Exploration & Production

December 11, 2017

Chevron plans to spend $3.3 billion in Permian next year

BY Patrick C. Miller In 2018, Chevron plans to spend $3.3 billion of its $18.3 billion capital and exploratory budget in the Permian Basin. Another $1 billion will be invested in shale and tight rock oil and gas and $6.6 billion will be spent on U.S. upstream assets. READ MORE

December 07, 2017

New industry partnership focuses on cutting emissions

BY Patrick C. Miller A newly formed oil and gas industry organization known as The Environmental Partnership aims to voluntarily reduce emissions of methane and volatile organic compounds through three performance programs. Twenty-six companies have already joined. READ MORE

December 05, 2017

New study explains competition between oil sands, tight oil

BY IHS Markit The abundance of so much light, tight oil will weigh on any new significant investment in heavy oil processing in North America, the study says. READ MORE

December 05, 2017

Magellan’s new proposal: connect Permian, Eagle Ford to TX coast

BY Luke GeiverMagellan Midstream has proposed a new pipeline project that would connect Permian and Eagle Ford crude production with export and refining locations in Corpus Christi and Houston, Texas. READ MORE

December 05, 2017

OPEC, Russia oil cuts for 2018 hinge on June meeting

BY Luke GeiverThe Organization of the Petroleum Exporting Countries decision last year to form a declaration of cooperation among members and non-OPEC members to install oil production curtailments will continue for another year. READ MORE

December 05, 2017

Continental announces more Bakken oil exports

BY Patrick C. Miller Continental Resources Inc. is exporting another 430,000 barrels of Bakken crude to international markets. Company chairman and CEO Harold Hamm said the transaction represents "the new reality of the United States as a world energy leader." READ MORE

December 05, 2017

Natural gas becoming fuel of choice for electrical generation

BY Staff As aging coal and nuclear power plants are retired, natural gas from shale is increasingly becoming the fuel of choice for new electrical generation. Gas Power Engineering & Construction outlines the trends in a new white paper. READ MORE

November 28, 2017

Predator drilling acquires JB Hunt Drilling assets for Permian

BY Luke GeiverThe Canadian-based drilling contractor entered the Permian Basin drilling scene in September 2016 and now it has found a way to expand through acquisition. READ MORE

November 28, 2017

6 major Permian producers partner on watershed project

BY Luke GeiverNoble Energy, Occidental Petroleum, XTO Energy and other major U.S. shale operators have signed on to be a part of the Pecos Watershed Conservation Initiative. READ MORE

November 28, 2017

Morgan Stanley, former ETP president partner on Midcon project

BY Luke GeiverThe SCOOP and STACK plays in the Midcontinent region of North America's shale landscape are worth investing in for Morgan Stanley Energy Partners. READ MORE

November 27, 2017

Eight companies commit to reducing methane emissions

BY ExxonMobil Eight major players in the oil and gas industry have signed an agreement to reduce methane emissions from the natural gas assets they operate internationally. BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall signed the agreement. READ MORE

November 20, 2017

Anadarko 2018: $900M+ to Delaware, DJ Basins

BY Luke GeiverAnadarko Petroleum Corp. will spend more than $900 million next year in both the Delaware Basin and the DJ Basin, putting the vast majority of the company's focus into U.S. shale energy development. READ MORE

November 20, 2017

SandRidge makes move to buy DJ Basin, Mid-con assets for $746M

BY Luke GeiverSandRidge Energy, an exploration and production company focused on the Midcontinent and Niobrara shale, has agreed to acquire Bonanza Creek Energy. The deal would give SandRidge 67,000 contiguous net acres in the DJ. Not all shareholders are happy. READ MORE

November 14, 2017

OPEC releases 2017 view on world oil trends

BY Staff It's been 10 years since OPEC released its first World Oil Outlook. Earlier this month OPEC released its 2017 version, highlighting the realities that exist in the global oil industry. READ MORE

November 14, 2017

China signs deals with Alaska, West Virginia for shale gas

BY Luke GeiverChina's desire to utilize U.S.-based shale gas can now be clearly seen in Alaska and West Virginia. During his recent tour of Asian countries, President Donald Trump helped to connect Alaska and West Virginia with China Energy Investment Corp. READ MORE

November 14, 2017

Energy groups oppose proposed DOE grid resiliency rule

BY Patrick C. Miller Twelve energy organizations led by the Natural Gas Supply Association have submitted comments to FERC in opposition to DOE's proposed grid resiliency rule. They said the rule uses discriminatory pricing to support coal and nuclear power plants. READ MORE

November 14, 2017

IEA report: U.S. now world leader in oil, gas

BY Luke GeiverThe rise of U.S. to the top of the oil and gas export hierarchy will not be impacted by a rise in—or shift to—passenger transport via electric vehicle. READ MORE

November 14, 2017

Diamondback Energy continues to grow Permian production

BY Patrick C. Miller Diamondback Energy reported strong production results in the Permian Basin during the third quarter of 2017. CEO Travis Stice said the company has grown production more than 175 percent for the past 11 quarters while operating within its cash flow. READ MORE

November 14, 2017

Exports create bullish market for shale oil

BY Staff Are the recent upswings in U.S. crude exports the trend of the future or a momentary blip on the radar? Greg Haas, director of integrated energy for Stratas Advisors in Houston, believes global exports are a prime market for U.S. shale oil producers. READ MORE

November 14, 2017

Noble Energy divests from non-core DJ Basin acreage

BY Patrick C. Miller Noble Energy has signed an agreement to divest about 30,000 acres from its non-core acreage in Colorado's DJ Basin. The deal with SRC Energy is worth $608 million with production estimated at 4,100 barrels of oil equivalent per day. READ MORE

November 07, 2017

Multi-zone development drives Devon Energy in STACK, Delaware

BY Patrick C. Miller Devon Energy weathered the impacts of Hurricane Harvey and reports that for the third quarter of 2017, it remains on track to achieve its U.S. oil production target. Strong performance from 50 new wells in the STACK play and Delaware Basin was key. READ MORE

November 06, 2017

Consumer Energy Alliance launches education campaign

BY Patrick C. Miller The Consumer Energy Alliance has launched a national campaign aimed at educating the public and key decision-makers on the critical role energy plays in the everyday lives of Americans. It calls for bipartisan support in dealing with energy issues. READ MORE

November 06, 2017

Concho exiting 2017 with optimism, eye on new shale model

BY Luke GeiverConcho Resources was the latest exploration and production firm to highlight a new trend in the unconventional oil and gas world. The company explained its shifting viewpoint during its Q3 call with investors. READ MORE

November 06, 2017

Cabot’s third quarter production, income rebounds from 2016

BY Patrick C. Miller Cabot Oil & Gas Corp. bounced back in the third quarter of 2017 compared to a year ago. The company posted a 12 percent crude production increase and a net income of $17.6 million. Cabot reported positive developments in the Marcellus and Eagle Ford. READ MORE

November 02, 2017

EIA: Haynesville shale gas production increasing

BY Staff Once one of the top shale gas producing regions in the U.S., EIA reports that production in the Haynesville region is rebounding, thanks to improved well completion techniques. The number of active rigs in the region has been rising since 2016. READ MORE

November 01, 2017

New report quantifies impact of Marcellus on PA’s gas prices

BY Luke GeiverA decade of unconventional shale gas retrieval efforts in Pennsylvania have greatly impacted the state, according to a new report by the Kleinman Center for Energy Policy. READ MORE

October 31, 2017

Rosehill spends $77M to double opportunity in Delaware Basin

BY Luke GeiverAlong with the prospect of drilling new wells, the company’s purchase will allow it to drill longer laterals. The contiguous acreage position it now has will let Rosehill drill 7,500 foot to 10,000 foot laterals. READ MORE

October 31, 2017

World Bank offers 2018 oil prices, shale breakeven points

BY Staff A new report from the World Bank indicates oil prices will rise in 2018 and U.S. shale breakeven costs will stabilize in the $40/b range for most major shale plays. READ MORE

October 31, 2017

Whiting reports third quarter results; names new CEO

BY Patrick C. Miller With strong performance from wells in North Dakota's Williston Basin and Colorado's DJ Basin, Whiting Petroleum expects a 10 percent production increase in the fourth quarter this year. The company also announced the retirement of CEO James Volker. READ MORE

October 27, 2017

DOI report outlines burdens to U.S. energy development

BY Patrick C. Miller The U.S. Department of Interior has released a report identifying federal actions under the agency's umbrella that burden the development and use of domestic energy resources. DOI also established a committee to expedite the permitting process. READ MORE