Oil explorers in the U.S. put a pause on their rig cancellations this week as improving technology and rising prices make some basins more profitable.
Operators have accumulated about 3,900 drilled but uncompleted horizontal oil wells (DUCs) across the U.S. shale, with more than 90% of these located within the major liquids plays, according to the latest analysis by Rystad Energy.
American Energy Partners (AEP) LP, the firm created by Aubrey McClendon, will shut down following the shale pioneer’s death, the company said in a statement emailed by an outside spokeswoman.
Total SA CEO Patrick Pouyanne said plans to ban imports of U.S. shale gas to France may be unworkable.
Continental Resources has announced the completion of an industry record well in the over-pressured oil window of Oklahoma's STACK play.
Nine Energy Service successfully completed 124 perforated stages in an 18,544 ft lateral (27,034 ft TMD) in Guernsey County, Ohio, for Eclipse Resources, a premier independent E&P company in the Appalachian basin.
EnerVest has announced new acquisitions in the Eagle Ford shale.
Range Resources Corp. agreed to buy Memorial Resource Development Corp. in a $3.3 billion all-stock deal to take advantage of growing demand from natural gas exports and chemical manufacturers. It’s Range’s single largest deal on record.
The number of rigs seeking oil fell for an eight consecutive week, Baker Hughes said Friday as the total rig count settled just above 400.
Three bankruptcies this week shows that $45/bbl oil isn’t enough to rescue energy companies on the verge of collapse.
Newfield Exploration Co. has hired two investment banks to find buyers for its acreage in Texas’s Eagle Ford basin and other oil plays as it seeks to focus on Oklahoma’s Anadarko region.
Encana Corp. is weighing the sale of some of its shale assets in Western Canada as part of an effort to bolster its balance sheet amid protracted low oil prices, people with knowledge of the matter said.
Natural gas futures have soared since March on speculation that supplies are finally falling after a decade of gains. Production numbers tell a different story.
Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the world’s largest exporter sticks with his predecessor’s policy of defending market share against higher-cost shale.
The number of active oil rigs in the U.S. fell for the seventh week in a row, according to data released Friday by Baker Hughes.
Best bet in a field of also-rans
Using proppant-sized solid inhibitors and a proactive chemical treatment plan, operators can minimize health, safety and environmental exposure, as well as mitigate the cost of remediation and loss of production.
Chesapeake Energy Corp. surged after the shale gas explorer signed a deal to sell Oklahoma drilling rights to Newfield Exploration Co. for $470 million.
Genscape has launched a daily price assessment for Bakken crude located in the most evolved trading hub in North Dakota. The Beaver Lodge hub is situated between wellhead production and pipeline and rail transportation access from the Williston basin.