Shale ///

Prolonged shutdowns from Harvey could strand shale output

The mutual dependency of pipeline companies and refiners is being magnified as Tropical Storm Harvey takes its toll on the Gulf Coast, putting at risk the U.S. shale boom.

YPF CEO resigns as oil company readies asset sales, shale focus

Ricardo Darre, CEO of YPF SA, has resigned as Argentina’s largest oil producer prepares to sell at least $1 billion in assets and focus on developing the world’s second-biggest reserve of shale gas.

Sustained global recovery in land drilling forecast by Westwood Global Energy Group

The recovery in the global land drilling market, led by North America, is being sustained, according to first half figures from Westwood Global Energy Group, energy market research consultancy firm. The drive, both in the U.S. and internationally, for drilling wells with longer laterals and on multi-well pads, is creating demand for high-horsepower, modern rigs that can minimize time between each well.

It's been a tough month for some of America's most-loved oil plays

The good news for U.S. producers: the chief executive officer of Europe’s second-biggest oil and gas company thinks American shale assets are “quite expensive” following a recovery in the price of crude. The bad news: they’re growing more affordable.

Shale producers are dropping rigs and adding hedges, ESAI Energy says

Despite a slowdown in the number of rigs being added in the shale basins, output targets will be met or exceeded as producers are adding to their hedged positions, according to ESAI Energy’s recently released North America Watch.

Commissioner Christian tours East Texas RRC cleanup operations

Commissioner Wayne Christian (R -Texas) today toured oil and gas cleanup sites in East Texas while visiting the Railroad Commission of Texas (RRC) district office in Kilgore.

Total snubs "expensive" U.S. shale with North Sea-focused deal

When Total SA warned last month it was ready for acquisitions, U.S. shale assets weren’t at the top of its shopping list.

Microsoft, Halliburton announce digital transformation partnership

HOUSTON -- Microsoft and Halliburton today announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry. The relationship will combine Microsoft's expertise in cloud and digital transformation with Halliburton's exploration and production (E&P) science, software and services.

Weatherford appoints Karl Blanchard as COO

Weatherford International plc has announced the appointment of Karl Blanchard as executive V.P. and COO. In this role, he will oversee all region and product line operations; quality, health, safety, security and environment; sales; engineering, research and development; and supply chain.

Sanchez Energy to sell Eagle Ford asset for $105 million

Sanchez Energy Corporation has announced that it has entered into a definitive agreement to sell its Javelina asset in the Eagle Ford shale for approximately $105 million in cash.

Empyrean Energy provides update on Dempsey well in California's Sacramento basin

Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been informed by Sacgasco Limited, the operator of the Dempsey 1-15 well in the Sacramento basin, onshore California, that the field appraisal drilling component of the Dempsey 1-15 well has been successfully concluded.

Highlands Natural Resources provides update for East Denver Niobrara project

Highlands, the London-listed natural resources company, has announced that it has successfully drilled and set surface casing in both the Wildhorse 5-64 15-16-1BHZ and Powell 5-64-15-16-1CHZ wells.

Blackstone bets on shale boom lasting with Harvest deal

Blackstone Group LP’s reach for $10 billion in energy assets is the firm’s latest bet that the U.S. shale boom is just hitting its stride.

Rockcliff Energy acquires additional Haynesville shale rights

Rockcliff Energy has announced that, in addition to its pending acquisition of Samson's East Texas and North Louisiana properties, it has acquired approximately 60,000 net acres of Haynesville shale rights.

Shale will beat OPEC as U.S. oil thrives at $40, Citigroup says

U.S. shale oil will prevail over OPEC as the two rivals compete in an oversupplied world market, Citigroup Inc.’s head of research said.

API: Trump's executive order an important step in streamlining energy infrastructure

API President and CEO Jack Gerard called President Trump's executive order to streamline energy infrastructure an important step in speeding up projects, creating jobs, and improving government efficiencies in delivering energy Americans demand.

Whiting Petroleum to sell assets in North Dakota's Bakken for $500 million

Whiting Petroleum Corporation has agreed to sell its Fort Berthold Indian Reservation area assets, located in Dunn and McLean Counties, N.D., to RimRock Oil & Gas Williston, LLC. The cash purchase price is $500 million, subject to customary adjustments.

Oil trades at three-week low amid rising shale output

Oil traded at a three-week low after a forecast on U.S. shale growth added to mounting worries that the rebalancing process is stalling.

BNK Petroleum reports completion of fracture stimulation in Oklahoma's SCOOP

BNK Petroleum Inc. has announced the completion of the fracture stimulation of the Hartgraves 1-6H well (100% working interest), which is located in BNK’s Tishiminogo field, in the SCOOP region of Oklahoma.

Nabors agrees to acquire Tesco Corp. in all-stock transaction

Nabors Industries Ltd. has announced that the company has signed an arrangement agreement to acquire all of the issued and outstanding common shares of Tesco Corporation.