Shale ///

Highlands Natural Resources provides update for East Denver Niobrara project

Highlands, the London-listed natural resources company, has announced that it has successfully drilled and set surface casing in both the Wildhorse 5-64 15-16-1BHZ and Powell 5-64-15-16-1CHZ wells.

Blackstone bets on shale boom lasting with Harvest deal

Blackstone Group LP’s reach for $10 billion in energy assets is the firm’s latest bet that the U.S. shale boom is just hitting its stride.

Rockcliff Energy acquires additional Haynesville shale rights

Rockcliff Energy has announced that, in addition to its pending acquisition of Samson's East Texas and North Louisiana properties, it has acquired approximately 60,000 net acres of Haynesville shale rights.

Shale will beat OPEC as U.S. oil thrives at $40, Citigroup says

U.S. shale oil will prevail over OPEC as the two rivals compete in an oversupplied world market, Citigroup Inc.’s head of research said.

API: Trump's executive order an important step in streamlining energy infrastructure

API President and CEO Jack Gerard called President Trump's executive order to streamline energy infrastructure an important step in speeding up projects, creating jobs, and improving government efficiencies in delivering energy Americans demand.

Whiting Petroleum to sell assets in North Dakota's Bakken for $500 million

Whiting Petroleum Corporation has agreed to sell its Fort Berthold Indian Reservation area assets, located in Dunn and McLean Counties, N.D., to RimRock Oil & Gas Williston, LLC. The cash purchase price is $500 million, subject to customary adjustments.

Oil trades at three-week low amid rising shale output

Oil traded at a three-week low after a forecast on U.S. shale growth added to mounting worries that the rebalancing process is stalling.

BNK Petroleum reports completion of fracture stimulation in Oklahoma's SCOOP

BNK Petroleum Inc. has announced the completion of the fracture stimulation of the Hartgraves 1-6H well (100% working interest), which is located in BNK’s Tishiminogo field, in the SCOOP region of Oklahoma.

Nabors agrees to acquire Tesco Corp. in all-stock transaction

Nabors Industries Ltd. has announced that the company has signed an arrangement agreement to acquire all of the issued and outstanding common shares of Tesco Corporation.

Carrizo Oil & Gas announces closing of Delaware basin acquisition

Carrizo Oil & Gas, Inc., has announced that it completed the closing of the transactions contemplated by the purchase and sale agreement with ExL Petroleum Management, LLC, and ExL Petroleum Operating Inc.

Highlands Natural Resources begins drilling at its East Denver Niobrara Project

Highlands, the London-listed natural resources company, is pleased to announce that it has successfully mobilized and assembled a horizontal drilling rig at its East Denver Niobrara Project, a shale oil and gas project in Colorado, and commenced drilling its first well on Aug. 10, 2017.

GeoPark, Wintershall strike oil in Neuquen basin, Argentina

GeoPark Limited and Wintershall Energía S.A., a subsidiary of the BASF group, the fourth-largest gas producer in Argentina with over 15 blocks, have announced the discovery of a new oil field in the CN-V block (GeoPark 50% WI, Wintershall 50% WI) in the Neuquen basin, Mendoza Province of Argentina.

Andeavor to develop Conan crude oil gathering pipeline system in Delaware basin

Andeavor is pleased to announce that it received sufficient commitments from third party shippers to warrant construction of the Conan crude oil gathering pipeline system in the Delaware basin.

Patterson-UTI reports stable summer rig count, credits demand for high-spec rigs

Patterson-UTI Energy has reported that for the month of July 2017, the company had an average of 162 drilling rigs operating, including 159 in the U.S. and three rigs in Canada.

Continental jumps nearly 10% as gushers boost output

Continental Resources Inc. surged the most in eight months after record-setting drilling results in Oklahoma prompted the shale explorer to lift its full-year production estimate.

Baker Hughes releases field-proven coiled tubing simulation software

Baker Hughes, a GE company, announced today the introduction of its CIRCA coiled tubing simulation software, which enables coiled tubing service providers to maximize equipment performance and improve operational efficiency in well interventions.

Euronav says shale boom ends OPEC's power to crush tanker demand

For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for their vessels to plunge as cargoes dwindled. That’s not how it’s played out this time, according to one of Europe’s biggest supertanker operators.

Shaletech: Eagle Ford Shale

Jim Redden, Contributing Editor

Making hay in a temperamental market

U.S. operators are teed up for a drilling resurgence

Alex Endress, Craig Fleming, Kurt Abraham, World Oil

Drilling activity is noticeably higher, as American drillers climb out from historically low levels.

EIA: U.S. expected to become a net exporter of natural gas this year

EIA’s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The United States has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018.