U.S. Onshore ///

Jones Energy exits Arkoma basin with non-core asset sales

Jones Energy, Inc., has announced that it has entered into definitive agreements to sell several non-core assets, including an agreement to sell its Arkoma basin properties, for a combined total of up to $70 million, subject to closing adjustments.

Shale tycoon who turned Enron reject into gold builds again

After helping give birth to the U.S. shale boom a decade ago, Mark Papa is starting over at age 70 with a new $3.6-billion oil explorer he built from scrap amid the worst market crash in a generation.

Lonestar Resources announces 30-day production rate of 2,123 boed at Eagle Ford well

Lonestar Resources has announced that the Wildcat B1H well has established a 30-day production rate of 2,123 boed, consisting of 890 bopd (42%), 764 bbl of natural gas liquids (36%) and 2,815 Mcfgd (22%).

Storm Cindy bears down on Gulf coast after curbing oil and gas operations

Tropical Storm Cindy has curbed energy production in the GOM, disrupted shipping and forced workers off oil and gas platforms.

Empyrean reports increased interest in Sacramento basin, California

Empyrean has announced that it has entered into a new agreement with Sacgasco Limited, to increase Empyrean’s interest in the package of gas projects in the Sacramento basin, onshore California (the Farm-In), previously announced on May 15, 2017 and amended on June 16, 2017.

H2O Midstream acquires Permian basin produced water assets from Encana

H2O Midstream announced today the acquisition of produced water infrastructure from Encana Oil & Gas (USA) Inc. concurrent with the execution of an acreage dedication based midstream water services agreement. Under the agreement, H2O Midstream will gather, dispose and deliver for re-use produced water for a substantial portion of Encana’s acreage position in Howard County, Texas.

EQT dubbed largest U.S. gas driller after $6.7-billion Rice buy

EQT Corp. will become the largest U.S. natural gas producer after agreeing to buy Rice Energy Inc.’s holdings in the hydrocarbon-rich Marcellus shale formation for about $6.7 billion in cash and stock.

LAGCOE announces LAGCOE Looey 2017: Don Briggs

LAGCOE is proud to announce LAGCOE Looey 2017, Mr. Don Briggs, Founding Member and President of the Louisiana Oil and Gas Association. LAGCOE Looey is an honorary position given to someone who has accomplished something great in the oil and gas industry.

Hess announces sale of enhanced oil recovery assets in Permian basin

Hess Corporation has announced that it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian basin to Occidental Petroleum Corporation for a total consideration of $600 million, effective June 1, 2017.

WebCreek releases virtual reality oilfield training solution

Houston-based software company WebCreek has recently launched its virtual training module for oilfield operations.

EQT Corp. to acquire Rice Energy for $6.7 billion

EQT Corporation and Rice Energy Inc. announce that they have entered into a definitive merger agreement under which EQT will acquire all of the outstanding shares of Rice common stock for total consideration of approximately $6.7 billion – consisting of 0.37 shares of EQT common stock and $5.30 in cash per share of Rice common stock.

Oil trades near $45 as U.S. continues drilling expansion

Oil traded near $45/bbl following a fourth weekly loss as U.S. drillers continued to add rigs, blunting OPEC-led efforts to rebalance an oversupplied market.

Sanchez Energy announces sale of non-core Marquis asset in Eagle Ford

Sanchez Energy Corporation has announced that the Company has sold its non-core Marquis asset in the Eagle Ford Shale to Lonestar Resources U.S., Inc., for approximately $50 million of cash, subject to the Jan. 1, 2017, effective date and other normal and customary pre- and post-closing adjustments.

Shale drillers may be digging own hole as oil flirts with $40

U.S. shale is coming perilously close to puncturing its own rally.

Shale gas giants battle for dominance as U.S. supplies surge

The two biggest shale gas deposits in the U.S. are producing a record amount of the power-plant fuel, signaling that a fight for market share will intensify as supply outstrips demand.

University of Michigan endowment to boost investments in energy

The University of Michigan’s endowment is looking for yield by boosting its holdings in two Texas-based energy funds.

Encana sells Piceance assets in northwestern Colorado for $735 million

Encana Corporation has announced that its wholly-owned subsidiary, Encana Oil & Gas, Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado, to Denver-based Caerus Oil and Gas LLC.

Gas boom snarling traffic at one of America's busiest ports

A boom in natural gas exports from the U.S. Gulf Coast is raising the prospect of traffic jams at one of America’s busiest ports.

Paris pullout pits U.S. Chamber against the likes of Exxon Mobil, Citigroup

As President Donald Trump mulled whether to exit the Paris climate accord, companies as varied as Dow Chemical Corp., Exxon Mobil Corp. and Citigroup Inc. prodded him to stay in.

Key shale-boom booster threatened by Trump's spending-cut plans

An agency instrumental to America’s surge in energy production would lose half its funding in President Donald Trump’s proposed federal budget.