Exploration & Production

December 31, 2019

Fresh off record production, Lonestar reaffirms borrowing base

BY Luke GeiverThe Eagle Ford shale is still attractive to lenders. Lonestar, an independent oil and gas company active in the South Texas play, announced this month its new 2020 borrowing base. READ MORE

December 31, 2019

Kalnin, Thailand firm and Devon agree to Barnett shale deal

BY Luke GeiverA Thailand-based coal-mining and power-generation company has played a large role in acquiring shale gas assets in the Barnett shale from Devon Energy in a deal worth $770 million. READ MORE

December 30, 2019

Denbury, Israeli oil firm agree on TX deal

BY Luke GeiverDenbury Resources Inc. has entered into a definitive agreement with a subsidiary of Navitas Petroleum to sell half of its nearly 100 percent working interest position in four southeast Texas oil fields. READ MORE

December 17, 2019

WPX bolsters Delaware presence for $2.5B

BY Luke GeiverBy investing roughly $2.5 billion in the Delaware Basin, WPX Energy has added more than 1,500 new drilling locations, created greater cashflow certainty and sped up its 5-year plan. READ MORE

December 17, 2019

Monitoring, surveillance firm enters oilfield SWD business

BY Twenty20 Solutions Through Twenty20’s custom-built solution, SWD facilities are provided detailed data capture, safety and security alert and alarm capabilities, and automated regulatory compliance reporting. READ MORE

December 17, 2019

Milestone opens shale slurry injection site in northern Permian

BY Milestone Environmental Services Milestone Environmental Services, an industry leader in oilfield waste disposal services, has opened its newest facility in the prolific Permian Basin. READ MORE

December 17, 2019

Permian shale well base decline rates to rise in 2019

BY IHS Markit Oil and gas operators in the Permian Basin, the most prolific hydrocarbon resource basin in North America, will have to drill substantially more wells just to maintain current production levels. READ MORE

December 16, 2019

Basic exits shale pumping, focusing on midstream

BY Basic Energy Service Basic Energy Services Inc. has announced a plan to divest of its pumping services assets in multiple transactions with expected proceeds of approximately $30 to $45 million. READ MORE

December 16, 2019

Rystad explains global upstream changes, breakeven oil prices

BY Rystad Energy Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4 percent. Investments in shale/tight oil are expected to change next year toward the downside and breakeven oil prices will someday be $60/b. READ MORE

December 10, 2019

Bakken, Permian production team gains new capital from Tower Arch

BY Tower Arch Capital Tower Arch Capital has recapitalized Creedence Energy Services LLC in partnership with its founders. Creedence Energy Services provides production chemicals, acidizing services, and other custom solutions for scale and corrosion prevention. READ MORE

December 10, 2019

Baytex outlines 2020 Eagle Ford shale spend

BY Luke GeiverCalgary-based Baytex Energy Corp. has approved a 2020 capital budget of up to $575 million. The 2020 budget should generate roughly 95,000 barrels of oil equivalent per day. READ MORE

December 10, 2019

Laredo lays out plan for Permian bolt-on acres

BY Luke GeiverLaredo Petroleum turned to its $1 billion senior secured credit facility to add on acreage that has better first-year production than existing near-by Laredo acreage. READ MORE

December 03, 2019

Top 10 Permian producer chooses new system for services division

BY IFS Endeavor's hydrocarbon production has increased significantly over the last twelve months and IFS Applications was chosen to streamline services in the field to enable the Energy Services Division to deliver more value while containing ops costs. READ MORE

December 03, 2019

Japan gas provider closes deal on US shale producer's assets

BY Sabine Oil and Gas Sabine Holdings has completely divested of all its oil and gas assets since emerging from bankruptcy in August 2016. East Texas production and reserves increased significantly primarily by proving up the Haynesville play in Texas. READ MORE

December 03, 2019

Rating agency explains financial landscape for energy firms

BY Luke GeiverFull-service credit rating agency Kroll Bond Rating Agency, believes that differentiation in the energy industry in terms of operational and financial risk management has increased. READ MORE

December 03, 2019

EIA assembles new data set to track shale well production changes

BY Luke GeiverThe total number of horizontally drilled wells has increased 28 percent to reach 126,000 wells in 2017. Horizontal wells drilled in shale formations are now the most prolific producers in the entire U.S. READ MORE

November 26, 2019

New report shows massive investments in Ohio shale

BY JobsOhio Total investment in Ohio's resource rich shale energy sector has reached $78 billion since tracking began in 2011, according to a Cleveland State University (CSU) study. READ MORE

November 19, 2019

Deloitte Study: How to walk shale tightrope in 2020

BY Luke GeiverEntering 2020, the oil and gas industry will face unique economic, trade and political headwinds, according to the lead analysts at global research and consulting firm Deloitte. READ MORE

November 19, 2019

Ecopetrol, Oxy finalize JV deal for Permian development

BY Ecopetrol Ecopetrol S.A. has finally completed the joint venture transaction announced last July 31, 2019. the company and Occidental Petroleum Corp. have agreed to form a strategic alliance or Joint Venture for the development of unconventional reservoirs. READ MORE

November 11, 2019

Shale report details role of oil price, investors to growth

BY IHS Markit U.S. shale production, the chief source of rapid growth that made the United States the world's largest oil producer, is slowing, says a new report by IHS Markit. READ MORE

November 05, 2019

Pioneer reiterates strategic shale plans in Q3 update

BY Luke GeiverPioneer Natural Resources is continuing its strategic vision to provide greater shareholder value, reduce operating costs and monetize near-term assets associated with its massive Midland Basin oil and gas position. READ MORE

November 05, 2019

Continental Resources readies to deliver dividend

BY Luke GeiverDays away from delivering its first common stock dividend, Continental Resources believes it has more good news to share. The Oklahoma-based exploration and production company is in manufacturing mode in the Bakken and has a great runway in Oklahoma. READ MORE

November 04, 2019

Eyeing markets and growth options, Encana moving to US

BY Luke GeiverEncana Corp. is changing its name and moving out of Canada to the U.S. The Calgary-based exploration and production company with shale oil and gas assets in multiple North American shale plays announced it could be a U.S.-firm next year. READ MORE

November 04, 2019

After 10,000 fracs, Reveal proves better shale completions

BY Reveal Energy Services Reveal Energy Services has validated more than 10,000 hydraulic fracturing stages in the U.S. and Canada with its simple, accurate, affordable pressure-based technology. READ MORE

October 29, 2019

Rail, frac sand provider expanding in Marcellus shale

BY Shale Support Shale Support Global Holdings LLC, a provider of frac-sands and logistical solutions to the oil and gas proppant market, has signed an extension to continue working with Shale Rail as the exclusive supply company for a Wysox, Pennsylvania, facility. READ MORE

October 29, 2019

EIA outlines Asia's huge need for natural gas in years ahead

BY Staff By 2050, higher levels of consumer activity and a greater need for electricity generation from non-coal sources, will push China's use of natural gas to levels that are roughly triple that of those seen today. READ MORE

October 28, 2019

Deloitte study addresses shale's performance puzzle

BY Deloitte Key findings from the study address the changing view on the importance of rock quality, the impact of well optimization efforts and how many billions of dollars could be saved by E&P's if they adjust the status quo. READ MORE

October 25, 2019

Abu Dhabi investor adds $50M to Permian LNG export project

BY NextDecade Corp. Mubadala’s investment further strengthens NextDecade’s capital position as the company continues to develop its Rio Grande LNG project, the largest liquefied natural gas export solution linking Permian Basin associated gas to the global market. READ MORE

October 21, 2019

Survey shows oil industry's view on trade tariffs, future plans

BY Luke GeiverA recently released survey of energy executives and professionals working in the states of Colorado, Wyoming, New Mexico and Oklahoma reveals how the oil and gas sector views the trade tariff dispute between the U.S. and China. READ MORE

October 21, 2019

MDM Permian, FireDream form alliance on 200 Permian shale wells

BY MDM Permian MDM Permian Inc. has formed a strategic alliances with Frisco, Texas-based FireDream Resources LLC and affiliates to develop roughly 200 wells starting this year. READ MORE