U.S. Onshore ///

USGS estimates 8.5 Bbbl of oil in Texas’ Eagle Ford Group

The Eagle Ford Group of Texas contains estimated means of 8.5 Bbbl of oil, 66 Tcf of natural gas, and 1.9 Bbbl of natural gas liquids, according to a new assessment by the U.S. Geological Survey. This estimate consists of undiscovered, technically recoverable resources in continuous accumulations.

IPAA supports onshore permitting, regulatory reform legislation

Independent Petroleum Association of America (IPAA) President and CEO Barry Russell in a letter praised the House Committee on Natural Resources for advancing smart, thoughtful solutions that would remove bureaucratic regulatory burdens to safe and responsible oil and natural gas development on public lands.

Unfractured wells growing as Permian pipeline scarcity worsens

Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse.

Native sand leader Shale Support purchases two natural mines in Louisiana

Shale Support, a leading provider of frac-sand and logistical solutions to the oil and gas proppant market, announced it has closed on a deal purchasing two natural mines in Kinder and Central Louisiana.

Shale giant says Permian oil faces shut ins on pipe shortage

The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers.

Icahn is said likely to have won control of SandRidge board

Activist investor Carl Icahn is expected to have won control of embattled oil and gas driller SandRidge Energy Inc.’s board based on preliminary results, according to people familiar with the matter.

Reveal Energy Services signs first operator volume agreement

Reveal Energy Services has announced the signing of its first operator volume agreement. Arsenal Resources, a pure-play natural gas operator in the Marcellus’ West Virginia core, has agreed to validate the completion designs of its 2018 wells with Reveal Energy Services’ simple, accurate, affordable pressure-based fracture maps.

Shell seen reclaiming dominance in Texas shale country

Shale oil hasn’t always been Royal Dutch Shell Plc’s best friend, but they’re working on the relationship.

Baytex Energy, Raging River Exploration announce merger valued at $5 billion

Baytex Energy Corp. and Raging River Exploration Inc. have announced that their respective boards of directors have unanimously agreed to a strategic combination of the two companies.

U.S. oil's pricing allure risks being dulled by China tariff

China’s planned levies on U.S. crude as part of an escalating trade dispute threatens to dim the attractiveness of American supplies in the world’s biggest oil-importing nation.

ANWR could boost U.S. oil supplies, but it's going to be a while

Don’t hold your breath waiting for oil from ANWR.

Magnolia Petroleum sees potential sale of North Dakota assets to avoid bankruptcy

Magnolia Petroleum plc, the U.S. focused oil and gas E&P company, has announced that it has signed a non-binding agreement with a third party for the sale of all its wells in which it has varying interests in North Dakota, being approximately 31 wells, for a total consideration of $1.5 million.

Oil play ditched years ago draws EOG, Conoco as Permian fallback

The next frontier for U.S. oil’s resurgence may come on familiar terrain.

IHS Markit: "Stunning" Permian oil production to more than double from 2017-2023

Oil production in the Permian basin, already a major force in global supply growth, will rise nearly 3 MMbpd by 2023—a level of growth exceeding most recent estimates, a new outlook by business information provider IHS Markit says. What the report describes as a “stunning” level of growth will comprise more than 60% of net global production growth during that timeframe.

MEI projects Marcellus, Utica and Permian to supply 55% of U.S. gas by 2030

McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight to the global energy industry, forecasts that the Marcellus, Utica, and Permian shale plays will supply 55% of the North American gas market by 2030.

CAMRO study shows Colorado stands to lose $26 billion if bans on energy development pass

The Colorado Alliance of Mineral and Royalty Owners (CAMRO) released a report prepared by Netherland, Sewell, & Associates showing that untapped minerals in Colorado’s Wattenberg field could have an expected ultimate recovery of nearly $180 billion over the life of the field.

America's LNG exports may double prices by 2040 as demand surges

Exports of U.S. LNG may double prices by 2040, but rising output and better trade balances will soften the blow to consumers.

Boosting the power of Big Data for completions

Piyush Pankaj, Samir Menasria, Abhishek Sharma, Priyavrat Shuklaj, Tobias Judd, Schlumberger; Steve Geetan, Richard MacDonald, EP Energy Corporation

Predictive proxy model uses data analytics, reservoir characterization to streamline completion optimization

Oil explorers hungry for "super-spec" rigs expand U.S. drilling

Oil drillers added more rigs in the U.S. this week, undaunted by pipeline bottlenecks that are hindering efforts to ship crude from the nation’s busiest field.

API welcomes BLM clarification for U.S. oil, gas development on public lands

API today welcomed the Bureau of Land Management’s (BLM) issuance of a new policy directing its field offices to expedite its review and approval processes for natural gas and oil exploration and production projects on federal lands, consistent with the intentions of Congress when it enacted the Energy Policy Act of 2005.