Exploration & Production

June 06, 2017

New analytical tool could aid in effective cleanup of oil spills

BY Patrick C. Miller Researchers at Florida International University have developed an analytical tool which provides better information more quickly on oil spills. Understanding of how oil interacts with the environment could lead to better remediation technologies. READ MORE

June 06, 2017

Report highlights how oil and gas industry benefits communities

BY Patrick C. Miller A new report from the American Petroleum Institute provides information, data and examples of how the U.S. oil and gas industry provides economic benefits to communities while providing energy cleanly and safely. READ MORE

June 06, 2017

Following positive well results, Halcon to add more Permian acres

BY Luke GeiverHalcon Resources Corp. received better than expected production results from its first Permian Basin well. Completed with a lateral length of 5,167 feet targeting the Wolfcamp A interval, Halcon gained enough insight to justify purchasing more acres. READ MORE

June 06, 2017

Oklahoma operator deploys new pressure pumping tech

BY Luke GeiverAn Oklahoma-focused oil producer has deployed a new type of pressure pumping unit. Midstates Petroleum, an independent oil and gas producer, announced recently that pressure pumping units fueled by 100 percent CNG were used to frack a well. READ MORE

May 30, 2017

Lonestar Resources acquires Eagle Ford acreage for $117 million

BY Patrick C. Miller Lonestar Resources CEO Frank Bracken says the acquisition of new oil and gas properties in the Eagle Ford valued at about $117 million will have a transformational effect on the company. The properties are estimated to contain 31.4 million BOE. READ MORE

May 30, 2017

Carlyle Group inks Oklahoma oil development deal with EOG

BY Luke GeiverThe biggest name in unconventional oil development has found a partner for its Ellis County, Oklahoma, assets. EOG Resources Inc. has formed a definitive agreement with The Carlyle Group on a deal worth $400 million over four years. READ MORE

May 30, 2017

Abraxas Petroleum acquires Wolfcamp and Bone Spring acreage

BY Patrick C. Miller In a $22.2 million agreement, San Antonio-based Abraxas Petroleum Corp. will acquire 2,008 net acres in the Wolfcamp and Bone Spring formations of the Delaware Basin in Texas. Bob Watson, Abraxas CEO, said the move is in line with strategic goals. READ MORE

May 30, 2017

Why oil, gas producers aren’t the enemy

BY Staff Oil and gas producers in New Mexico now have new talking points to use when explaining what they do and why they do it to those who stand in opposition or are unclear about the reasons to continue developing oil and gas. READ MORE

May 23, 2017

Shale producers to Trump: rethink view on role of oil industry

BY Luke GeiverOil producers from the Southwest U.S. are urging the Trump administration to rethink how the federal government views crude oil. A group of producers wants the U.S. crude production industry to viewed on par with those of steel, defense and autos. READ MORE

May 23, 2017

USGS estimates Texas formation holds 4.2 billion barrels of oil

BY Staff The USGS recently revised its estimate of recoverable oil in the Spaberry formation of the Permian Basin in Texas from 500 million barrels to 4.2 billion barrels. Fracking and horizontal drilling are the reason the estimate was adjusted upward. READ MORE

May 23, 2017

Select Energy Services sees improvement in first quarter 2017

BY Patrick C. Miller Increases in drilling and completions and a key acquisition enabled Texas-based Select Energy Services to improve its revenues for the first quarter of 2017. The company provides water solutions for the U.S. unconventional oil and gas industry. READ MORE

May 22, 2017

Keane Group expands services with RockPile Energy acquisition

BY Patrick C. Miller Already one of the largest pressure pumping fleets in the nation, Keane Group Inc. will expand by 26 percent with the acquisition of Denver-based RockPile Energy Services. The stock and cash transaction is valued at nearly $285 million. READ MORE

May 16, 2017

OPEC, Permian will influence future ND oil production

BY Patrick C. Miller Although North Dakota's crude production fell slightly in March, overall production remained above 1 million barrels per day. OPEC concerns about activity in the Permian could impact whether the organization continues to limit its production. READ MORE

May 16, 2017

Texas, New Mexico shale deals continue hot pace

BY Luke GeiverAcquisition and divestiture activity in the shale plays of Texas and New Mexico remained strong in early May. And, for multiple entities that sold off shale assets, the allure of the Permian already has them looking to return. READ MORE

May 16, 2017

Senate fails to repeal BLM venting and flaring rule

BY Patrick C. Miller The U.S. Senate's failure to overturn a methane flaring and venting rule implemented by the BLM during the Obama administration drew strong criticism from oil and gas industry organizations. The Trump administration will consider revising the rule. READ MORE

May 16, 2017

Continental adds SCOOP acreage, expects increased production

BY Patrick C. Miller For the first quarter of 2017, Continental Resources reported the addition of 300,000 acres to its resources in Oklahoma's SCOOP play. Wells in the Bakken, STACK and SCOOP plays are exceeding estimated ultimate recovery curves. READ MORE

May 16, 2017

How far have OPEC's oil export revenues dropped?

BY Staff New data highlights the hurt the Organization of the Petroleum Exporting Countries have experienced due to oil prices at or below the $60/b in the last three years. READ MORE

May 16, 2017

Marathon expects oil production growth in big 4 US shale plays

BY Luke GeiverMarathon Oil Corp. continues touting--and growing--its presence as a multi-play shale operator. The exploration and production giant said this month that by Q2, production in its four shale oil plays will grow in 2017. READ MORE

May 09, 2017

EOG details role of data used for shale production

BY Luke GeiverBig data took the spotlight during EOG Resources' first quarter 2017 update. The exploration and production company often cited as the best among its unconventional-focused peers, explained the way big data has shaped the company. READ MORE

May 09, 2017

EPA approves regulatory authority for ND CO2 storage

BY Patrick C. Miller North Dakota this week became the first state in the nation to receive primary regulatory authority from the EPA for carbon capture and storage. The move is expected to help advance enhanced oil recovery in the Bakken. READ MORE

May 09, 2017

API study: Investment in infrastructure could add a million jobs

BY Staff A new study conducted by ICF for the American Petroleum Institute shows that over the next 20 years, new oil and gas infrastructure in the U.S. could create more than a million jobs with a private investment exceeding $1.3 trillion. READ MORE

May 09, 2017

The impact of reserve base lending on shale producers

BY Staff A new report from Columbia University examines the link, and impact, between interest rates and the financial health of mid-sized shale exploration and production companies. READ MORE

May 09, 2017

Newfield off to strong start in 2017 shale production efforts

BY Luke GeiverNewfield Exploration has gotten off to a great start in 2017, but the SCOOP/STACK- and Williston Basin-focused operator still has a lot to learn, according to Lee Boothby, chairman of Newfield. READ MORE

May 08, 2017

In Depth: Shale’s Other Hot Commodity: Mineral Rights

BY Staff Several mineral acquisition firms are finding success in shale plays. North American Shale magazine explains the business case for investors and sellers of mineral rights. READ MORE

May 07, 2017

In Depth: Streamlining Shale Drilling

BY Luke GeiverOil majors and startups have unleashed new advanced drilling aids for quicker, cheaper and more efficient operations, starting with ExxonMobil. READ MORE

May 02, 2017

Whiting’s Bakken, Three Forks progress marks strong start to 2017

BY Luke GeiverWhiting Petroleum Corp. has started 2017 on a positive trend. The Denver-based operator that is focused on the Williston Basin of North Dakota and the Niobrara of Colorado reported higher than expected production levels and lower operating costs. READ MORE

May 02, 2017

Eyeing Delaware, DJ Basins, Noble exits Marcellus shale for $1.2B

BY Luke GeiverThe margins possible from its Delaware and DJ Basin assets were responsible for Noble Energy's exit from the Marcellus shale. In a $1.2 billion deal with an undisclosed buyer, Noble has divested its Marcellus assets to focus on liquid-rich shale. READ MORE

May 02, 2017

Weatherford expects Schlumberger joint venture to boost recovery

BY Patrick C. Miller As Weatherford International emerges from the oil price downturn reporting a loss in the first quarter of 2017, CEO Mark McCollum expects a recent joint venture agreement with Schlumberger OneStim to improve the company's balance sheet. READ MORE

May 02, 2017

In Depth: Earning The Title FRACN8R

BY Patrick C. Miller When it comes to fracking in the Bakken, there’s not much that Monte Besler—the FRACN8R—hasn’t seen or done. READ MORE

May 02, 2017

Computer simulations offer insight on the physics of fracking

BY Patrick C. Miller Researchers at the Idaho National Laboratory have developed simulations that provide a better understanding of the physics of shale oil formations. Coupled with high-resolution 3D imagery, the simulations could lead to more efficient fracking. READ MORE