Exploration & Production

September 03, 2019

Brigade Energy adds production assets from Nine Energy for $17M

BY Luke GeiverNine Energy is selling its shale oil and gas production assets. The Texas-based energy service provider that operates in several North American shale plays, will receive roughly $17 million in cash from Brigade Energy Services. READ MORE

August 20, 2019

Certarus enters Permian with flare capture, electric frac tech

BY Luke GeiverCalgary-based Certarus Ltd. is bringing its virtual natural gas pipeline to West Texas shale country. The company announced plans to deploy a flare gas capture process used to power an electric hydraulic fracturing fleet starting this year. READ MORE

August 19, 2019

Crusoe Energy's flare-powered data centers expanding in US shale

BY Crusoe Energy Crusoe marries technology-empowered solutions with one of the booming oil industry’s greatest environmental challenges. Crusoe uses gas that would have otherwise been burned in the air as a “flare,” and instead powers modular, mobile data centers. READ MORE

August 13, 2019

Anvil Energy provides capital outlet to Bakken, Permian E&Ps

BY Luke GeiverThe recent investments by Anvil are part of a larger, $150 million investment plan targeting three areas: operators looking to acquire, refinance or further develop assets; first lien loans; and for upstream exploration and production companies. READ MORE

August 13, 2019

Marathon explains success in shale growth, pleasing investors

BY Luke GeiverMarathon Oil is delivering on its plans to grow its North American shale resource production base, generate free cash flow and deliver investors with fiscal value through share buybacks or dividend payments. READ MORE

August 06, 2019

Noble turns to DJ, Delaware Basins for shale efficiency gains

BY Luke GeiverLike the majority of major exploration and production companies operating within the U.S. unconventionals space, Noble Energy is currently focusing on generating free cash flow and returning capital to investors. READ MORE

August 06, 2019

Hess records strong Q2 Bakken production numbers

BY Luke GeiverBakken oil production is going strong for Hess Corp., the exploration and production company said during its latest investor update. The E&P came in at the upper end of production guidance for Q2. READ MORE

August 06, 2019

Lagoon, Continental agree to historic SCOOP/STACK water deal

BY Lagoon Water Solutions Lagoon, under the terms of the agreement, will be the first midstream company to provide recycled water for completion operations in Oklahoma. READ MORE

July 30, 2019

US DOE funding $40M to shale EOR research in Bakken, West Texas

BY U.S. Department of Energy The U.S. Department of Energy's Office of Fossil Energy has selected five projects to receive approximately $39.9 million in federal funding for cost-shared research and development projects. READ MORE

July 30, 2019

Cimarex signs with AI analytics group for shale operations

BY OAG Analytics OAG Analytics, an expert in machine learning and artificial intelligence in the oil and gas industry, has announced a multi-year strategic partnership with Cimarex Energy Co. READ MORE

July 30, 2019

H&P explains trends in US shale drilling rig counts, utilization

BY Luke GeiverThe focus by U.S. shale producers on capital discipline is impacting the drilling sector. Helmerich & Payne Inc. updated investors on the effects of capital spending. READ MORE

July 30, 2019

Japan power firm makes move into US shale gas, buys Sabine

BY Luke GeiverFor the first time, a Japanese company has acquired a U.S. shale gas producer. Osaka gas has agreed to a deal that will include 175,000 acres in the Haynesville shale gas play owned and operated by Sabine Oil and Gas. READ MORE

July 30, 2019

CP Energy adds Spartan services to bolster shale footprint

BY Luke GeiverCP Energy Services Inc. has added Spartan Energy Services. CP now consists of CP Well Testing, Arctic Energy Services, and Foster Testing. Spartan is a leading, multi-basin, oilfield services company. READ MORE

July 23, 2019

Halliburton explains new vision for US shale

BY Luke GeiverHalliburton is deploying a new North American unconventional oil and gas operational playbook to maximize its fiscal results. As the energy service giant's clients change, Halliburton has adapted how it navigates the business of shale oil and gas. READ MORE

July 23, 2019

Evolution Well Services signs new deal for electric frack fleet

BY Evolution Well Services Evolution Well Services has announced the execution of a 30-month agreement to provide dedicated electric hydraulic fracturing services for a leading onshore oil and gas producer. READ MORE

July 23, 2019

Schlumberger leaders talk oil market, shale tech, North America

BY Luke GeiverDuring Schlumberger's second quarter conference call update to investors, the global energy services giant provided input on the macro environment for oil supply and demand, the North American land market and new tech. READ MORE

July 23, 2019

New shale tech reveals parent, child well issues at inception

BY Deep Imaging Deep Imaging’s Real-Time Fluid Tracking solution enables operators to see fracs happen and make adjustments in real-time to avoid costly setbacks, improve profitability. READ MORE

July 23, 2019

Surge Energy uses Basic Energy to drill, frac record Permian well

BY Basic Energy Services Basic Energy Services Inc. has announced that one of its high-spec, 24-hour rig and equipment packages recently completed a record-setting Wolfcamp A well for Surge Energy US Holdings Co. READ MORE

July 09, 2019

Bakken presenters explain why shale play is on cusp of new era

BY Luke GeiverThe Bakken shale play has gone through several phases, and now, thanks to the presenters and speakers at the 2019 Bakken Conference & Expo, stakeholders can a glimpse into the future of the Bakken. READ MORE

July 09, 2019

Lucid, XTO agree to long-term Delaware Basin gas deal

BY Lucid Energy Group Lucid’s assets are strategically positioned for XTO’s development plans and complement what its affiliates are planning for midstream infrastructure within the basin and out of the basin to the downstream markets. READ MORE

July 09, 2019

US surpasses 12 million barrels per day of oil for first time

BY Emily Geary/U.S. Energy Information Administration U.S. crude oil production and lease condensate reached another milestone in April 2019, totaling 12.2 million barrels per day, according to EIA's latest Petroleum Supply Monthly. READ MORE

July 09, 2019

Oil expert: We are in historic crude infrastructure boom

BY Wood Mackenzie Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day by the end of the next decade, according to new research from global natural resources firm Wood Mackenzie. READ MORE

July 02, 2019

Bakken Conference set to bring new insight on tech, policy, plans

BY North American Shale Magazine The 2019 panel presentations will provide in-depth analysis and timely presentations from 30-plus speakers including a special session titled, “Innovation in Bakken Research: University- and Industry-Led Efforts to Solve Big Problems." READ MORE

July 01, 2019

Permian refinery developer lines up another product contract

BY Luke GeiverWhen a proposed West Texas oil refinery begins operating, the development company behind it, MMEX Resources Corp., will have buyers for all of its product. READ MORE

June 25, 2019

Nine Point gains $320M loan for Bakken developments

BY Luke GeiverAB Private Credit Investors LLC will loan roughly $320 million to help Nine Point Energy continue buildings its Williston Basin position. Nine Point is active in Williams and McKenzie Counties in North Dakota. READ MORE

June 25, 2019

Archrock to acquire shale gas compressor company for $410M

BY Archrock The assets being acquired from Elite are highly utilized, predominantly large-horsepower compression units, more than 80 percent of which are contracted for more than three years with blue-chip customers. READ MORE

June 25, 2019

Electric motor developer, US Well Services sign on for frac fleet

BY Luke GeiverA pioneer in electric-powered hydraulic fracturing technology is making its relationship with a electric motor developer official. U.S. Well Services Inc. has entered into an official agreement. READ MORE

June 25, 2019

Shale gas from Permian to source new plastics plant near Gulf

BY Luke GeiverFood packaging, construction materials and agricultural films may soon be produced from shale gas sourced from the Permian Basin. Gulf Coast Growth Ventures LLC, a joint venture group, has contracted with Mitsubishi for the build-out of a new plant. READ MORE

June 25, 2019

Bakken to surpass record output despite gas bottlenecks

BY ESAI Energy ESAI Energy points to increasing rig productivity and efficiency gains in areas outside of the Bakken core that are translating into high growth rates for the basin as a whole. READ MORE

June 19, 2019

Chisholm, Gastar merge to create large STACK shale E&P

BY Luke GeiverThe new version of Chisholm will have 20,000 barrels of oil equivalent per day of production across roughly 165,000 net acres mainly in Kingfisher County, Oklahoma. READ MORE