North America ///

Oil edges higher, growing U.S. supply limits gains

Oil prices crept higher on Monday in quiet trade that featured bargain hunting after prices slid last week and hit seven-month lows, but gains were limited by rising crude supply in the United States and other countries.

Cheniere's LNG market share expands as Korea contract begins

Add South Korea to the growing list of regulars buying America’s shale gas.

Trump to call for U.S. `dominance' in global energy production

Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance.

Shale Support honors students with $2,500 STEM scholarships

Shale Support, LLC, a provider of frac-sands and logistical solutions to the oil and gas proppant market, is proud to announce the winners of the 2017 Shale Support STEM Scholarship.

Jones Energy exits Arkoma basin with non-core asset sales

Jones Energy, Inc., has announced that it has entered into definitive agreements to sell several non-core assets, including an agreement to sell its Arkoma basin properties, for a combined total of up to $70 million, subject to closing adjustments.

Shale tycoon who turned Enron reject into gold builds again

After helping give birth to the U.S. shale boom a decade ago, Mark Papa is starting over at age 70 with a new $3.6-billion oil explorer he built from scrap amid the worst market crash in a generation.

Shale Support recognized for zero recordable incidents in 2016

Shale Support, LLC, a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, announces recent recognition for safety achievements across two facilities. The company maintained a recordable incident rate of zero for the year 2016.

Lonestar Resources announces 30-day production rate of 2,123 boed at Eagle Ford well

Lonestar Resources has announced that the Wildcat B1H well has established a 30-day production rate of 2,123 boed, consisting of 890 bopd (42%), 764 bbl of natural gas liquids (36%) and 2,815 Mcfgd (22%).

Cook Inlet Federal Lease Sale yields more than $3 million in high bids

Cook Inlet Lease Sale 244 -- the first lease sale held in Alaska’s federal waters since 2008 -- garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off south-central Alaska. All bids were submitted by Hilcorp Alaska LLC.

Obama's energy chief returns, citing leadership void under Trump

While President Donald Trump’s Energy Department is studying how to save coal plants, veterans from the administration of President Barack Obama’s Energy Department announced a new effort to figure out how to curtail carbon in the U.S. energy system.

Empyrean reports increased interest in Sacramento basin, California

Empyrean has announced that it has entered into a new agreement with Sacgasco Limited, to increase Empyrean’s interest in the package of gas projects in the Sacramento basin, onshore California (the Farm-In), previously announced on May 15, 2017 and amended on June 16, 2017.

Gulf of Mexico Storm Cindy threatens shipping, crude imports

Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for life-threatening floods.

H2O Midstream acquires Permian basin produced water assets from Encana

H2O Midstream announced today the acquisition of produced water infrastructure from Encana Oil & Gas (USA) Inc. concurrent with the execution of an acreage dedication based midstream water services agreement. Under the agreement, H2O Midstream will gather, dispose and deliver for re-use produced water for a substantial portion of Encana’s acreage position in Howard County, Texas.

Shale patch M&A frenzy cools as oil price seen stuck below $45

Deals in the shale patch aren’t so hot anymore with oil in the doldrums.

EQT dubbed largest U.S. gas driller after $6.7-billion Rice buy

EQT Corp. will become the largest U.S. natural gas producer after agreeing to buy Rice Energy Inc.’s holdings in the hydrocarbon-rich Marcellus shale formation for about $6.7 billion in cash and stock.

Shale's record fraclog could force oil prices lower

There’s yet another concern growing as oil prices continue to erode: A record U.S. fraclog.

BP celebrates 40 years of production at Prudhoe Bay

The BP-operated Prudhoe Bay oil field in Alaska has reached 40 years of production, a milestone highlighting its historic contribution to U.S. energy security and ongoing role as a key economic engine for the region and nation.

Gov. Abbott signs resolution supporting delegation of federal energy regulations to state

Texas Governor Greg Abbott signed a resolution urging the federal government to work with Texas in unraveling overreaching regulations, which were largely aimed at negatively impacting the oil and gas industry.

LAGCOE announces LAGCOE Looey 2017: Don Briggs

LAGCOE is proud to announce LAGCOE Looey 2017, Mr. Don Briggs, Founding Member and President of the Louisiana Oil and Gas Association. LAGCOE Looey is an honorary position given to someone who has accomplished something great in the oil and gas industry.

Hess announces sale of enhanced oil recovery assets in Permian basin

Hess Corporation has announced that it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian basin to Occidental Petroleum Corporation for a total consideration of $600 million, effective June 1, 2017.