Exploration & Production

April 30, 2018

Marcellus producer reiterates 5-year plan, highlights drilling

BY Luke GeiverRange Resources used its first quarter investor update to remind shareholders of the true intent for its five-year plan the company released last year. READ MORE

April 30, 2018

Antero explains impact of Marcellus efficiency gains

BY Luke GeiverAfter one quarter, Antero Resources is on pace to meet or exceed its projected production guidance for 2018. Despite difficult operation conditions and severe weather to start the year, Paul Rady, CEO, said D&C gains are helping. READ MORE

April 23, 2018

Tally Energy Services acquires two Gearcon companies

BY Patrick C. Miller With the acquisition of Gearcon Inc. and Gearcon Drilling Tools, Tally Energy Services of Houston has added downhole drilling motors to the list of products it provides to shale oil and gas operators. The Canadian companies will relocate to Texas. READ MORE

April 23, 2018

ConocoPhillips: Alaska winter exploration program looks promising

BY Patrick C. Miller A winter exploration and appraisal program conducted by ConocoPhillips on the western North Slope in Alaska provided promising results. The data confirmed the company's estimate of 300 million barrels of recoverable oil in its Willow Discovery. READ MORE

April 23, 2018

EIA: Shale's share of U.S. production will increase through 2050

BY Staff Tight, light sweet crude from U.S. shale is expected to account for 70 percent of the nation's oil production by 2050, according to the Energy Information Administration's Annual Energy Outlook 2018. READ MORE

April 22, 2018

STACK-focused operator partners on new shale drilling plan

BY Canyon Creek Energy Canyon Creek Energy-Arkoma LLC has entered into a joint development agreement with Pivotal Petroleum Partners II LP to jointly fund the development of wells on CCEA's acreage in the STACK shale play of Oklahoma. READ MORE

April 17, 2018

Are better times ahead for oilfield services?

BY Patrick C. Miller Higher than expected oil prices early in 2018 is good news for the U.S. oilfield services and equipment sector. A new report from McKinsey Energy Insights cautions that margins remain under pressure even as efficiencies continue to improve. READ MORE

April 17, 2018

Trinidad Drilling changes plan to move rigs from Saudi Arabia

BY Patrick C. Miller Three drilling rigs that Trinidad Drilling had planned to move from Saudi Arabia to the Permian Basin will instead be sold. The Canadian company will sell the rigs for $30 million each and upgrade three other rigs for use in the Permian. READ MORE

April 16, 2018

Diamondback, Viper report first quarter production increases

BY Patrick C. Miller Texas-based Diamondback Energy and its subsidiary Viper Energy Partners both reported production increases from their assets in the Permian Basin during the first quarter of 2018. Diamondback's average price per barrel was nearly $62 for the quarter. READ MORE

April 10, 2018

Platts analyst explains these trends in the shale rig count

BY Luke GeiverThe U.S. rig count was up two percent in March compared to February and 22 percent when compared to March of last year, according to data released by S&P Global Platts Analytics. READ MORE

April 02, 2018

Concho, RSPP agree to form largest shale producer in Permian

BY Luke GeiverWith the Permian Basin moving into a more intense development phase, Tim Leach, CEO of Concho Resources Inc., believes now is the time to pursue massive operating scale. In a deal valued at $9.5 billion, Concho created the largest of all. READ MORE

April 02, 2018

Oak Ridge National Lab probes the secrets of shale

BY Staff Scientists at DOE's Oak Ridge National Laboratory are studying the characteristics of and interactions within shale formations to improve the efficiency of oil and gas extraction. They discussed their work with North American Shale Magazine. READ MORE

April 02, 2018

Materion releases downhole tech proven in Bakken, Permian

BY Materion Corp. This new coupling uses the same ToughMet alloy that has been proven to increase run times and production when used for sucker rod couplings in deviated wells in the Bakken, Permian and other shale plays. READ MORE

April 02, 2018

SM Energy closes Powder River assets sale, provides update

BY Patrick C. Miller SM Energy Co. of Denver has completed the sale of most of its Powder River Basin assets to Northwoods Operating for $500 million. The company also reported spending $350 million to complete 23 wells in the Permian and Eagle Ford basins. READ MORE

April 02, 2018

U.S. shale producers choose to optimize portfolios in 2018

BY Patrick C. MillerSo far in 2018 some major U.S. shale producers are looking to optimize their portfolios by focusing on acreage transactions, according to Rystad Energy, an energy consulting firm based in Norway. Capital expenditures are also trending upward. READ MORE

April 02, 2018

South Korea energy entity acquires STACK shale assets

BY Luke GeiverAn affiliate of SK Group, the second largest business group in South Korea, is once again investing into North American shale. SK E&P America Inc., the subsidiary of SK Group, has entered into an agreement to buy assets in the STACK shale play. READ MORE

April 02, 2018

Frack Fleet CEO: Decades of work remain in Permian

BY Luke GeiverA year into its existence as a publicly traded company, ProPetro Holding Corp. has secured its foothold in the Permian Basin. In 2017, the company grew employee headcount by nearly 100 percent. READ MORE

March 26, 2018

West Virginia, Ohio, Pennsylvania extend shale coalition

BY Patrick C. Miller The states of West Virginia, Ohio and Pennsylvania are extending the agreement for the Tri-State Shale Coalition which enables them to jointly develop shale gas resources in the Appalachian Basin. The goal is to grow businesses and create jobs. READ MORE

March 26, 2018

Magnolia to focus on Eagle Ford with big-funding, big-name CEO

BY Luke GeiverBy mid-2018, former Occidental Petroleum CEO Steve Chazen will be leading a newly formed publicly traded exploration and production firm. With $2.6 billion in investment backing from TPG Pace Energy Holdings, Magnolia will target the Eagle Ford. READ MORE

March 19, 2018

Liberty provides first update as public frack company

BY Luke GeiverIn its first earnings call as a public company, Liberty Oilfield Services' executive team explained its recent accomplishments, expectations for full-year 2018 and the general state of the frack market. READ MORE

March 19, 2018

Holt: Russia sows discord, discontent in American society

BY Staff What are the Russians hoping to achieve by using social media to disrupt U.S. energy markets and policies? David Holt, president of the Consumer Energy Alliance, provides North American Shale with his perspective on a recent House committee report. READ MORE

March 16, 2018

Oil and gas customer satisfaction leads to increased sales

BY Staff For oil and gas businesses that want to increase sales during times of higher oil prices, improving customer satisfaction could be the key. The 2017 Energy Benchmark Study found that looking beyond technical solutions can be profitable. READ MORE

March 16, 2018

Dinosaur-era volcanic ash linked to shale oil and gas formation

BY Rice University Geologists at Rice University in Houston believe that the formation of U.S. shale oil and gas plays is related to ash deposits from thousands of dinosaur-era volcanic eruptions. Their study was recently published in Nature's Scientific Reports. READ MORE

March 16, 2018

Statoil changing name to reflect new energy focus

BY Statoil The name Equinor is formed by combining “equi,” the starting point for words like equal, equality and equilibrium, and “nor”, signaling a company proud of its Norwegian origin, and who wants to use this actively in its positioning. READ MORE

March 12, 2018

Baytex CEO: Eagle Ford to generate significant cash flow

BY Luke GeiverExpect more of the same from Baytex Energy Corp. across its Eagle Ford operations this year. After recording the highest netbacks since 2014 at its Eagle Ford acreage, Baytex said it will give the south Texas play the first call on 2018 capital. READ MORE

March 12, 2018

ExxonMobil's aggressive long-term growth reliant on Permian

BY ExxonMobil Through its acquisition of several Bass entities in 2017, ExxonMobil added an estimated resource of 5.4 billion oil-equivalent barrels in the Permian. The original resource estimate was 3.4 billion barrels at the time of the purchase. READ MORE

March 12, 2018

Dallas Federal Reserve establishes Energy Advisory Council

BY Dallas Federal Reserve The Federal Reserve Bank of Dallas has formed an Energy Advisory Council to provide guidance on emerging trends and issues affecting the energy industry. Industry executives from Texas, New Mexico and Louisiana will serve on the council. READ MORE

March 12, 2018

Hess announces $1 billion share repurchase program

BY Hess Corp. Hess Corp. last week announced that it will repurchase $1 billion of its common stock by the end of 2018. CEO John Hess said the company is in position to increase cash returns to shareholders, partly because of the positive outlook for oil prices. READ MORE

March 12, 2018

Russians are attempting to influence U.S. energy policy, markets

BY Patrick C. Miller The Russian government is using social media in an attempt to influence U.S. energy policy and disrupt the production of shale oil and gas from fracking, according to a report from the U.S. House Committee on Science, Space and Technology. READ MORE

March 06, 2018

Delaware Basin drives EOG to big finish in last quarter of 2017

BY Patrick C. Miller EOG emerged from the oil and gas industry downturn in 2017 with what CEO William Thomas called "unprecedented levels of efficiency and production," turning last year's losses into big gains that will be passed on to stockholders. READ MORE