Exploration & Production

July 03, 2018

DOE focuses on Appalachia in its updated 2018 NGL primer

BY Patrick C. Miller The U.S. Department of Energy's 2018 update to its NGL primer this year focuses on the Marcellus and Utica shale plays in the Appalachian region where production is expected to quadruple by 2050. READ MORE

July 03, 2018

Report says gas will surpass oil as global energy source

BY Patrick C. Miller Oil demand will peak in the next 15 years while natural gas demand will continue grow until it overtakes oil as the world's primary energy source, according to a new special report from DNV GL, a global technical advising company. READ MORE

June 29, 2018

With focus on Bakken, Hess sells out of Utica for $400M

BY Luke GeiverIn a deal designed to enhance its opportunities in the Bakken, Hess Corp. is selling out of the Utica shale. For $400 million, Ascent Resources—Utica LLC is acquiring the Utica assets owned and operated by Hess. READ MORE

June 27, 2018

Oasis VP of Ops keynoting Bakken event uniting other E&Ps, groups

BY Staff “The addition of Oasis Petroleum’s Vice President of Operations, Jason Swaren, to the 2018 agenda line-up highlights the impressive range and type of content assembled for this year’s event,” says Luke Geiver, program director for the event. READ MORE

June 26, 2018

Q&A: Why the EDF's new methane study is seriously flawed

BY Staff The Environmental Defense Fund last week generated headlines with its latest study on oil and gas industry methane emissions. But Seth Whitehead with Energy In Depth explains why the new study should raise red flags and what it's lacking. READ MORE

June 25, 2018

Crescent Point Energy sells some non-core Williston Basin assets

BY Patrick C. Miller Crescent Point Energy, one of Canada's largest producers of light and medium crude, is selling some of its non-core Williston Basin assets for $280 million to an unidentified buyer. The company also announced changes to its management team. READ MORE

June 25, 2018

Dallas Fed CEO pens essay on oil markets

BY Staff Robert Kaplan, president and CEO of the Federal Reserve Bank of Dallas, has produced an essay outlining his view of the oil market, titled "A Perspective on Oil." READ MORE

June 25, 2018

After OPEC deal, investment firm bullish on energy stocks

BY Luke GeiverMiller/Howard Investment's research and analysis firm offered its take on the decision by OPEC to slightly increase oil production during its June meeting last week. The team offered a single word perspective: bullish. READ MORE

June 25, 2018

XTO President explains methane emissions progress

BY ExxonMobil ExxonMobil's subsidiary XTO Energy Inc. said it has reduced methane emissions from its operations by 9 percent since 2016, demonstrating significant progress in its methane emissions reduction program in the Permian. READ MORE

June 25, 2018

USGS releases new assessment of Eagle Ford shale

BY U.S. Geological Survey An new assessment of the Eagle Ford shale in Texas from the U.S. Geological Survey estimates it holds 8.5 billion barrels of oil, 66 trillion cubic feet of natural gas and 1.9 billion barrels of natural gas liquids. READ MORE

June 19, 2018

Oxy, White Energy commence CO2 EOR study in Permian

BY Luke GeiverAlready a leading shale oil producer in the Permian Basin, Occidental Petroleum Corp. has announced plans to study new ways to get more oil out of the ground through a CO2 enhanced oil recovery project with a Texas ethanol producer. READ MORE

June 19, 2018

Baytex Energy, Raging River Exploration form $5 billion company

BY Patrick C. Miller Canadian producers Baytex Energy and Raging River Exploration have agreed to merge, forming a company valued at $5 billion. The combined company has a dominant acreage position in Canada's East Duvernay shale play and also operates in the Eagle Ford. READ MORE

June 18, 2018

Pioneer sells Raton Basin assets in southeastern Colorado

BY Patrick C. Miller Pioneer Natural Resources Co. is selling its Raton Basin assets in Colorado to Evergreen Natural Resources for $79 million. In February, Pioneer announced plans to sell its Colorado and Eagle Ford assets to become a Permian pure play operator. READ MORE

June 18, 2018

Supermajor oil companies must invest $30 billion in the Permain

BY Staff ExxonMobil, Royal Dutch Shell and Chevron, the three most active supermajor oil and gas companies in the Permian, will need to invest $30 billion in the play by 2020 to meet their production goals, according to a new report from IHS Markit. READ MORE

June 18, 2018

In Depth: Field-Driven Upgrading

BY Luke GeiverFROM ISSUE FOUR: For modern-day energy service providers competing for the biggest clients in the hottest plays, the push for the next best thing is a constant—and a requirement READ MORE

June 18, 2018

In Depth: The Bakken Better than Ever

BY Patrick C. Miller Emerging from the downturn, optimism from Bakken-industry players highlights why most see the play as another opportunity waiting to happen. READ MORE

June 12, 2018

AKITA, Xtreme drilling merge to expand into US shale markets

BY Luke GeiverAfter entering the Permian in early 2018, Calgary-based drilling company AKITA has made a major move to expand in the U.S. shale play. Through an agreement with Xtreme Drilling Corp., AKITA will shift focus to the U.S. READ MORE

June 12, 2018

Q&A: Is produced water extinguishing the Permian?

BY Staff A new study by Wood Mackenzie sheds light on the question of whether the cost of handling produced water in the Permian Basin could affect the economics of the play. Ryan Duman, principal analyst for the firm, answers questions about the report. READ MORE

June 12, 2018

As oil prices rise, so does hiring in the oil and energy sector

BY Staff The monthly LinkedIn Workforce Report for June shows that rising oil prices are increasing hiring in the oil and gas industry, particularly in Texas cities reliant on the energy industry. New hires in oil and gas have outpaced the national average. READ MORE

June 11, 2018

Global oil storage monitoring available from Ursa Space Systems

BY Patrick C. Miller Ursa Space Systems is partnering with S&P Global Platts to use satellite radar imagery for monitoring oil storage globally. The imagery will provide data on oil terminals and refineries around the world to help users make informed decisions. READ MORE

June 04, 2018

TX shale producer study shows areas needed for growth

BY Texas Independent Producers & Royalty Owners Association According to a recent study published by the Texas Independent Producers & Royalty Owners Association, the Texas oil and gas industry is experiencing renewed growth, but challenges remain. READ MORE

June 04, 2018

After recent Eagle Ford netback success, Baytex rethinking assets

BY Luke GeiverAt $32 per barrel of oil, Baytex Energy Corp. this quarter has reported its strongest production netback in the Eagle Ford since 2014. For comparison, the Canadian exploration and production company is earning $8/b in Canada. READ MORE

June 04, 2018

Callon eyes third Delaware Basin bolt-on

BY Luke GeiverCallon Petroleum Co. believes in its current acreage and has taken a $570 million step to expand it. Through a pending acquisition with Cimarex Energy Co., the Mississippi-based exploration and production company is expanding in the Delaware. READ MORE

May 29, 2018

Opportunities exist to export Bakken crude worldwide

BY Patrick C. Miller Opportunities to export Bakken crude to overseas markets will continue to improve, but there are challenges ahead, according to Brady Cook, senior vice president of oil and trading with Koch Industries Inc. READ MORE

May 29, 2018

EcoStim is pushing all US shale horsepower to SCOOP/STACK

BY Luke GeiverEcoStim Energy Solutions Inc. is pushing all of its U.S. horsepower and equipment to the STACK shale play in Oklahoma. The move will create what the company is calling a super fleet. READ MORE

May 29, 2018

EIA head outlines oil, gas forecasts and uncertainties

BY Patrick C. Miller The EIA expects U.S. oil and gas production to hit record levels in 2018, but this will also put downward pressure on prices. Agency administrator Linda Capuano discussed oil and gas trends during the recent Williston Basin Petroleum Conference. READ MORE

May 29, 2018

Black Mountain entering Eagle Ford with in-basin shale sand op

BY Black Mountain Sand Black Mountain Sand, a Texas-based in-basin frack sand provider, has announced its expansion into the Eagle Ford Shale with the acquisition of 2,300 acres in Atascosa County. READ MORE

May 22, 2018

OPEC’s May report notes shale’s evolution

BY Staff OPEC released its world oil report for May, noting the transformation in U.S. tight oil production over the past five years.Compared to last year, the U.S. shale industry has seen a 42 percent increase in investment. READ MORE

May 18, 2018

Q&A: How the oil and gas industry compares in reducing carbon

BY Patrick C. Miller When it comes to technology investments that reduce greenhouse gas emissions in the U.S., a new study from API shows that the oil and gas industry is at the top of the list. The study compares how the industry stacks up against other entities. READ MORE

May 17, 2018

Bakken faces flaring issues from gas production increase

BY Patrick C. Miller Help from new gas gathering and processing infrastructure is on the way in the Bakken, but it might not arrive soon enough to help producers meet North Dakota's gas capture goals. State DMR director Lynn Helms sees challenging times ahead. READ MORE