U.S. Onshore ///

Colorado’s leap into the shale boom sparks a ballot box threat

For Colorado shale drillers, 2018’s been a record-setter for pumping oil and natural gas. It may also end up a banner year for the industry’s political foes.

Reveal Energy enhances IMAGE Frac technology for complex pad operations

Reveal Energy is enhancing IMAGE Frac pressure-based fracture maps with a new platform that uses parallel processing with algorithms to determine fracture geometry for large, complex pad operations in multiple zones.

Woodside exits Sempra's Port Arthur LNG development on low returns outlook

Woodside is walking away from Sempra Energy’s Port Arthur LNG gas export development in Texas, three years after joining the project, citing lower expected returns than would justify its investment.

‘Bridge to Nowhere’ leaves pent-up Permian gas problems unsolved

A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian basin.

WoodMac: ICE announces futures contract based on Permian crude to Houston

Today, the Intercontinental Exchange Inc. (ICE), an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate (WTI) crude oil futures contract with physical delivery in Houston.

Colorado drillers fuel record oil output in rush to finish wells

Booming oil production in Colorado is fueling record output in the Niobrara basin that spans four states.

Longshot oil riches draw wildcatters to the Utah desert

On hot days in Utah’s Uinta basin, rocks weep oil. Rivulets of black tar hint at the untapped riches within. Taken in hand, the stone crumbles, as warm and waxy as fresh asphalt.

Crude falls on supply increase, U.S. weighs SPR release

Crude retreated below $70/bbl as Saudi Arabia is said to offer extra crude to some customers, while the U.S. will consider tapping emergency supplies to offset losses elsewhere.

PetroShale announces $55-million deal in the North Dakota Bakken

PetroShale Inc. has announced that it has entered into an agreement with an independent oil and gas company to acquire high-quality, light oil-weighted assets in the core of its focus area in the North Dakota Bakken.

Oil pares losses after biggest U.S. crude stock draw since 2016

Crude pared losses after a government report showed the biggest decline in domestic crude inventories since September 2016, yet fears of an escalating trade war with China overshadowed the drop.

Oil patch has fastest-rising rent in U.S.

Want to rent an apartment near the biggest U.S. oil patch? It’ll cost you.

OPEC sees rival supplies growing most in five years in 2019

OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the U.S. alone sufficient to meet the growth in global demand.

U.S. is set to become world's top oil producer, government says

The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play.

Worthless just two years ago, West Texas sand now brings in billions

Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand.

Permian pinch spurs pipeline binge, and fears of overbuild

The pipeline crunch threatening the world’s hottest shale play won’t be solved until at least the back half of next year. But then, the floodgates will open.

Petroteq provides update on progress at Asphalt Ridge facility in Utah

Petroteq's Asphalt Ridge Facility, a company focused on the development and implementation of proprietary technologies for the energy industry, has updated investors on the progress at its oil extraction facility in Asphalt Ridge, Utah.

Steel tariffs: A campaign promise the oil industry hoped Trump would not keep

David Blackmon, Contributing Editor

On March 1, U.S. President Donald Trump announced 25% tariffs on imported steel and aluminum. The E&P industry is telling Congress and the administration that this is a bad idea. The real question is “Why Was Anyone Surprised?”

Payback time, as LLS pricing lifts netbacks

Jim Redden, Contributing Editor

The Eagle Ford is enjoying a comeuppance, of sorts. Once left to pick up Permian basin leftovers, the unconventional elder has emerged as a veritable hedge against the bottleneck-induced price differentials of its high-flying neighbor to the immediate west.

Sumitomo Corporation invests in Texas oil production

Sumitomo Corporation's Representative Director, President and CEO, Masayuki Hyodo, is pleased to announce that subsidiary company, Summit Discovery Resources II LLC has reached an agreement with IOG Gonzales 1835 LLC, an entity managed by IOG Capital, LP, Covington Equity Investments LLC and 1836 Resources, LLC to acquire certain producing Eagle Ford properties in South Texas.

Clariant enhances capabilities at Clinton, Oklahoma facility

Clariant, a world leader in specialty chemicals, hosted a grand opening event for their new facilities based in Clinton, Oklahoma.