Exploration & Production

September 10, 2018

Schlumberger CEO: Can U.S. shale meet future global oil demand?

BY Patrick C. Miller Can North American shale oil help meet global oil demand as E&P investments continue to lag following the three-year oil price downturn? Paal Kibsgaard, Schlumberger CEO, addressed the issue during the 2018 Barclays CEO Energy-Power Conference. READ MORE

September 10, 2018

Halliburton CEO addresses macro issues, digital options

BY Luke GeiverThe North American shale scene is looking the best it has in four years, according to Jeff Miller, CEO of Halliburton. North America is now a consistent part of the global supply and demand picture—and no longer a swing producer. READ MORE

September 06, 2018

Following 6-well test, Freedom goes all-in on Eagle Ford

BY Freedom Oil & Gas Freedom Oil & Gas Ltd announced that it has commenced drilling on its Eagle Ford shale acreage in Dimmit County, Texas. After successfully testing its acreage position, the E&P has contracted for a full-time drilling rig. READ MORE

September 04, 2018

Analysis: Midstream companies benefit from Permian production

BY Staff East Daley Capital's analysis of second quarter oil and gas data shows that the midstream sector is generally performing well. However, companies with exposure to the Permian Basin are exceeding expectations, a trend EDC expects to continue. READ MORE

September 04, 2018

Tiger Capital joins Norwegian group, invests in Permian pumper

BY Luke GeiverThrough a $5 million capital infusion, Norwegian private equity firm Norse Partners and the founders of Commander oilfield services will grow again. Tiger Capital Group, based in Houston, is providing money to acquire more equipment. READ MORE

August 31, 2018

Alliance formed for projects using EcoShale oil shale technology

BY Patrick C. Miller Red Leaf Resources and Hatch have worked together for 10 years to develop EcoShale technology for oil shale projects. Now the two companies have formed a strategic alliance making Hatch the exclusive provider of engineering services for EcoShale. READ MORE

August 28, 2018

After Bakken buy, U.S. Energy eyes positive future

BY Luke GeiverU.S. Energy Corp. is acquiring a new path forward through its purchase of additional Bakken shale assets with the $17.8 million acquisition of roughly 70 wells spread across 1,600 acres in two of the main Bakken producing counties. READ MORE

August 28, 2018

Freedom Oil launches $18 million Eagle Ford drilling program

BY Patrick C. Miller Houston-based Freedom Oil & Gas has launched an $18 million continuous drilling program on its Eagle Ford shale acreage in Dimmit County, Texas. The program comes after better-than-expected initial results from six test wells. READ MORE

August 28, 2018

Permian Basin activity is driving extreme frack sand demand

BY Patrick C. Miller North American shale oil and gas activity, particularly in the Permian Basin, is driving an extreme demand for frack sand, according to a new report from IHS Markit. The report examines frack sand trends and how operators are handling bottlenecks. READ MORE

August 27, 2018

Panhandle Oil and Gas acquires North Dakota, Oklahoma properties

BY Patrick C. Miller Oklahoma City-based Panhandle Oil and Gas has acquired new acreage in North Dakota's Bakken shale play for $9 million and Oklahoma's STACK play for $790,000. The company is now producing from eight of the 20 Bakken wells it purchased. READ MORE

August 21, 2018

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

August 21, 2018

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

August 07, 2018

Forty Acres Energy begins waterflood in Permian

BY Luke GeiverForty Acres Energy LLC has started to deploy a novel oil production method in one of the world's most productive oil plays. After forming an acre unit spanning nearly 8,000 acres, the Houston-based company is now in New Mexico. READ MORE

August 07, 2018

WPX Energy's second-quarter production higher than expected

BY Patrick C. Miller WPX Energy posted higher-than-expected production results for the second quarter of 2018. The company shared some of its results on new wells in the Delaware and Williston basins. READ MORE

July 31, 2018

Northern Oil and Gas buys core Williston Basin acreage

BY Patrick C. Miller Making the largest acquisition in company history, Northern Oil and Gas has purchased 10,600 core acres in the Williston Basin from W Energy Partners for $100 million. READ MORE

July 31, 2018

Study looks at accelerating decline rates in the Permian

BY Staff While the Permian continues to be the big story in increased U.S. shale oil production, a new study from Wood Mackenzie cautions that using past results to predict the future can be misleading. WoodMac analyst Ryan Duman discusses the study. READ MORE

July 31, 2018

BP acquisition signals move to become major U.S. shale producer

BY Staff U.K. oil producer BP last week signaled its desire to become a major player in U.S. shale when it acquired most of BHP Billiton's North American acreage for $10.5 billion. Rystad Energy analyzed how the move impacts BP's production levels to 2025. READ MORE

July 31, 2018

Hess selling Utica joint-venture interests for $400 million

BY Patrick C. Miller Hess Corp. is selling its joint-venture interests in the Utica shale play of eastern Ohio to further focus its portfolio. The $400 million transaction is expected to occur in the third quarter this year. READ MORE

July 30, 2018

Equinor deploys AI-powered artificial lift tech in Bakken

BY Equinor Ambyint, the emerging player in artificial intelligence-powered artificial lift and production optimization, and international energy major Equinor today announced that Equinor will deploy Amybint's AI-tech in Equinor's Bakken assets. READ MORE

July 30, 2018

Details of BP's $10.5 billion US shale entrance

BY Luke GeiverBP has acquired 83,000 acres in the Permian Basin, nearly 200,000 acres in the Eagle Ford and another 200,000 acres in the Haynesville, putting the oil major in the heart of three major U.S. onshore shale plays. READ MORE

July 24, 2018

Bakken Conference focuses on workforce development

BY Patrick C. Miller One of the recurring topics during the 4th annual Bakken Conference & Expo last week in Watford City, North Dakota, was workforce development and its importance in meeting employment demands during the recent industry uptick. READ MORE

July 24, 2018

After merger, US Well Service set for the Nasdaq

BY US Well Service Matlin & Partners Acquisition Corp., a publicly traded special purpose acquisition company, and U.S. Well Services LLC, a high-quality provider of hydraulic fracturing services, have merged and will soon be publicly traded on the Nasdaq. READ MORE

July 24, 2018

Technical Toolboxes launches horizontal directional drilling tool

BY Technical Toolboxes Technical Toolboxes, a Houston-based provider of integrated cloud-based pipeline software, has launched its new Horizontal Directional PowerTool. It enables safe, efficient pipeline drilling, reaming and installation during design and construction. READ MORE