Shale ///

Emerson expands reservoir simulation software to maximize field recovery

Emerson Automation Solutions has launched the latest version of its reservoir management software suite - Roxar Tempest 8.1, designed to provide robust and efficient numerical solutions to support reservoir engineers in maximizing field recovery.

World's biggest oil traders see wildly diverging crude price

The world’s biggest oil traders say crude could rise above $60/bbl in a year as demand grows and OPEC keeps cutting. Or it might fall to $45 as another wave of U.S. shale hits the market.

ExxonMobil acquires crude oil terminal to serve growing Permian production

ExxonMobil Corporation announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware basin, part of Permian basin, one of the most prolific plays in the U.S.

Apache Corp. provides update on Alpine High

Apache Corp. has announced steady progress at Alpine High since revealing the discovery last year.

Pioneer announces 11% production increase from Spraberry/Wolfcamp

Pioneer Natural Resources Company has announced that production for the third quarter of 2017 was 276,000 boed, an increase of 17,000 boed, or 6% from the second quarter of 2017.

Encana calls end to Permian land race as focus turns to output

Encana Corp. CEO Doug Suttles says drillers in Texas’s prolific Permian basin can no longer impress investors with how much acreage they’re snapping up or how quickly they’re boosting production.

EIA: U.S. crude production to increase through year-end, setting up record 2018

EIA forecasts that U.S crude oil production will average 9.4 MMbpd in the second half of 2017, 340,000 bpd more than in the first half of 2017. Production in 2018 is expected to average 9.9 MMbpd, surpassing the previous high of 9.6 MMbpd set in 1970, based on projections in EIA’s Short-Term Energy Outlook (STEO).

Highlands Natural Resources reports completion of hydraulic fracturing at East Denver

Highlands Natural Resources, the London-listed natural resources company, is pleased to announce that it has successfully completed hydraulic fracturing operations, and is now preparing both the Wildhorse and Powell wells for flowback and production of oil and gas at its East Denver Niobrara Project in Colorado.

Ineos appoints new shale boss to build a UK natural gas boom

Ineos AG, Britain’s largest closely held company, has taken another step toward creating a shale boom on its side of the Atlantic.

Why attend LAGCOE 2017?

LAGCOE 2017 is right around the corner. Here is an inside look into all of the exciting reasons to attend LAGCOE 2017. Industry Personnel: register for free to attend LAGCOE 2017 to connect with colleagues from around the globe, explore the latest industry equipment, products and services, and discover cutting-edge industry innovations and technical knowledge. Registration is limited to energy industry personnel.

AADE Lafayette Chapter elects 2017-2018 board, committee members

The Lafayette Chapter of the American Association of Drilling Engineers (AADE) has elected its 2017-2018 board and committee members.

Patterson-UTI Energy completes acquisition of MS Energy Services

Patterson-UTI Energy, Inc. announced today that it has closed the previously announced acquisition of Multi-Shot, LLC, doing business as MS Energy Services.

Back-up cutters prevail in hard and abrasive rock

Seth Anderle, Brad Dunbar, Shilin Chen, Halliburton

A new backup cutter layout extends bit life without sacrificing rate of penetration.

Combining several proven drilling technologies makes a compelling value proposition for CTD

Clare Miszewska-Hall, AnTech Ltd.

Well interventions in declining fields are viewed as challenging, yet increasingly necessary. Despite the difficulties, advanced drilling technologies and techniques can deliver increased yields and reduced costs over traditional intervention methods in legacy assets.

Canadian oil's high-priced run set to end as supply surges

Canadian oil-sands producers enjoying the strongest market for heavy crude since 2008 will soon face a renewed glut.

BNP Paribas to halt shale oil financing

BNP Paribas SA promised to stop financing shale and oil sands projects as part of its latest efforts to tackle climate change.

Weatherford introduces new integrated wellbore pressure management system

Weatherford International plc today has the commercial release of the PressurePro control system, a fully-integrated rotating control device (RCD) and choke system for wellbore pressure management on land.

Kalnin Ventures becomes leading player in the Marcellus with $210-million acquisition

Kalnin Ventures LLC has announced that an affiliate of its BKV Oil and Gas Capital Partners, LP fund, has entered into purchase and sale agreements with respect to the Fund’s fifth acquisition of assets in just over two years in the northeast portion of the Marcellus shale.

API: American made energy growing, as estimated completed wells up 63% this year

API has announced that estimated wells completed in the third quarter of 2017 increased 63% compared to the third quarter of 2016. This includes a dramatic 84% increase for all oil wells completed from year-ago levels.

Halliburton introduces water-based drilling fluid for unconventional, mature plays

Halliburton has announced the release of the BaraShale Lite Fluid System, a high performance water-based fluid designed to maintain full salt saturation with reduced density, help prevent lost circulation and minimize waste disposal costs.