Shale ///

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.

Shale patch about to lose oil output equivalent to OPEC member

Oil bulls suffering with the lowest prices since 2003 got a glimmer of hope as the government said the U.S. shale patch will lose as much output as an OPEC member. Unfortunately, it’s one of the small ones.

Shale explorers pump oil on the cheap from slumbering U.S. wells

U.S. shale explorers will be able to bring new supply to market this year even with most of the rig fleet idled and drilling budgets cut to the bone. Their secret: thousands of mothballed wells.

GE, Accenture announce first deployment of Intelligent Pipeline Solution

GE and Accenture said Wednesday that Columbia Pipeline Group (CPG) is the first company to deploy the Intelligent Pipeline Solution, a software solution that helps pipeline operators make informed decisions around pipeline safety and integrity.

Hungry for more shale oil stock? Pioneer Natural bets yes

Even after almost $400 billion in oil company market value was wiped out by investors fleeing the crude rout, Pioneer Natural Resources Co. is betting there’s ample demand for more shale-drilling shares.

Worst year for rigs in quarter century closes with a whimper

Oil explorers shut down more rigs in U.S. fields to finish out the worst year for drilling cutbacks in almost three decades.

First U.S. oil export leaves port; marks end to 40-year ban

The first U.S. shipment of crude oil to an overseas buyer departed a Texas port on Thursday, just weeks after a 40-year ban on most such exports was lifted.