Shale ///

The 130-year-old bankruptcy that created a $5-billion oil giant

The hottest oil stock from the U.S. shale boom has never pumped a single barrel of crude.

Shale's big boost won't bust the budget, drillers tell investors

The shale boom’s back in full swing, with fracing crews the busiest since 2014. The novelty this time around: Oil executives stressing their prudence, along with their production.

Trump's Iran move may kick worst U.S. gas market while it's down

President Donald Trump’s decision to scrap the Iran nuclear deal and restore sanctions was great for oil bulls. But for natural gas drillers in America’s hottest shale play, it could be a disaster in the making.

U.S. government raises crude output forecast for 2018-2019

The U.S. government boosted its forecast for domestic crude output both this year and next year amid a surge in prices.

Fat arbitrage opportunity arises for oil traders in West Texas

Oil producers may be getting in their own way in the race to pump crude from the fertile Permian basin.

America's gas gusher seen boosting stockpiles by most since 2015

Soaring U.S. natural gas output probably expanded stockpiles of the fuel by the most seasonally in three years as mild spring weather curbed demand.

Bakken shale getting back "in-the-money"

With breakthroughs in drilling technology reducing costs and crude oil prices near $70/bbl, wells in North Dakota are turning into cash cows.

One of Exxon's top women takes on the fast-moving world of shale

ExxonMobil Corp.’s Sara Ortwein has delivered some of the energy industry’s biggest engineering feats over a 38-year career. Her newest challenge: Winning in the nimble, fast-moving world of shale.

TransCanada plans to clear Montana land for Keystone XL in fall

TransCanada Corp. will take the initial steps of clearing brush in Montana this fall for construction of the highly-contentious Keystone XL pipeline.

Apache Corporation capitalizes on shorter completion cycles in the U.S.

Apache reported earnings of $124 million, or $0.32 per share. Net cash provided by operating activities in the quarter was $615 million. Before working capital changes, Apache generated $799 million in operating cash flow. Adjusted earnings before interest, taxes, depreciation, depletion, amortization and exploration expenses (adjusted EBITDAX) was $1.1 billion.

BP said to weigh acquisition of BHP shale assets

BP Plc is weighing an acquisition of some of BHP Billiton Ltd.’s energy assets as the British oil major seeks more U.S. shale, according to people familiar with the matter.

Encana skirts North American pipeline mess to protect prices

Encana Corp. has so far avoided the pipeline bottlenecks that are damping prices for Permian crude and Canadian natural gas, thanks to the company’s hedging program and transportation agreements.

Navigation Powder River announces record production in the Powder River basin

Navigation Powder River, LLC, supported by certain investment funds managed by Juniper Capital Advisors, L.P., has announced record initial production from successful drilling of their first wells in the Powder River basin.

Mayan Energy reports gas discovery at Stockdale field in Texas

Mayan Energy, the AIM listed oil and gas company, has announced a new gas discovery at Stockdale field, in Wilson County, Texas, as part of its ongoing development activities at the Morris 1 well.

Gas pipelines facing $18.5-billion threat from Trump tax revamp

Pipeline owners led by Enbridge Inc. and Williams Cos. could be forced to refund as much as $18.5 billion to drillers, utilities and even United Airlines Inc. for upfront payments they charged customers before new U.S. tax rules cut the corporate rate.

Texas can't keep all the U.S. petroleum exports to itself

It would appear that the net-importing U.S. East Coast has a little bit of Texas export envy.

Fracers preach patience on payoff from $70 oil, growth in shale

The world’s biggest oilfield service companies have a message for investors: There’s a payoff for patience.

Permian basin seen growing to largest oil patch in the world

The Permian shale play is all about setting records. Now, the region will probably become the world’s largest oil patch over the next decade.

EIA: Pennsylvania’s natural gas production continues to increase

Pennsylvania’s marketed natural gas production averaged a record 15 Bcfd in 2017, 3% higher than the 2016 level. This production is largely from shale plays in the Appalachian basin. Pennsylvania accounted for 19% of total U.S. marketed natural gas production in 2017 and produced more natural gas than any other state except Texas.

BNK Petroleum reports its best 30-day IP rate of 630 boed in Oklahoma's SCOOP

BNK Petroleum Inc. has announced that the Glenn 16-2H well (100% working interest) averaged over 630 boed, of which 540 bbl are oil, for the last 30 days. The production from the well, which is located in BNK’s Tishomingo field, in the SCOOP region of Oklahoma, is currently producing over 620 boed, of which 515 bbl are oil (85%).