U.S. Onshore ///

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.

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.

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.

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.

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.

Permian to pump oil at record rate as other plays dwindle

Oil production in the Permian basin keeps growing as other U.S. shale plays falter.

Sentinel Peak Resources acquires Freeport-McMoRan's California assets for $742 million

Sentinel Peak Resources (SPR) has entered into an agreement with the oil and gas subsidiary of Freeport-McMoRan to purchase their onshore California assets for $592 million plus an additional consideration of up to $150 million payable in certain circumstances based on a sustained Brent oil price environment over $70/bbl.

Newfield CEO sees cautious approach on ‘huge’ Oklahoma oil find

Don’t expect a major ramp-up of oil production in Oklahoma’s hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.’s CEO.

Williams’ $3-billion shale gas pipeline faces another setback

Williams Partners LP is facing yet another setback for a $3-billion pipeline project that would carry natural gas out of shale formations in the eastern U.S.

Oil rebound’s dirty little secret threatens U.S. gas bulls

One of the biggest threats to an extended rally in U.S. natural gas prices is lurking in the oil patch. Gas production in most of the country has dropped amid cost-cutting. Not so in the Permian basin, the nation’s biggest crude reservoir and one of the few places where drilling has remained profitable. Permian drillers, led by Occidental Petroleum and Pioneer Natural Resources, are pumping more oil as prices rise, pushing natural gas extracted as a byproduct from the West Texas play to almost 7 Bcfpd, Bloomberg Intelligence data show. That’s about 8%of U.S. supply.

U.S. oil output slide seen slowing as shale drillers return

Increased drilling by shale producers buoyed by higher prices will slow the decline in U.S. crude production, a government forecast showed.