Shale ///

Chesapeake Energy jumps as shale gas auction accelerates

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 launches daily price assessment for Bakken crude at Beaver Lodge, ND

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.

Why this year's oil rally might be for real

At first blush, the rally in oil to start 2016 bears some resemblance to the rally at the start of last year, which ultimately ended in tears.

OTC '16: Gardner Denver unveils next-generation frac pump

Gardner Denver has debuted its latest innovation with the Thunder Series frac pump at the 2016 Offshore Technology Conference.

As OPEC infighting continues, U.S. becomes swing producer

When OPEC members couldn't agree at their April meeting to cap oil output in an effort to boost prices, did it signal the end of the cartel's reign as the world's energy swing producer—leaving the door open for American shale producers to take over the crown?

OTC '16: Weir Oil & Gas, MTU joint venture will be named EPIX

Weir Oil & Gas and Rolls-Royce Power Systems subsidiary MTU have announced their joint venture is to be named EPIX.

Oil bulls bet the waning U.S. shale boom will curb global glut

Hedge funds are rooting for a quick collapse of the U.S. shale boom.

Top oil service firms mull North America retreat as losses mount

Two of the three largest oil rig operators and fracers are considering pulling back from the North American market as losses mount.

Oil's recovery inches higher as fraclog awaits price trigger

Oil’s rebound from the lowest level in more than 12 years may face an abrupt halt as prices near a level that could trigger a wave of new U.S. shale production.

Pioneer Natural boosts full-year output target on shale gushers

Pioneer Natural Resources Co. lifted its 2016 production growth target without increasing spending because wells drilled in a West Texas shale field are pumping more crude than expected.

Weir Oil & Gas unveils next generation of valve & seat technology

Weir Oil & Gas has unveiled the new SPM 2.0 valve & seat for well stimulation pumps used in shale plays globally.

PetroQuest closes sale of majority of Woodford Shale assets

PetroQuest Energy, Inc., has announced the closing of the sale of the majority of its remaining Woodford Shale assets in East Hoss field for gross proceeds of $18 million, subject to purchase price adjustments between the effective date of April 1, 2016, and the closing date.

Cheniere's LNG set to reach Europe as U.S. shale gas goes global

Within a decade of revolutionizing domestic natural gas markets, U.S. shale will for the first time enter Europe, a region dominated by Russian and Norwegian supplies.

GEODynamics releases QuickStart Inject and Frac Valve

GEODynamics, Inc.’s Engineered Completion Solutions Division has completed extensive field testing of the QuickStart Inject and Frac Valve product line and is broadly releasing it to the global horizontal completion market immediately.

Goodrich Petroleum files for Chapter 11 for restructuring

Goodrich Petroleum Corp. filed for Chapter 11 in a U.S. bankruptcy court to implement a financial reorganization after struggling to restructure its debt amid declining energy prices.

IEA sees oil oversupply almost gone in second half on shale drop

Global oil markets will “move close to balance” in the second half of the year as lower prices take their toll on production outside OPEC, the International Energy Agency said.

ShaleTech: Canadian Shales

Jim Redden, Contributing Editor

A lot of pain, little gain seen in ‘16

FracFocus celebrates fifth anniversary

Five years ago, the Ground Water Protection Council and Interstate Oil and Gas Compact Commission partnered with a vision to provide the public a one-stop site to access information on chemicals used in hydraulic fracturing operations by location.

Oil rises to four-month high as U.S. shale production slides

Oil climbed to a four-month high in London as forecasts for lower U.S. shale production signaled the global oversupply will slowly diminish.

Chesapeake pledges assets to preserve $4 billion bank line

Chesapeake Energy Corp., the shale gas producer that’s been selling fields and buying back debt to cope with plunging fuel prices, pledged additional assets as collateral to maintain access to a $4 billion line of credit. The shares jumped almost 7%.