Shale ///

U.S. drillers pull 28 oil rigs as rout deepens

HOUSTON – U.S. drillers pulled 28 oil-directed rigs from the field this week, according to the latest data from Baker Hughes.

Shale Support appoints new vice president of logistics

Shale Support, LLC, a provider of frac-sand and logistical solutions to the oil and gas proppant market, has appointed Shane Summers as vice president of logistics.

LMKR, FracGeo partner to deliver fracture geomechanics software solutions

LMKR has announced a long-term strategic partnership with FracGeo LLC aimed at integrating FracGeo's software solutions and products with LMKR's GVERSE and GeoGraphix Product suites.

It’ll take more than an oil rally to restart shale boom

Explorers in U.S. oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again.

EIA raises shale production estimates in monthly report

Shale patches in the U.S. are pumping out more oil and gas than the government previously thought.

U.S. Silica introduces polyurethane low-temperature resin-coated proppant

U.S. Silica Holdings has announced the introduction of InnoProp PLT, a newly formulated resin-coated proppant designed specifically for enhancing the recovery of oil and gas in low-temperature reservoirs.

Chesapeake says it has no plans to pursue bankruptcy

Chesapeake Energy Corp. said it has no plans to seek bankruptcy protection, dismissing a report that wiped out half the U.S. natural gas driller’s value.

Shale industry's health expected to worsen

The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracing will only slow more as 2016 drags on.

CARBO’s KRYPTOSPHERE LD technology proves worth in Utica gas well

CARBO Ceramics has announced the successful use of KRYPTOSPHERE LD, its ultra-conductive, low-density ceramic proppant technology, in the Utica for CONSOL Energy. This is the first well to utilize KRYPTOSPHERE LD.

Texas shale drillers lure $2 billion in new equity to Permian

Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35/bbl.

First continuous-duty frac pump enters Canadian market

Weir Oil & Gas has partnered with Calgary, Alberta-based Canyon Services Group to take its SPM QEM 3000 frac pump to the field. Weir’s SPM QEM 3000 is the industry’s first high-horsepower frac pump designed for continuous-duty pressure pumping operations at a sustained 275,000-lb rod load, 24 hours per day, seven days per week.

U.S. oil drillers cut rigs for sixth straight week: Baker Hughes

U.S. energy firms cut oil rigs for the sixth straight week, data showed on Friday, and were expected to shed more with major U.S. shale oil companies slashing spending plans after crude prices hit 12-year lows.

Gazprom Neft eyes Russia's unconventionals with new study of Bazhenov formation

Gazprom Neft has started investigating reserves in the Bazhenov formation at Vyngayakhinskoye field in Russia's Yamalo-Nenets Autonomous Okrug.

U.S. shale firms, struggling to profit with $30 oil, slash spending more

Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30/bbl oil prices, with one of them saying prices would need to rise more than 20% just to turn a profit.

Shale gas drillers emerge as refuge for investors in energy rout

U.S. natural gas drillers are emerging as an unlikely bright spot in this week’s collapse of energy stocks.

C&J Energy Services opens new Texas facility to support regional pumping, acid services

GIDDINGS, Texas -- A ribbon-cutting ceremony was recently held to mark the grand opening of the new C&J Energy Services Casedhole Solutions facility in Giddings, Texas. The ceremony was attended by business leaders, state and local officials, C&J executives and community members.

MicroSeismic announces world’s longest-installed active BuriedArray

MicroSeismic has achieved the longest-installed active, permanent, near-surface array in the world. This BuriedArray was installed to monitor completions in the Haynesville formation in Louisiana and includes 99 stations covering 15 square miles.

Halliburton opens Elmendorf South Texas Sand Plant

Halliburton has officially opened its Elmendorf South Texas Sand Plant with a ribbon-cutting ceremony in early December. It is the largest Halliburton sand facility in the world and represents a $35.7-million investment.

McClendon, YPF in $500-million Vaca Muerta venture

Aubrey McClendon, CEO of American Energy Partners, LP (AELP), and Miguel Galuccio, president and CEO of YPF, have signed initial agreements for the exploration and development of the Vaca Muerta formation in Argentina’s Neuquén basin.

Trican Well Service looks to sell U.S. pressure pumping business

Trican Well Service is in negotiations with Keane Group, a privately held, U.S.-based well completion services company, for the sale of Trican's U.S. pressure pumping business.