Shale ///

Exploration program to commence on Montana prospect

Black Stallion Oil & Gas, Inc. confirms that it will start to execute a detailed exploration program on the 12,233-acre Woodrow Prospect in Teton county, northwest Montana, within the Alberta Basin Bakken fairway.

Gas awakening from U.S. shale slumber as LNG shipments near

After years of languishing in a shale-induced coma, the U.S. natural gas market is waking up.

Hess has Q2 loss as Bakken helps lift oil output

Hess Corp., which sold off fueling stations and refineries to focus on production, reported its second consecutive quarterly loss as higher oil output failed to compensate for lower prices.

Lonestar announces Joint Development Agreement with IOG Capital

Lonestar Resources, Ltd. has announced the closing of a $100 million Joint Development Agreement (JDA) with IOG Capital.

Billionaire Ambani said to weigh sale of U.S. shale gas holdings

Indian billionaire Mukesh Ambani’s Reliance Industries is weighing a sale of its U.S. shale gas investments, people with knowledge of the matter said.

Goodrich Petroleum sells Eagle Ford assets for $118 million

Goodrich Petroleum Corp. has entered into a definitive agreement to sell its proved reserves and associated leasehold in the Eagle Ford shale in LaSalle and Frio Counties, Texas, for $118 million.

Saudi Arabia’s Sabic considering shale gas investments in U.S.

Saudi Basic Industries Corp., the world’s second-biggest chemicals manufacturer, plans to expand investment in U.S. shale gas projects through joint ventures, according to acting Chief Executive Officer Yousef al Benyan.

URTeC '15: Self-suspending proppant reduces formation damage, Fairmount Santrol says

Self-suspending proppant increases oil and gas production by not harming the formation, according to a technical paper presented by Fairmount Santrol at URTeC.

Cuadrilla to appeal planning refusals for UK shale sites

Cuadrilla plans to appeal Lancashire County Council’s (LCC) Development Control Committee’s decisions last month to refuse planning consent for two applications for temporary shale gas exploration sites.

Oil turning back to bear erases $100 billion from shale drillers

Crude oil slipped back into a bear market Thursday, disappointing U.S. shale drillers that pinned their hopes on higher prices.

ConocoPhillips halts Sichuan shale gas talks with PetroChina

ConocoPhillips ended talks with PetroChina Co. on a shale gas development in the country after a two-year study.

URTeC '15: Unconventional operators finding new ways to tackle low prices

Perhaps the proper term to describe the manner in which operators, in shale and other unconventional plays, are handling low oil prices is “adaptation.”

GE-Statoil announce winners for alternatives to sand in shale development

GE and Statoil’s Sustainability Collaboration have announced five winners of its inaugural Open Innovation Challenge that focused on addressing the use of sand in unconventional operations.

Noble Energy closes acquisition of Rosetta Resources

The stockholders of Rosetta Resources have overwhelmingly approved the merger of Rosetta into a subsidiary of Noble Energy.

URTeC ’15: Weatherford launches Revolution rotary-steerable system

Weatherford International announced the commercial release of its Revolution rotary-steerable system (RSS) at the Unconventional Resources Technology Conference (URTeC) on Tuesday.

Wall Street lenders growing impatient with U.S. shale revolution

Halcon Resources Corp. almost ran into trouble with its banks in June 2013. And again in March 2014. And in February 2015.

Oil explorers retreat from shallow U.S. Gulf in shift to shale

Energy producers are abandoning the search for oil and natural gas close to shore in the U.S. Gulf of Mexico as drilling budgets shrink and exploration migrates to land-based shale fields.

Oil guru who called 2014 slump sees return to $100 crude by 2020

The oil guru who predicted last year’s rout said $100/bbl crude is likely to return within five years as faltering supply fails to meet demand.

Halliburton profit falls as crude crash slows oilfield work

Halliburton Co.’s profit tumbled in the last quarter after a yearlong crude-market crash forced customers to slam the brakes on oilfield work.

U.S. oil rolls with OPEC’s blows as Brazil and Canada take hits

Eight months into OPEC’s plan to hit rival oil producers, the casualties are mounting. Surprisingly, the most resilient may be the one that triggered the fight: the U.S.