Exploration & Production

August 01, 2017

Whiting Petroleum reports second quarter results

BY Patrick C. Miller For the second quarter of 2017, Whiting Petroleum reported that it will reduce capital expenditures while increasing production 14 percent through the end of the fourth quarter, primarily because of enhanced completions in the Williston Basin. READ MORE

August 01, 2017

Permian E&Ps hedge 65 percent to support production goals

BY Staff Exploration and production companies in the Permian Basin are supporting their aggressive production goals for 2017 by hedging 65 percent of their production at $50 a barrel, according to a new analysis by IHS Markit. READ MORE

August 01, 2017

Major shale completion company shows strong Q2 results

BY Luke GeiverKeane Group Inc., one of the largest pure-play well completion service providers in the U.S., has reported strong results for the second quarter when compared to the previous quarter. READ MORE

August 01, 2017

With a premier STACK position, Devon sheds Eagle Ford assets

BY Luke GeiverDevon Energy, the Oklahoma City-based exploration and production company that believes it has an industry-leading position in the STACK play present in Oklahoma, is selling off assets located in the Eagle Ford for $340 million. READ MORE

August 01, 2017

Study reveals massive job impact of oil, gas industry to US

BY American Petroleum Institute The American Petroleum Institute has released a new study showing that the natural gas and oil industry supported 10.3 million U.S. jobs and added $1.3 trillion to the nation's economy in 2015, numbers that API say validate the role of U.S. oil. READ MORE

July 25, 2017

BLM proposes to rescind 2015 rule on hydraulic fracturing

BY Patrick C. Miller The Bureau of Land Management on Tuesday published a notice in the Federal Register proposing to rescind its 2015 rule on hydraulic fracturing. The controversial rule never went into effect because of pending litigation. READ MORE

July 25, 2017

Abraxas CEO: What's good for the Bakken is good for the Permian

BY Patrick C. Miller Recent conventional wisdom points to the Permian Basin as the hottest shale play in the U.S. But Abraxas CEO Robert Watson says that the economics of the Bakken have proven just as good. With operations in both basins, he should know. READ MORE

July 18, 2017

ND Gov. Doug Burgum inspires, challenges oil and gas industry

BY Patrick C. Miller Addressing the Bakken Conference & Expo in Bismarck, North Dakota Gov. Doug Burgum challenged the state's oil and gas industry to increase its production to 2 million barrels per day and develop innovative technologies to prevent oil spills. READ MORE

July 18, 2017

Conference speakers say the Bakken has a lot going for it

BY Patrick C. Miller Speakers during the first day of the 2017 Bakken Conference & Expo in Bismarck discussed oil and gas trends and talked about why, despite the downturn in oil prices, the Williston Basin is still going strong. READ MORE

July 18, 2017

How OPEC tried, but failed, to kill the Bakken

BY Patrick C. Miller Although OPEC tried to put the Bakken out of business and failed, Daniel Fine, associate director of the New Mexico Center for Energy Policy, cautions that U.S. producers focused on short-term results would be wise to study OPEC's history. READ MORE

July 17, 2017

Facebook founder tours Bakken oilfields

BY North Dakota Petroleum Council Facebook Founder and CEO Mark Zuckerberg visited the Bakken last week and had the opportunity to tour an oil rig near Williston, N.D. During the two hour tour, Zuckerberg visited with oil and gas employees. READ MORE

July 14, 2017

In Depth: A Mammoth Frack Sand Expansion

BY Patrick C. MillerRecent acquisitions and expansions have helped Mammoth Energy Services greatly increase its ability to serve shale oil producers in the U.S. and Canada. READ MORE

July 14, 2017

In Depth: Reserve Base Lending’s Past—and Future—in Shale Production

BY Luke GeiverInterest rates could play a large role in the future of North American shale oil and gas production. A new report indicates that fluctuating interest rates could partially overtake efficiency gains and improvements achieved in shale. READ MORE

July 14, 2017

In Depth: Studies in Texas Shale

BY Luke GeiverIn a first-of-its-kind report, a group of Texas subject-matter experts has created a complex, considerate and semi-complete assessment on shale energy development in Texas. READ MORE

July 14, 2017

In Depth: Economies of Shale

BY Mark Hill The upstream industry loves a good dust-up. From crashing oil prices to Saudi over-production, the past two years have tested that tenacity like never before. READ MORE

July 11, 2017

2017 Bakken oil conference begins next week

BY John NelsonThe 3rd Annual Bakken Conference & Expo will begin Monday, July 17th at the Bismarck Events Center in Bismarck, North Dakota. The event is expected to draw several hundred Bakken-focused professionals to the three-day gathering. READ MORE

July 11, 2017

Bruin buys Bakken assets from Halcon for $1.4 billion

BY Luke GeiverMoney is moving back into the Bakken. Through a transaction valued at $1.4 billion, Bruin Exploration & Production Co. has agreed to acquire Halcon Resources' operated Williston Basin oil and gas assets. READ MORE

July 11, 2017

LINN, Citizen merge to form major SCOOP/STACK pure play E&P

BY Luke GeiverThe SCOOP/STACK shale play of Oklahoma has brought two exploration and production firms together. In a consolidation effort that includes 70,000 net acres from each company, LINN Energy Inc. and Citizen Energy II have formed Roan Resources. READ MORE

July 11, 2017

Opinion: What is the issue?

BY Luke GeiverMany issues were present in the unconventional oil and gas development industry in early 2017. Today, with some issues still lingering and new issues starting to emerge, the real question is this: Is there an issue that the shale can't overcome? READ MORE

July 10, 2017

Baker Hughes and GE finalize merger deal

BY Patrick C. Miller A merger transaction combining GE’s oil and gas business with Baker Hughes has created a new company—BHGE—that GE says is the world’s first company bringing together equipment, services and digital solutions across the entire industry. READ MORE

July 10, 2017

Unimin plans West Texas sand plant to serve Permian Basin

BY Patrick C. Miller The largest proppant supplier to the oil and gas industry plans to build a regional sand processing plant in West Texas to support activity in the Permian Basin. Unimin Corp. expects the 5-million-ton-per-year plant to be ready by early 2018. READ MORE

July 10, 2017

Zinke issues order to streamline federal permitting process

BY Patrick C. Miller Department of Interior Secretary Ryan Zinke has issued an order aimed at speeding up the processing of applications for drilling permits on federal lands. Early this year, the Bureau of Land Management reported 2,800 permits pending. READ MORE

July 05, 2017

Carrizo adds to Eagle Ford focus, acquires Delaware Basin assets

BY Luke GeiverCarrizo Oil and Gas has agreed to acquire roughly 24,000 gross acres located in the Delaware Basin in a deal that is linked to oil prices. Carrizo's team now believes it is operating in two of the highest-return oil plays in the world. READ MORE

July 05, 2017

Novel gas lift maker explains benefits to shale producers

BY Staff Bill Quinlan, founder of a technology company that has designed and created a unique production lift offering for unconventional oil and gas operators, explains why his technology is particularly beneficial to the Bakken. READ MORE

July 05, 2017

Keane, RockPile complete frack company merger

BY Luke GeiverKeane Group Inc. and RockPile Energy Services have completed a merger that was announced earlier this year. Keane acquired RockPile for roughly $276 million. The addition helped increase Keane's presence in the Bakken. READ MORE

July 05, 2017

Report: U.S. shale production to reach 9 million bpd by 2025

BY Staff A McKinsey Energy Insights report on the outlook for North American shale projects U.S. oil production to reach 9 million barrels per day if prices stay at $60 to $70 a barrel from 2019 onward. Strong growth in the Permian is also expected. READ MORE

June 27, 2017

Shale producer turned oil tech maker forms JV with Schlumberger

BY Luke GeiverJeff Saponja and his team at Heal Systems bring a proven background to their work and development of a new unconventional oil and gas production enhancement technology. Before Saponja started Production Plus Energy, he was a Bakken operator. READ MORE

June 27, 2017

New study shows the benefits of natural gas across the U.S.

BY Staff A new study released by the American Petroleum Institute outlines the economic and energy benefits the U.S. receives from natural gas production and makes projections about the future. In 2015, the resource supported 4 million jobs in the country. READ MORE

June 27, 2017

New study offers first ever look at shale’s impact in Texas

BY Luke GeiverA group of experts in the fields of medicine, engineering and science believe they've completed the first-of-its-kind study on the impact of shale oil and gas development in Texas. READ MORE

June 27, 2017

How shale 2.0 is paving the way for the digital oilfield

BY Mark Hill The upstream industry loves a good dust-up. From crashing oil prices to Saudi over-production, the last two years have tested that tenacity like never before. READ MORE