North America ///

Clayton Williams transitions to pure play Permian operator with asset sale

Clayton Williams Energy has entered into a definitive purchase and sale agreement with a third party to sell substantially all of the company's assets in the Giddings Area in East Central Texas for a sale price of $400 million.

Wastewater disposal likely induced magnitude 5.1 Oklahoma quake: USGS

Distant wastewater disposal wells likely induced the third largest earthquake in recent Oklahoma record, the Feb. 13, 2016, magnitude 5.1 event roughly 32 km northwest of Fairview, Okla.

CGG wins Pemex contract for Mexico’s Perdido area

CGG has been awarded a major contract by Pemex to deliver an orthogonal wide-azimuth integrated solution designed to optimize subsalt seismic imaging in the geologically complex deep waters of the Perdido area.

Mexico, Brazil vie for Big Oil’s cash in offshore auctions

Service companies slip into bankruptcy as oil prices rally too late

The rally in energy prices is coming too late to save some of the most troubled oil services companies.

Arctic Iñupiat Offshore joins campaign calling for Alaska's Arctic to remain in federal leasing plan

Arctic Iñupiat Offshore (AIO) has announced that it is joining the Arctic Coalition, a collection of 21 Alaskan and nationwide organizations that support responsible energy development in and off the coast of Alaska.

Carrizo Oil & Gas acquires Eagle Ford properties for $181 million

Carrizo Oil & Gas has announced that it has agreed to acquire Eagle Ford shale properties from an affiliate of Sanchez Energy Corp. for $181 million in cash, subject to customary closing adjustments.

Danos expands presence in Permian basin

Danos is expanding its footprint in the Permian basin region, adding more office and shop space in order make its full range of services offerings available to customers in the area.

Wood Group wins multiyear contract on Canada's Hibernia platform

Wood Group has secured a five-year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company.

Shell divests shale acreage in Western Canada for $1 billion

Royal Dutch Shell, through its affiliate Shell Canada Energy, has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately $1,037 million.

Chesapeake declares ‘propageddon’ with record frac job

The era of the monster frac has arrived in North America, and Chesapeake Energy Corp. is singing its praises.

U.S. gas production gives back August gains, IHS Markit says

U.S. natural gas production levels in the lower 48 states declined by nearly 1.2% in September as compared to August levels, according to analysis from IHS Markit.

Halliburton, U.S. Silica break record for moving largest sand unit train in North America

Halliburton and U.S. Silica Holdings moved a record breaking unit train carrying nearly 19,000 tons of U.S. Silica White frac sand from Ottawa, Ill., to Elmendorf, Texas.

OPEC price war offers meager rewards as U.S. shale survives

When the Organization of Petroleum Exporting Countries started its price war, the U.S. shale boom looked doomed.

Halliburton ready to sacrifice market share to boost profit

After boosting North American sales for the first time during the downturn, Halliburton is determined to raise prices for its services to lock in profits in the world’s largest fracing market.

Oasis’ Bakken deal shows play still has life as costs drop

Oasis Petroleum’s double-down on North Dakota’s Bakken shale shows the rapid drop in U.S. drilling costs can make a case for even the ugly ducklings of American shale plays.

Casillas Petroleum acquires SCOOP acreage from Continental

Casillas Petroleum Resource Partners, a partnership between Casillas Petroleum Corp. and Kayne Anderson Energy Funds, has closed on the purchase of certain oil and gas assets owned by Continental Resources in the SCOOP play in Oklahoma for an adjusted purchase price of $294 million.

Permian is ‘last man standing’ in worldwide collapse

The biggest U.S. oil field just keeps getting bigger as explorers discover so many rich new pockets of crude that investors are more than willing to look past the slump in oil prices to bankroll ambitious drilling and acquisition programs.

Comstock Resources sells south Texas gas assets

Comstock Resources has entered into a definitive purchase and sale agreement with a third party to sell Comstock's conventional natural gas properties in south Texas for a sale price of $28.0 million.

SM Energy expands in Midland basin with new acquisition

SM Energy has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland basin footprint to approximately 82,450 net acres.