Exploration & Production

July 24, 2018

After merger, US Well Service set for the Nasdaq

BY US Well Service Matlin & Partners Acquisition Corp., a publicly traded special purpose acquisition company, and U.S. Well Services LLC, a high-quality provider of hydraulic fracturing services, have merged and will soon be publicly traded on the Nasdaq. READ MORE

July 24, 2018

Technical Toolboxes launches horizontal directional drilling tool

BY Technical Toolboxes Technical Toolboxes, a Houston-based provider of integrated cloud-based pipeline software, has launched its new Horizontal Directional PowerTool. It enables safe, efficient pipeline drilling, reaming and installation during design and construction. READ MORE

July 24, 2018

Two Texas drilling companies agree to $150 million merger deal

BY Patrick C. Miller Two Texas drilling companies based in Houston have agreed to a $150 million merger transaction. Independence Contract Drilling and Sidewinder Drilling will combine drilling fleets to focus on the Permian Basin, Haynesville region and other areas. READ MORE

July 17, 2018

Stable and steady makes the Bakken attractive to investors

BY Patrick C. Miller The era of 'Permania' has ended, says Pablo Prudencio, a Wood Mackenzie research analyst. Although the Permian remains the crown jewel of U.S. shale plays, the more stable economics of the Bakken might yet prove to be a better long-term investment. READ MORE

July 17, 2018

Industry demonstrates commitment to stoping pipeline leaks

BY Patrick C. Miller Bakken Conference & Expo attendees learned on Tuesday how Oasis Petroleum is using technology and training to boost its position as a major Bakken producer and how it's become a leader in industry efforts to prevent pipeline spills. READ MORE

July 17, 2018

Medallion launches open season of crude pipeleine expansion

BY Medallion Pipeline Co. LLC Medallion Pipeline Co. LLC of Irving, Texas, has announced a binding open season to solicit long-term, firm shipper commitments for a major expansion of its crude oil pipeline system in the Midland Basin. READ MORE

July 17, 2018

Is it boom time again? Bakken Conference speakers offer insight

BY Patrick C. Miller From historic trends to future forecasts, speakers at the fourth annual Bakken Conference & Expo in Watford City, North Dakota, offered their insights on data analysis and key technologies impacting the shale oil and gas industry. READ MORE

July 16, 2018

North Dakota sets new oil and gas production records in May

BY Patrick C. Miller During the month of May, North Dakota set new production records for oil and gas. However, the increased gas production resulted in more flaring and producers missing the North Dakota Industrial Commission's goals for gas capture. READ MORE

July 10, 2018

China’s new air quality plan could increase LNG imports

BY Staff China's new "blue sky" action plan to significantly reduce air pollution in the country has broad implications for the energy industry, commodity prices and the economy. Prakash Sharma, Wood Mackenzie's expert on China, shared his insights. READ MORE

July 10, 2018

Noble Energy adds takeway capacity to Delaware Basin production

BY Patrick C. Miller Noble Energy of Houston has added a sales agreement to increases its takeaway capacity in the Delaware Basin, which also provides access to the port of Corpus Christi. The agreement provides 5,000 bpd of capacity, increasing to 10,000 bpd in October. READ MORE

July 09, 2018

Venado Oil, KKR acquire more Eagle Ford shale assets

BY Patrick C. Miller Venado Oil and Gas and its investment firm partner KKR have made their third Eagle Ford acquisition in the past 18 months. Venado Oil will operated 22 wells on 23,000 net acres acquired adjacent to its existing assets. READ MORE

July 09, 2018

Ascent Resources acquires $1.5 billion in Utica shale properties

BY Patrick C. Miller Ascent Resources has strengthened its position as a Utica shale pure play operator with the $1.5 billion acquisition of properties from Hess Corp., CNX Resources, Utica Minerals Development and a fourth undisclosed seller. READ MORE

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