. have agreed to enter into a strategic relationship to jointly acquire mineral rights in the SCOOP and STACK oil and gas plays. READ MORE