Shale ///

Hexion announces first mobile Permian basin resin coating plant

The Oilfield Technology Group (OTG) of Hexion Inc. (Hexion) today announced its new Voyager mobile resin coating service. Initially located in the Permian basin, the innovative Voyager service is the first mobile manufacturing solution that provides in-basin resin coated proppant manufacturing for application in the oil and gas industry.

U.S. crude output to jump above 11 MMbpd sooner than expected

The U.S. government sees nationwide oil production jumping above 11 MMbpd much quicker than anticipated.

Emerald Bay Energy begins testing the Eagle Ford formation at Kuhn 3

Emerald Bay Energy Inc. announced that the Company moved a service rig on location today to perforate the Eagle Ford formation in the Kuhn 3 well at the Company’s Wooden Horse property in Southwest Texas.

Promised land for gas drillers turns into glutted beach

Natural gas producers who last week were basking in the strongest price environment in almost a quarter century are getting crushed.

Oil slides as stock markets crumble, shale drilling accelerates

Oil’s decline accelerated as the deepening slump in equity and debt markets undermined the outlook for energy demand against the backdrop of swelling U.S. crude production.

Brent slips to one-month low as U.S. drilling grows, stocks drop

Oil’s rally is unraveling on fears over an increase in U.S. production and as a deepening slump in equities undermines market support.

Permian seen second to Saudis for spare oil-output capacity

The U.S.’s Permian basin is looking like Saudi Arabia, with as much as 1 MMbbl of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter.

Oil below $70 as U.S. shale surge looms over bullish banks

Brent crude traded below $70/bbl as the specter of expanding U.S. supply was weighed against Wall Street banks’ growing faith in a price rally.

Billions from Trump tax cuts supercharge fossil fuel sector

Oilmen, wildcatters and particularly refiners are reaping billions in gains from President Donald Trump’s tax overhaul, helping boost the staying power of old-style energy even as the world searches for cleaner fuels.

BHP said to mull shale split to speed $10-billion sale

BHP Billiton Ltd., seeking to accelerate the sale of its U.S. shale unit, is prepared to offer the assets in as many as seven packages, including three in the prized Permian basin, according to people with knowledge of the producer’s plans.

North Dakota Bakken oil rises again in shadow of mighty Permian

The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as he looks out the window of his blue Ford F-150 pickup truck.

Shale sends U.S. output past historic 10-MMbpd mark

U.S. oil production surged above 10 MMbpd for the first time in four decades, another marker of a profound shift in global crude markets.

U.S. shale growth could support Caribbean oil storage owners

Caribbean oil terminals hurt by dwindling Venezuelan supply and a market that encourages traders to pull oil out of tank may get a shot in the arm from U.S. shale.

ExxonMobil to triple Permian output by 2025, expand transportation infrastructure

ExxonMobil today announced that it plans to triple total daily production to more than 600,000 boe by 2025 from its operations in the Permian basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period.

Emerald Bay Energy carries out production testing at Texas' Wooden Horse project

Emerald Bay Energy Inc. has announced that the Company has completed the initial phase of production testing on the Kuhn 4 well at the Company's Wooden Horse project in Southwest Texas.

Saudi business mulls U.S. shale venture in first foreign foray

Saudi International Petrochemical Co. is considering investing in the U.S. shale industry in what would be the company’s first foreign venture as it faces higher costs and a shortage of feedstock at home in Saudi Arabia.

Rose Petroleum identifies multiple drilling targets in Utah's Paradox basin

Rose Petroleum plc, the AIM quoted natural resources business, is pleased to announce it has now completed the initial structural interpretation of the 3D seismic data it acquired over its Gunnison Valley Unit (GVU), which is part of its larger lease holding in the Paradox basin, Utah.

U.S. rig count expands most in 10 months as oil prices surge

E&P companies deployed more drilling rigs across U.S. oil fields this week as crude prices pushed to levels not seen in more than three years.

Landowners, fracers in tense face-off in wake of Colorado blast

The fracing frenzy in Colorado is spurring a tense faceoff between shale drillers in the region and residents seeking a better handle on the dangers in their own backyards after a killer pipeline explosion last year.

Optimism reigns in oil market as focus turns to stockpile drop

Oil surged to the highest level in more than three years as investors cheered a record run of declines in American crude stockpiles, showing resolve in the face of surging U.S. shale output.