North America ///

Shell divests shale acreage in Western Canada for $1 billion

Royal Dutch Shell, through its affiliate Shell Canada Energy, has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately $1,037 million.

Chesapeake declares ‘propageddon’ with record frac job

The era of the monster frac has arrived in North America, and Chesapeake Energy Corp. is singing its praises.

U.S. gas production gives back August gains, IHS Markit says

U.S. natural gas production levels in the lower 48 states declined by nearly 1.2% in September as compared to August levels, according to analysis from IHS Markit.

Halliburton, U.S. Silica break record for moving largest sand unit train in North America

Halliburton and U.S. Silica Holdings moved a record breaking unit train carrying nearly 19,000 tons of U.S. Silica White frac sand from Ottawa, Ill., to Elmendorf, Texas.

OPEC price war offers meager rewards as U.S. shale survives

When the Organization of Petroleum Exporting Countries started its price war, the U.S. shale boom looked doomed.

Halliburton ready to sacrifice market share to boost profit

After boosting North American sales for the first time during the downturn, Halliburton is determined to raise prices for its services to lock in profits in the world’s largest fracing market.

Oasis’ Bakken deal shows play still has life as costs drop

Oasis Petroleum’s double-down on North Dakota’s Bakken shale shows the rapid drop in U.S. drilling costs can make a case for even the ugly ducklings of American shale plays.

Casillas Petroleum acquires SCOOP acreage from Continental

Casillas Petroleum Resource Partners, a partnership between Casillas Petroleum Corp. and Kayne Anderson Energy Funds, has closed on the purchase of certain oil and gas assets owned by Continental Resources in the SCOOP play in Oklahoma for an adjusted purchase price of $294 million.

Permian is ‘last man standing’ in worldwide collapse

The biggest U.S. oil field just keeps getting bigger as explorers discover so many rich new pockets of crude that investors are more than willing to look past the slump in oil prices to bankroll ambitious drilling and acquisition programs.

Comstock Resources sells south Texas gas assets

Comstock Resources has entered into a definitive purchase and sale agreement with a third party to sell Comstock's conventional natural gas properties in south Texas for a sale price of $28.0 million.

SM Energy expands in Midland basin with new acquisition

SM Energy has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland basin footprint to approximately 82,450 net acres.

Permian to pump oil at record rate as other plays dwindle

Oil production in the Permian basin keeps growing as other U.S. shale plays falter.

Sentinel Peak Resources acquires Freeport-McMoRan's California assets for $742 million

Sentinel Peak Resources (SPR) has entered into an agreement with the oil and gas subsidiary of Freeport-McMoRan to purchase their onshore California assets for $592 million plus an additional consideration of up to $150 million payable in certain circumstances based on a sustained Brent oil price environment over $70/bbl.

Mexico sweetens Pemex Trion JV terms for second time

Mexico has eased the terms of a joint venture with state oil company Petroleos Mexicanos in the deepwater Trion field to attract more bids.

Newfield CEO sees cautious approach on ‘huge’ Oklahoma oil find

Don’t expect a major ramp-up of oil production in Oklahoma’s hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.’s CEO.

Williams’ $3-billion shale gas pipeline faces another setback

Williams Partners LP is facing yet another setback for a $3-billion pipeline project that would carry natural gas out of shale formations in the eastern U.S.

ProSep inks distribution agreement with Puffer-Sweiven

ProSep has signed a distribution agreement with Puffer-Sweiven, a supplier of products and services for process control and flow control.

API highlights importance of Gulf seismic surveys and BOEM environmental report

Offshore Senior Policy Advisor Andy Radford today highlighted the importance of seismic surveys in the Gulf of Mexico and the potential significance of the Bureau of Ocean Energy Management’s (BOEM) recently released Draft Programmatic Environmental Impact Statement (PEIS).

U.S. oil output slide seen slowing as shale drillers return

Increased drilling by shale producers buoyed by higher prices will slow the decline in U.S. crude production, a government forecast showed.

RSP to pay $2.4 billion for Permian oil driller Silver Hill

RSP Permian Inc. agreed to pay $2.4 billion in cash and stock for Silver Hill Energy Partners amid increasing competition for drilling rights in the biggest U.S. oil field.