Shale ///

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.

Oilfield service companies form Well Performance Network

A new micro-alliance between multiple agile, innovative, technology-driven service companies, collectively called the Well Performance Network (WPN), launched today, to revolutionize well construction and completion to deliver longer-lasting wells.

MicroSeismic launches real-time completions evaluation

MicroSeismic, Inc., the inventor and leading provider of surface micro-seismic monitoring, today announced the release of Real-Time Completions Evaluation, which provides on-the-spot fracture modeling, dynamic SRV estimation, end of stage EUR and drainage estimation, and rapid stress analysis.

Oil buzz a brief encounter as "too far, too fast" rally wanes

Was $50/bbl for oil just a passing fancy?

Cubility signs distribution agreement for solids control technologies in U.S., Canada

Cubility AS, a provider of solids control solutions that improve drilling efficiency, solids control and HSE around the drilling process, has announced two exclusive distribution partnerships with Calgary-based New Tech Solids Inc and Houston-based Stage 3 Separation.

Shell, Kuwait's KUFPEC cancel share sale for two Shell subsidiaries in Thailand

Royal Dutch Shell announces today that its subsidiary, BG Asia Pacific Holdings Pte Limited, and KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), have mutually agreed to cancel the sale & purchase agreement for the share sale of Shell Integrated Gas Thailand Pte. Limited (SIGT) and Thai Energy Co Limited (TEC).

BP strengthens LNG shipping capacity

BP is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around the world.