Exploration & Production

January 09, 2019

Downhole tool maker earns $50M investment for expanding in shale

BY Luke GeiverPost Oak Energy Capital believes in the need for downhole tooling in the unconventional oil and gas industry. The investment firm just provided $50 million in capital to Houston-based Prime Downhole Holdings LLC. READ MORE

January 09, 2019

TX sand news: supplying Eagle Ford, easing Permian flowback issue

BY Luke GeiverFrack sand season is still in full swing across Texas. In South Texas, Chesapeake energy has signed an agreement with Emerge Energy Services. In the Permian, new resin coated options could reduce flowback issues. READ MORE

January 08, 2019

Could acoustic tech make shale fracking better?

BY Oak Ridge National Laboratory A team of researchers at Oak Ridge National Laboratory are using a combination of neutron and x-ray scattering to make hydraulic fracturing safer and more efficient. Tests are already showing promising results. READ MORE

January 07, 2019

Elliott makes take-over bid of shale player QEP Resources

BY Luke GeiverActivist hedge-fund Elliott Management Corp. believes in the moves QEP Resources made in 2018 to become a pure-play Permian operator. Now, shareholders of the Denver-based company may be rewarded. READ MORE

January 07, 2019

To build E&P of the future, Concho adds several new leaders

BY Luke GeiverConcho Resources, one of the Permian's largest exploration and production company, is starting 2019 with new leadership roles, including several new vice president level appointments. READ MORE

January 04, 2019

Dallas survey reveals current mood of TX shale oil industry

BY Luke GeiverAs oil prices hover in the low $50 per barrel range, shale oil industry participants remain flat on their activity level commitments. The Federal Reserve Bank of Dallas recently released its oil survey and the results differ from previous quarters. READ MORE

January 02, 2019

Survey reveals shale operator preference with midstream oil, gas

BY EnergyPoint Reserach Findings from a newly released 2018 Oil & Gas Midstream Services Customer Satisfaction Survey conducted by EnergyPoint Research indicate providers of midstream services face both opportunity and challenge in today’s dynamic North American market. READ MORE

January 02, 2019

WaterBridge uses $800M loan to bolster Permian water assets

BY Luke GeiverThe Permian Basin water disposal business is booming thanks to the continued evolution of well completion designs. WaterBridge Resources will invest $800 million to acquire assets to meet the growing demand in the Delaware Basin. READ MORE

December 31, 2018

New shale gas drilling methods boost production potential

BY University of Texas-Austin A new analysis of the nation's major shale gas plays has revealed that the amount of natural gas that can be technically recovered from future well locations has increased by 20 percent. READ MORE

December 20, 2018

Double-digit Permian rigs, multiple frac crews for 2019 Parsley

BY Luke GeiverParsley Energy's Permian rig count for 2019 will remain in the double digits. Early plans for next year also include three to four frack spreads. For the full-year, the capital deployment budget will be up to $1.55 billion. READ MORE

December 20, 2018

WoodMac: Upstream positioned to thrive in 2019

BY Wood Mackenzie A new outlook by Wood Mackenzie sheds light on the view of the upstream sector. "Upstream will still account for the majority of capital investment in 2019," the report explains. READ MORE

December 17, 2018

Baytex plans 30 new wells for Eagle Ford

BY Luke GeiverBaytex Energy Corp. is focusing on two plays in 2019: the Eagle Ford of Texas and the Viking shale play of Canada. To produce 97,000 boe/d, Baytex intends to invest $650 million. READ MORE

December 17, 2018

Hess, US Dept of Labor complete new Bakken training program

BY Hess Corp. The Registered Apprenticeship Program certificate will allow all JET students to earn a USDOL credential that formally recognizes their efforts as students and as journey-level operators. READ MORE

December 17, 2018

Pioneer’s shale share repurchase program rises by $1.9B

BY Luke GeiverThe share repurchase plans of Pioneer Natural Resources have shifted by $1.9 billion since February this year. The Dallas-based exploration and production company focused on the Permian will now buy-back $2 billion shares. READ MORE

December 13, 2018

Energy law firm: oil, gas outlook for 2019

BY Baker Botts Baker Botts is seen a as world class global energy law firm. The firm has provided insight into the oil and gas market in 2019 based on three main focus areas for above- and below-surface issues. READ MORE

December 12, 2018

Marathon reports production results from Bakken core extension

BY Marathon Oil Corporation Marathon Oil Corp. has announced encouraging early production results at an important four-well Middle Bakken pad in the company's Ajax area of the Williston Basin in Dunn County, North Dakota. READ MORE

December 11, 2018

ConocoPhillips rolls out new operating model for 2019

BY Luke Geiver“We no longer think of our value proposition as merely disciplined, we view it as the new order. We are running our business for sustained through-cycle financial returns, which is necessary for attracting investors back to the E&P sector." READ MORE

December 10, 2018

USGS releases new oil-in-place assessment for two Permian zones

BY U.S. Geological Survey The U.S. Department of the Interior has announced the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico. READ MORE

December 10, 2018

Hess boosting rig count, production in Bakken for 2019

BY Luke GeiverTo deliver strong returns, production growth and significant future free cash flow, Hess Corp. will spend 75 percent of its 2019 capital budget in the Bakken shale play. The Bakken will receive $1.425 billion. READ MORE

December 10, 2018

Chevron 2019 shale plans includes $3.5B to Permian

BY Luke GeiverChevron has earmarked $3.5 billion for the Permian in 2019. The oil major released a basic spending for 2019 that will equal $20 billion for both upstream and downstream across its U.S. and international operations. READ MORE

December 05, 2018

P2 releases AI system for shale lease management

BY Luke GeiverArtificial intelligence can now be used for oilfield leases. ThoughtTrace, a tech company that uses AI for quickly assessing and compiling critical information in legal documents, is working with P2 on a system for the Permian. READ MORE

December 04, 2018

The impact of Qatar’s exit from OPEC

BY Wood Mackenzie Qatar has announced it will withdraw from OPEC in January 2019, putting an end to its 57-year membership of the producer's cartel. Qatar, which said it intends to focus on its gas production will now look to LNG expansion. READ MORE

November 30, 2018

Rystad shale analyst details new decline curve forecast model

BY Luke GeiverRystad Energy's Alexandre Ramos-Peon, a senior analyst for the energy analytics firm, has released new input on the use of artificial intelligence and machine learning in shale well decline curve forecasting. READ MORE

November 28, 2018

With eye on discounted Bakken crude, Par Pacific buys refinery

BY Luke GeiverA Houston-based energy infrastructure company will pay nearly $340 million for a Washington refinery advantaged because of its connection to Bakken crude. READ MORE

November 28, 2018

Chesapeake, Pronghorn agree to shale sand contract in Wyoming

BY Luke GeiverFor Chesapeake, Pronghorn will provide sand management, logistics and wellsite services for the E&P’s Wyoming Powder River Basin operations. In 2019, Chesapeake believes its oil production in the PRB will double. READ MORE

November 26, 2018

Port of Corpus Christi becoming shale oil hub of North America

BY Luke GeiverWith two- to three-million new barrels of oil per day expected at the Port of Corpus Christi next year, leadership at the burgeoning shale oil export hub said the appropriate infrastructure is on the way. READ MORE

November 26, 2018

To focus on Permian, QEP sells Haynesville assets

BY Luke GeiverAethon Energy is putting its investment expertise to work in the Haynesville shale. The Dallas-based energy investment company that is active in many of North America's most active shale plays, will buy assets from QEP Resources. READ MORE

November 20, 2018

ND Bakken rewrites oil, gas production record books in September

BY Luke GeiverNorth Dakota's oil and gas industry broke nearly every major production record for the month of September. That state added nearly 70,000 barrels of oil to production totals for the month to exceed 1.3 million barrels of oil produced per day. READ MORE

November 20, 2018

Forbes Energy adds long-reach coiled tubing service to shale ops

BY Forbes Energy Services Cretic, headquartered in Montgomery, Texas, provides large-diameter, extended-reach, coiled tubing services to oil producers predominantly in the Permian Basin. The company has been an early mover in bringing high capacity coiled tubing units. READ MORE

November 16, 2018

Anadarko outlines 2019 shale plans, new dividend payments

BY Luke GeiverAnadarko Petroleum Corp. will spend billions across its shale acreage in Texas and Colorado in 2019. The plan for next year involves a capital budget spending range between $4.3 billion to $4.7 billion. READ MORE