Shale ///

Work to resume on $3-billion U.S. gas pipeline

Williams Partners LP was cleared by a federal court to resume construction on a $3-billion pipeline that will help shuttle shale gas across the eastern U.S.

Crude tumbles after shock increases in stored oil and production

Traders dumped oil futures after a surprise increase in U.S. crude stockpiles and surging output dashed confidence that a worldwide glut is fading.

EIA: Pennsylvania’s natural gas production reaches new high

Pennsylvania’s natural gas production reached a new high of 15 Bcfd in October 2017, an increase of 25% from year-ago levels and an increase of 80% from January 2013.

Shale monster besets OPEC's resurgence through next decade

OPEC sees no respite from shale’s onslaught before the second half of the next decade. Until then, the cartel will stick with the one weapon it still has to prevent another oil price collapse: austerity.

TransCanada eyeing new names that lose "Canada"

TransCanada Corp., which diversified heavily into the U.S. with its $10.2-billion Columbia Pipeline Group Inc. acquisition last year, is seeking trademarks on new company names that would excise its home country.

OPEC sees U.S. shale oil powering ahead after cuts boost prices

OPEC said shale oil production will grow considerably faster than expected over the next four years after the group’s output cuts triggered a crude-price recovery that helped U.S. producers.

Chevron not giving up on Canada, plans shale push

Chevron Corp. is planning a significant drilling program in the Duvernay shale formation, marking a vote of confidence in Canada’s energy industry in a year when it joined other majors in selling assets there.

Oil and Gas Index shows Texas producers continuing to recover

Upstream oil and gas activity in Texas sustained a modest expansion into the 10th straight month in September, according to the Texas Petro Index, which rose to 181.4, 21.4% higher than in September 2016 and 22.4% higher than in November, when the TPI hit bottom at 148.2.

Proposed U.S. tax overhaul jibes with oil industry

The tax overhaul proposed in the U.S. House is a better bet for oil and gas companies than solar developers or electric car buyers, keeping with President Donald Trump’s decidedly fossil-fuel friendly views.

Oil hits 28-month high as OPEC behemoths back extending limits

Oil closed at the highest level in more than two years as OPEC’s two biggest members publicly endorsed an extension of production caps that have eroded a worldwide glut.

Echo Energy announces farm-in agreement in Argentina

Echo Energy plc, the South and Central American focused upstream gas company, is pleased to announce that it has entered into a binding farm-in agreement with Compañía General de Combustibles S.A. (CGC), a privately-owned subsidiary of the Argentinian conglomerate Corporación América International, for the acquisition by Echo of a 50% interest in each of the Fracción C, Fracción D, Laguna de los Capones and Tapi Aike licences, onshore Argentina.

EIA: Widening Brent-WTI price spread unlikely to change East Coast crude oil supply

In September and October 2017, the difference between domestic and foreign crude oil prices has risen to the highest level since 2015. In the past, price differences between West Texas Intermediate (WTI) and Brent crude oil led to changes in crude oil supply for petroleum refineries in the U.S. East Coast region. However, recent price changes are not expected to affect East Coast crude oil supply unless the gap continues and widens.

Clariant expands support for local North American oil services customers

Clariant, a world leader in specialty chemicals, announces a low single-digit million amount investment to strengthen two of its North American Oil Services sites in order to further support customer growth in key oil basins.

EIA: Haynesville shale gas production increases to highest levels since 2013

Recent increases in drilling activity and well production rates are raising natural gas production levels in the Haynesville region, according to EIA’s Short-Term Energy Outlook (STEO). Marketed natural gas production in Haynesville reached 6.9 Bcfd in September after remaining near 6.0 Bcfd for the previous three years.

Emerson launches compact multi-phase meter for shale fields

Emerson has launched a new smaller version of its industry leading Roxar Multi-phase Meter (MPFM) 2600 - a small size, cost-effective and modular flow meter specifically designed to address the flow profiles of North American shale fields and provide a meter suitable for the lifetime of the wells.

C&J Energy Services to acquire O-Tex Holdings, Inc.

C&J Energy Services, Inc., has announced that it has entered into a definitive agreement to acquire O-Tex Holdings, Inc. and its operating subsidiaries, including O-Tex Pumping, LLC (O-Tex).

Kimray launches electronic low-pressure control valve

Kimray Inc. has announced the release of the E-LO Control Valve. The E-LO, short for “Electronic Low-Pressure Control Valve,” is designed to control flow in applications with pressures less than 45 PSI. It features a modular control board with three module options—discrete for on/off control, analog for variable control, and RS-485 for MODBUS control.

ExxonMobil’s investment plan approved for Los Toldos I South block in Argentina

ExxonMobil announced today that the Neuquén Province government has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block.

Rose Petroleum completes 3D seismic shoot in Utah's Paradox basin

Rose Petroleum, the AIM quoted natural resources business, has announced the completion of the acquisition of data from its 3D seismic shoot in the Paradox basin in Utah.

Rise in Texas earthquakes near oil fields prompts new monitoring

Texas, home to two of the nation’s busiest oilfields, now has a new way for the public to track in real time how many earthquakes are rattling the Lone Star State since the expanded use of new drilling techniques.