North America ///

Sanchez Energy said to seek buyers for part of Eagle Ford acreage

Sanchez Energy Corp. is seeking buyers for some of its acreage in the Eagle Ford shale in south Texas, according to people familiar with the matter, as the explorer looks to raise cash for developing its best prospects.

West Orphan basin, offshore NL, holds 25.5 Bbbl of oil and 20.6 Tcfg, study finds

The government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab announced Wednesday that the in place oil and gas resource potential is 25.5 Bbbl of oil and 20.6 Tcfg in the West Orphan basin located within the area of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) 2016 Eastern Newfoundland Call for Bids.

Blackeagle Energy Services acquires Brazos Rock's Permian basin assets

Blackeagle Energy Services, a provider of energy-related construction and maintenance services, has acquired certain Permian basin assets from Brazos Rock, Inc., a provider of oilfield construction services in Texas.

Shale land grab tops mergers as buyers await better oil outlook

The buyer’s market that the battered U.S. shale patch has become is so far luring more land purchases than takeovers as investors await a more solid crude price rebound before making bigger moves.

PDC Energy enters Delaware basin with $1.5-billion acquisition

PDC Energy has entered into definitive agreements to acquire two privately held companies managed by Kimmeridge Energy Management Company for approximately $1.5 billion.

U.S. Silica completes acquisition of Sandbox Enterprises

U.S. Silica Holdings has completed the acquisition of Sandbox Enterprises LLC, a provider of logistics solutions and technology for the transportation of proppant.

Transocean Winner refloated and under tow after running aground

The Transocean Winner drilling rig that ran aground in bad weather on the Isle of Lewis nearly two weeks ago has been successfully refloated and stabilized, and is now under tow to safer waters.

Stone Energy in talks to sell Appalachian assets to cut debt

Stone Energy Corp., an oil and natural gas producer that’s been in debt restructuring talks with note holders, said it’s negotiating to sell its Appalachian assets in a deal that could fetch $350 million.

ROVOP to create new jobs as a result of GoM business growth

Independent ROV service provider ROVOP is set to increase its Houston workforce as a result of further business growth including recent contract wins in the Gulf of Mexico region.

Pemex cancels contract for Seadrill’s West Pegasus semisubmersible

Seadrill has received a notice of termination from Pemex Exploracion y Servicios for the West Pegasus drilling contract effective Aug. 16. Seadrill has disputed the grounds for termination and is reviewing its legal options, the company said in a statement announcing the cancellation.

2016 on pace for worst E&P year since Great Depression, but improvement seen

According to the latest mid-year forecast assembled by World Oil magazine, only 14,430 wells will be drilled in the U.S. this year, on par with the years 1930-1934, when not a single year topped 20,000 wells drilled. In fact, this will be lowest total since 11,700 wells were drilled in 1933.

Permian adds yet more rigs as oil finds bull market

Shale drillers are adding the most oil rigs since crude was worth $100/bbl as confidence that OPEC may finally agree to freeze output pushed futures into a bull market.

New report confirms pipelines are one of the safest ways to transport energy

API has released a new report, with the Association of Oil Pipe Lines (AOPL), confirming that pipelines continue to be one of the safest ways to efficiently transport energy across the U.S. The report highlights liquid pipeline safety performance and industry-wide efforts to improve pipeline safety in 2016 and beyond.

Continental Resources to sell non-strategic assets in North Dakota, Montana

Continental Resources has signed a definitive purchase and sale agreement with an undisclosed buyer to sell non-strategic properties in North Dakota and Montana for $222 million.

U.S. Silica completes acquisition of NBR Sand

U.S. Silica Holdings has completed the acquisition of the NBR Sand unit of New Birmingham, Inc., a regional sand mining company based in Tyler, Texas.

U.S. oil spreads across the world after export ban lifted

U.S. crude oil is reaching all corners of the world, after a 40-year ban on exports was lifted at the end of last year.

Saudi Arabia keeps BHP's shale oil in the ground...for now: Column

Amid the back-and-forth about just what Saudi Arabia is doing in the oil market comes a message from BHP Billiton: Whatever it is, it's working.

Gas glut upends global trade flows as buyers find leverage

The market for LNG is about to attract more players and more trading as new supply from the U.S. and Australia strengthens buyers’ bargaining power.

Liberty Oilfield Services’ new frac fleet cuts noise emissions

Liberty Oilfield Services, a privately held pressure pumping services company, has announced the release of its new Quiet Fleet.

Parsley Energy in $400-million Midland basin acquisition

Parsley Energy has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties in Glasscock County, Texas, as well as associated mineral and overriding royalty interests, for an aggregate purchase price of $400 million in cash, subject to customary closing conditions.