U.S. Onshore ///

Flat Time Reduction launches Lean Oilfield Solutions

Flat Time Reduction (FTR), a Houston-based engineering and management consulting firm, has developed a new system tailored specifically for the oil and gas industry, based on the proven methodology behind lean manufacturing.

Texas Railroad Commissioner Ryan Sitton discusses innovative disruption in energy

Railroad Commissioner Ryan Sitton met with 100 senior level oil and gas executives in Houston yesterday for "An Energy Evening" hosted by KCA, a business consultancy serving energy, technology and legal clients.

LINN Energy sells interest in San Joaquin basin for $263 million

LINN Energy, Inc. has announced that it has signed a definitive agreement to sell its interest in properties located in the San Joaquin basin, Calif., to an undisclosed buyer for a contract price of $263 million, subject to closing adjustments.

White Knight doubles reserves, acreage and production with TXON-SCZ merger

White Knight Production I (WKP) has announced the prior closing of its combination with TXON-SCZ, LLC, bringing together the assets of the two private, independent oil and gas portfolio companies of private equity firm Bayou City Energy (BCE).

Anadarko’s Walker: Oil won’t move past $60/bbl before 2020, industry needs NAFTA

Crude oil prices have varied widely in the past year, and Anadarko CEO Al Walker doesn’t think prices will extend beyond the $50-$60/bbl range before the end of the decade.

FairfieldNodal, Schlumberger team up for 3D survey in Permian

FairfieldNodal and Schlumberger today announced a strategic multiclient joint venture in the southern Delaware basin of West Texas.

Chisholm Energy Holdings announces acquisition in Permian basin

Chisholm Energy announced that it has closed on the acquisition of its first asset, located in the New Mexico region of the Delaware basin.

Shale play `left for dead' gets some love as U.S. gas rises

A natural gas basin that helped kickstart the shale boom a decade ago is getting a new lease on life as the market recovers.

Kalnin Ventures announces fourth Marcellus asset acquisition

Kalnin Ventures LLC today announced it has signed a Purchase and Sale Agreement (PSA) on its fourth acquisition of a non-operating portfolio in the northeast portion of the Marcellus shale, on behalf of its BKV Fund and investor Banpu Pcl.

Resolute Energy closes Delaware basin Bronco acquisition

Resolute Energy Corporation has announced the closing of its previously announced Bronco acquisition of certain oil and gas properties located in Reeves County, Texas, for an aggregate purchase price of $160 million, adjusted for normal closing purchase price adjustments.

Occidental shareholders override board in approving climate proposal

Occidental Petroleum Corp.’s shareholders approved a proposal Friday to require the oil and gas exploration company to report on the business impacts of climate change, marking the first time such a proposal has passed over the board’s objections.

U.S. shale's favorite financial trick is getting less attractive

Oil bulls, take heart! U.S. drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.

In fight against U.S. shale oil, OPEC risks lower for longer

In January, Khalid Al-Falih, the Saudi oil minister was exultant. The output cuts he’d arranged with fellow OPEC states and Russia were working so well, he said, they could probably be phased out by June.

Republican window to roll back Obama's rules closes at 14-1

Republicans efforts to rescind a myriad of Obama-era rules ended with 14 regulations eliminated from the books but one late failure.

Peregrine Petroleum announces re-entry into Permian basin

Peregrine Petroleum Partners, Ltd., have announced that it has re-entered the Permian basin with the closing of a joint venture to develop a resource asset in the Southern Permian basin.

WildHorse Resource Development Corp. acquires Eagle Ford properties for $625 million

WildHorse Resource Development Corporation today announced that it has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation and affiliates of Kohlberg Kravis Roberts & Co. L.P. for aggregate consideration of $625 million, subject to certain customary closing conditions.

New York threatens to spoil Trump's push for fossil fuels

Forget the climate warriors of California. The state best positioned to spoil Donald Trump’s plan to unleash America’s fossil-fuel resources may be New York.

Foothills Exploration announces acquisiton of Uinta-Piceance basin assets

Foothills Exploration, Inc., an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, today announced that it has entered into a purchase and sale agreement with an undisclosed seller.

Trump takes aim at western U.S. monuments that may hold oil riches

Bears Ears National Monument in Utah boasts stretches of red-and-yellow sandstone so brilliant they appear to be ablaze and rock structures so precarious they appear to defy gravity.

Average U.S. rig count increased by 416 from April 2016, Baker Hughes says

Baker Hughes Incorporated has announced that the average U.S. rig count for April 2017 was 853, up 64 from the 789 counted in March 2017, and up 416 from the 437 counted in April 2016.