Shale ///

USGS estimates 8.5 Bbbl of oil in Texas’ Eagle Ford Group

The Eagle Ford Group of Texas contains estimated means of 8.5 Bbbl of oil, 66 Tcf of natural gas, and 1.9 Bbbl of natural gas liquids, according to a new assessment by the U.S. Geological Survey. This estimate consists of undiscovered, technically recoverable resources in continuous accumulations.

Echo Energy reports significant oil discovery in Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced that a significant light oil column has been interpreted in its third well, onshore Argentina.

IPAA supports onshore permitting, regulatory reform legislation

Independent Petroleum Association of America (IPAA) President and CEO Barry Russell in a letter praised the House Committee on Natural Resources for advancing smart, thoughtful solutions that would remove bureaucratic regulatory burdens to safe and responsible oil and natural gas development on public lands.

Native sand leader Shale Support purchases two natural mines in Louisiana

Shale Support, a leading provider of frac-sand and logistical solutions to the oil and gas proppant market, announced it has closed on a deal purchasing two natural mines in Kinder and Central Louisiana.

Saltwater disposal: What can a change of direction do for you?

For operators in the Permian basin, executing successful drilling programs hinges on an ability to manage the flowback and produced water associated with new wells coming online.

Icahn expected to speed push for SandRidge sale after board win

Carl Icahn’s takeover of SandRidge Energy Inc.’s board means the shale gas explorer’s days are likely numbered.

Icahn is said likely to have won control of SandRidge board

Activist investor Carl Icahn is expected to have won control of embattled oil and gas driller SandRidge Energy Inc.’s board based on preliminary results, according to people familiar with the matter.

Reveal Energy Services signs first operator volume agreement

Reveal Energy Services has announced the signing of its first operator volume agreement. Arsenal Resources, a pure-play natural gas operator in the Marcellus’ West Virginia core, has agreed to validate the completion designs of its 2018 wells with Reveal Energy Services’ simple, accurate, affordable pressure-based fracture maps.

In Icahn-SandRidge tiff, bitter words hide overlapping targets

The oil industry’s ugliest battle is heading for a climax in Oklahoma City on Tuesday. But SandRidge Energy Inc. is probably bound for the auction block anyway.

Shell seen reclaiming dominance in Texas shale country

Shale oil hasn’t always been Royal Dutch Shell Plc’s best friend, but they’re working on the relationship.

President Energy reports 50% output increase at Puesto Flores field

President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, provides an update in relation to its workover program at Puesto Flores field in Rio Negro Province, Argentina.

Rick Perry wants to help Argentina be more like Texas

The U.S. government is getting in on a shale boom 5,000 mi (8,000 km) from home.

Rice University engineers advance NMR models for oil and gas

New work by Rice University chemical engineers may make it easier to characterize unconventional oil or gas shale formations.

BHGE’s Unify makes the case for digital technology in O&G, saying "we can do better"

“Technology is no longer the bottleneck, it’s the enabler,” said Matthias Heilmann, president and CEO of digital solutions at BHGE, at the company’s second Unify conference, held this week in Houston.

Magnolia Petroleum sees potential sale of North Dakota assets to avoid bankruptcy

Magnolia Petroleum plc, the U.S. focused oil and gas E&P company, has announced that it has signed a non-binding agreement with a third party for the sale of all its wells in which it has varying interests in North Dakota, being approximately 31 wells, for a total consideration of $1.5 million.

BHGE’s Unify makes the case for digital technology in O&G, saying "we can do better"

“Technology is no longer the bottleneck, it’s the enabler,” said Matthias Heilmann, president and CEO of digital solutions at BHGE, at the company’s second Unify conference, held this week in Houston.

Oil play ditched years ago draws EOG, Conoco as Permian fallback

The next frontier for U.S. oil’s resurgence may come on familiar terrain.

IHS Markit: "Stunning" Permian oil production to more than double from 2017-2023

Oil production in the Permian basin, already a major force in global supply growth, will rise nearly 3 MMbpd by 2023—a level of growth exceeding most recent estimates, a new outlook by business information provider IHS Markit says. What the report describes as a “stunning” level of growth will comprise more than 60% of net global production growth during that timeframe.

MEI projects Marcellus, Utica and Permian to supply 55% of U.S. gas by 2030

McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight to the global energy industry, forecasts that the Marcellus, Utica, and Permian shale plays will supply 55% of the North American gas market by 2030.

Executive viewpoint

Daniel Sawyer, Computer Task Group

Opportunities to reduce costs and improve safety with digitization are created every day.