Exploration & Production

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

October 21, 2019

DJ Basin operator snags new funding from alternative investor

BY Bison Oil & Gas Partners II LLC Bison Oil and Gas Partners II LLC has announced the closing of a $155 million term loan facility with Vӓrde Partners, a global alternative investment firm. The money will be used in the DJ Basin. READ MORE

October 20, 2019

After restructuring debt, Sable Permian and American merge

BY Luke GeiverSable Permian Resources LLC has merged with American Energy-Permian Basin LLC after American Energy was able to recapitalize and reduce debt. READ MORE

October 20, 2019

Abraxas engages Petrie Partners to explore Williston options

BY Abraxas Petroleum Corp. Abraxas Petroleum Corp. has announced Petrie Partners has been engaged to assist Abraxas with exploration of opportunities related to its interests in the Williston Basin of North Dakota. READ MORE

October 08, 2019

Tailwater infuses shale water firm Goodnight Midstream with $500M

BY Luke GeiverTailwater Capital LLC is continuing what it started with Goodnight Midstream in 2016. The Dallas-based energy-focused private equity team will invest more than $500 million into Goodnight's continued expansion. READ MORE

October 08, 2019

USGS shale gas estimates in Appalachian Basin: 214 trillion

BY U.S. Geological Survey "Watching our estimates for the Marcellus rise from 2 trillion to 84 trillion to 97 trillion in under 20 years demonstrates the effects American ingenuity and new technology can have,” said USGS Director Jim Reilly. READ MORE

October 08, 2019

Shale pump for higher sand loads reason for Veretek's record Q3

BY Luke GeiverAn unconventional artificial lift pump is catching on in the shale patch. Veretek Co. achieved record third quarter results thanks to its V-Pump, an artificial lift pump designed to handle high-sand concentrations and gas slugs. READ MORE

October 08, 2019

WellBoss, Downhole Tech merger becomes official

BY The WellBoss Company WellBoss will be focused on providing operators with full well completion solutions while reducing inefficiencies in multi-stage fracturing equipment, such as rig idle time, wireline, coiled tubing, and water usage. READ MORE

October 01, 2019

Samson starts strategic review after Powder River well results

BY Luke GeiverAfter strong drilling and production results in an area outside normal development, Samson Resources II LLC is planning a strategic review for its Powder River Basin unconventional oil wells. READ MORE

October 01, 2019

Citizen Energy to buy SCOOP/STACK E&P for $1B

BY Roan Resources Roan Resources Inc. has announced that it has entered into a definitive merger agreement to be acquired by Citizen Energy Operating LLC, an affiliate of Warburg Pincus LLC, in an all-cash transaction. READ MORE

October 01, 2019

Fortis exploring IPO for shale minerals assets

BY Luke GeiverFortis Minerals has a goal to go public. The Houston-based firm that acquires and manages large tracks of mineral interests, has filed a registration with the U.S. Securities and Exchange Commission. READ MORE

October 01, 2019

Rystad: Struggles for some US shale firms not widespread

BY Alisa Lukash Despite a wave of financial adversity that has tormented US onshore E&P companies lately, Rystad Energy does not view this as a harbinger of doom for the shale industry going forward. READ MORE

September 30, 2019

Permian-focused Callon explains merger plans with Eagle Ford E&P

BY Luke GeiverCallon Petroleum has released new information highlighting why the Permian pure-play operator will be better off as an exploration and production company that has merged with Carrizo Oil and Gas. READ MORE

September 30, 2019

Shale water tech firm set to test new method in Permian

BY RWI Enhanced Evaporation Resource West has tested its units for more than two years. The systems were designed from scratch and ran at RW's 5-acre test site. In the Permian, RW will showcase its unique produced water technology. READ MORE

September 24, 2019

How oil, gas sector influence US business fixed investments

BY Karel Mertens, Grant Strickler and Martin Stuermer With U.S. oil production more than doubling over the past decade, the upstream oil and gas sector has become a more important part of business investment in equipment and structures. READ MORE

September 24, 2019

NM has new plan for monitoring Permian methane totals: satellites

BY Descartes Labs Descartes Labs has announced the development of a methane-detection model designed to help New Mexico better monitor harmful emissions as a means of implementing a strategic mitigation policy. READ MORE

September 23, 2019

AI tech provider releases new shale well spacing algorithm

BY OAG Analytics The new OAG algorithms enable machine learning to understand enough about reservoir physics to be applied to complex well spacing decisions. READ MORE

September 17, 2019

Global oil experts explain 3 outcomes after Saudi field attacks

BY Luke GeiverFollowing the attacks on Abqaiq and Khurais in Saudia Arabia, the largest single disruption of oil production in history, the experts at global energy analysis firm IHS Markit have issued several plausible outcomes. READ MORE

September 17, 2019

Whitepaper explains expanding shale water options in TX

BY Texas Alliance of Energy Producers Produced water management strategies have evolved dramatically over the past five years with increasing, albeit low, levels of treatment. READ MORE

September 16, 2019

Cold Bore's Smartpad frac tech gains second investment round

BY Cold Bore Technology Inc. Cold Bore’s SmartPAD uses a patented combination of valve positioning and pressure monitoring sensors, field data collection systems and proprietary software to fully digitize completions operations. READ MORE

September 12, 2019

Split Rock Resources gains $140M to target DJ Basin shale

BY Split Rock Resources Split Rock's objective is to acquire oil and gas assets comprised of non-operated working interests in all phases of the well life-cycle including permitted wells, drilled but uncompleted wells, and producing wells in the DJ Basin. READ MORE

September 10, 2019

Private equity team, oilfield data firm partner for shale focus

BY Quantum Energy Partners Quantum Energy Partners is changing the traditional private equity landscape by leveraging technology and innovative data science through a partnership with advanced analytics firm RS Energy Group. READ MORE

September 10, 2019

Crediting shale gas, Equate Group opens new TX petrochem plant

BY Luke GeiverA global petrochemical producer with industrial complexes in North America, Kuwait and Europe is taking advantage of the abundance of U.S.-produced shale gas. READ MORE

September 09, 2019

Shale water innovator earns $7.2M investment

BY Luke GeiverFor every barrel of oil produced in the Permian Basin, there are more than tell barrels of associated water that are sourced, recycled, transported and disposed of, according to Joshua Adler, CEO of Sourcewater. READ MORE

September 09, 2019

Odessa-based Saulsbury announces growth plans into Bakken, DJ

BY Saulsbury Industries Saulsbury is pleased to announce the expansion of their field services operations into Milliken, Colorado and Casper, Wyoming. These new locations will support the oil and gas industry in the Bakken and the DJ Basin. READ MORE

September 03, 2019

New Permian whitepaper indicates industry shakeup looming

BY Hastings Equity Partners, University of Houston Energy Research In the early days of this oil revolution, the independent oil and gas companies were nimble and profitable. They acquired leases, assets, and mineral rights with more alacrity than their major counterparts. READ MORE

September 03, 2019

Downhole completion tech firms form single company for US shale

BY The WellBoss Company Downhole Technology LLC and Resource Well Completion Technologies Inc. are combining on October 1, 2019. Resource Well Completion Technologies is a leading innovator and developer of market-leading technologies. READ MORE

September 03, 2019

Concho sells NM Shelf assets for $925M, plans share repurchase

BY Concho Resources Concho Resources Inc. today announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners LLC for $925 million. READ MORE

September 03, 2019

IHS releases shale production data, decline rates for US wells

BY IHS Markit IHS Markit has harnessed the power of artificial intelligence (AI) to assess, automate and predict future production for each of the nearly one million currently producing oil and gas wells in its North American databases. READ MORE