Exploration & Production

January 27, 2020

Wood Mack analysts debate: tight oil vs deepwater

BY Luke GeiverGlobal consulting and research firm Wood Mackenzie shares its take on the question of which is more attractive to investors: tight oil or deepwater. READ MORE

January 21, 2020

ND regulators update Bakken forecasts for production, oil price

BY Luke GeiverFor revenue project forecasting purposes, the North Dakota Department of Mineral Resources believes the North Dakota portion of the Williston Basin can be counted on in the months ahead to produce at least 1.4 mbop/d. READ MORE

January 20, 2020

In Depth: Innovations Across the Permian

BY Luke GeiverSpanning nearly 75,000 square miles across 52 counties in West Texas and Southeast New Mexico, the Permian Basin has room to add innovations across the entire field. READ MORE

January 14, 2020

Major shareholder makes offer to acquire Permian E&P

BY Lilis Energy Lilis Energy Inc., an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, has received a non-binding offer. READ MORE

January 14, 2020

Encana shareholders agree, move to US under new name approved

BY Luke GeiverWhat was once Encana Corp., a Canadian-based exploration and production company with operations throughout North America, is now (or will soon be) Ovintiv. READ MORE

January 14, 2020

TX Railroad Commission sets drilling permit record

BY Railroad Commission of Texas For two years in a row since 2018, Railroad Commission of Texas staff have set a historic record of taking just two days on average to process standard drilling permits. READ MORE

January 14, 2020

Gardner Denver, STEP Energy embark on frack pump trial

BY Gardner Denver During the six-month field trial, STEP will supply weekly operating data for the pump, including discharge pressure, suction pressure, RPM, pounds of proppant, and temperatures. READ MORE

January 13, 2020

TenEx develops NoHit tech for shale well issues

BY TenEx Technologies TenEx Technologies has developed a trademarked NoHIT, a patent-pending frac hit mitigation chemical technology which is the first of its kind in the industry. NoHIT is pumped as an additive to a parent well’s preload and/or active loading program. READ MORE

January 07, 2020

XTO, Outrigger agree to Bakken midstream deal

BY Luke GeiverOutrigger Energy II announced today that it has entered into a long-term definitive gas gathering and processing agreement with XTO Energy Inc. to service XTO's production in Williams County, ND. READ MORE

January 07, 2020

Occidental explains strategic, financial plans

BY Occidental Petroleum Occidental Petroleum Corp. provided an update on its execution against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko. READ MORE

January 07, 2020

EIA: Bone Spring will drive Permian production growth

BY U.S. Energy Information Administration EIA expects Bone Spring production to continue to drive production growth in the Permian Basin. Additional pipeline takeaway capacity is coming online through 2020 to accommodate the production increase. READ MORE

December 31, 2019

Dallas fed survey: flaring gains more attention in Permian

BY Federal Reserve Bank of Dallas For this quarter’s survey, executives responded to a series of special questions about capital spending in 2020, the price of oil needed to cover firms’ capital spending plans next year and the main causes of flaring in the Permian Basin. READ MORE

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