North America ///

Nodding donkeys fail as long shale wells make pumping oil harder

Imagine trying to slurp a thick chocolate shake through a J-shaped straw four miles long. That’s the kind of cheek-puckering test the American shale industry must overcome to prolong a record boom in oil output.

Valorem Energy closes on $285-million acquisition of Williston basin assets

Valorem Energy, LLC, announced that it has closed on its acquisition of LINN Energy, Inc.’s Williston basin interests for a purchase price of $285 million.

Arctic refuge drilling to get speedy permit review, U.S. says

The Trump administration has a plan in place to speed up permit reviews for drilling in Alaska’s Arctic National Wildlife Refuge if Congress approves exploration there, an advisor to the U.S. Interior Department said Thursday.

Next U.S. crude export surge may start at a lonely Gulf buoy

A 1,000-ft ship will likely pull up to a buoy floating in the Gulf of Mexico next year, hook up its hoses and usher the U.S. into a new era as a major oil exporter.

Dogged $4-billion investor roused by shale's zeal for thrift

Shawn Reynolds is sticking to shale, with the $4-billion fund manager unshaken in his resolve that the U.S. industry’s stocks are due for a rebound after a lackluster 2017.

IPAA, Western Energy Alliance welcome suspension of Obama-era venting and flaring rule

The Independent Petroleum Association of America (IPAA) and Western Energy Alliance today welcomes the Bureau of Land Management’s (BLM) suspension of an Obama administration final rule regulating venting and flaring from oil and natural gas operations on federal and tribal lands.

Chisholm Energy expands acreage position in New Mexico's Delaware basin

Chisholm Energy Holdings, LLC, today announced that it has signed a definitive agreement to acquire undeveloped acreage from Resource Rock Exploration, LLC. The acreage, which contains multiple horizontal reservoir targets in the Bone Spring and Wolfcamp Formations, is located in Eddy County in New Mexico's Delaware basin.

Magic number for new shale surge: $60/bbl, JPMorgan says

For America’s shale drillers, the tipping point to boost production looks to be $60/bbl.

EIA: Appalachia drives growth in U.S. natural gas production since 2012

Shale gas production in the Appalachia region has increased rapidly since 2012, driving an overall increase in U.S. natural gas production.

Oil drops as industry data show U.S. gasoline stockpiles grew

Oil declined after industry data showed U.S. gasoline stockpiles expanded for the first time in four weeks.

Airborne Support, Fototerra announce JV to provide airborne oil spill response in the GOM

Airborne Support Inc. (ASI) and Fototerra Aerial Survey LLC (Fototerra) today announced a joint venture to provide integrated airborne oil spill response services in the Gulf of Mexico for the responder's community and the oil and gas operators.

Shale drillers "itchy" to plow OPEC's gift into more U.S. wells

OPEC and Russia just gave their most implacable foe, U.S. shale, an early holiday gift.

EIA: Bakken gas production increasing at a faster rate than oil production

In North Dakota’s Bakken region, the ratio of natural gas production relative to crude oil, known as the gas-oil ratio, has been gradually increasing since 2008 and has increased at a faster rate since 2014.

C&J Energy Services completes acquisition of O-Tex Holdings

C&J Energy Services, Inc., has announced that it has completed its acquisition of all of the outstanding equity interests of O-Tex Holdings, Inc., and its operating subsidiaries, including O-Tex Pumping, LLC.

MIT study suggests U.S. vastly overstates oil output forecasts

Turns out, America’s decade-long shale boom might just end up being a little too good to be true.

U.S. oil owes Mexico crude for success as tankers ferry both

U.S. crude may owe supply from Mexico for helping it capture a share of the world’s biggest oil market this year.

Oil drilling in Alaska refuge hits snag over budget protocol

A bid to open the Arctic National Wildlife Refuge to oil drilling faces a hold up over an arcane budget rule, a development that may mean it can’t be included in the tax overhaul legislation.

Another bullish shale forecast adds to confusion as OPEC gathers

Add another bullish forecast for U.S. oil to the pile of confusion confronting OPEC.

LMKR releases updated E&P interpretation software with 3D geomodeling

LMKR today announced release of the newest update to its E&P interpretation software; GeoGraphix 2017.1 and GVERSE Geomodeling; a new integrated 3D geomodeling platform.

World's largest oil consumer needs a lot less oil, thanks to its own output

The U.S. has a message for oil producers poised to make a key decision on crude output on Thursday: The world’s biggest oil consumer doesn’t really need you that much anymore.