Shale ///

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%).

Becoming a "Permian-bitcoin billionaire" may be just a dream

Could turning flared gas in Texas’s Permian basin into electricity to power bitcoin mining be a solution for shale producers?

California Resources acquires Chevron's remaining interests in Elk Hills field

California Resources Corporation has announced that it has executed and closed a purchase and sale agreement with Chevron to acquire the remaining working, surface and mineral interests in the 47,000-acre Elk Hills field in the San Joaquin basin of California.

TGS expands its onshore seismic activity with third project in the Anadarko basin

TGS further expands its 2018 onshore seismic activity with the announcement of the Gloss Mountain 3D seismic survey. Gloss Mountain is a significant addition to our industry leading geoscience data position in the SCOOP/STACK area of the Anadarko basin.

Rystad Energy: China’s promise to cut tariffs, open economy allows U.S. producers to breathe easier

During his speech Tuesday at the Boao Forum, Chinese President Xi Jinping gave reassuring words to help calm tariff tensions with the U.S. Xi’s commitment to cut tariffs and open the economy could be a first step in drawing more interest from foreign investment.

Investing in predictive analytics derives true value

Philippe Herve, Spark Cognition

As the oil and gas (O&G) industry emerges from the recent downtown, executives are looking for innovative ways to promote growth.

Digitization and data analytics will impact upstream operations favorably

Jay Stieneker, North Highland

On June 13, 2014, the cost of a barrel of West Texas Intermediate stood at $107.49. That year, budgeted, worldwide capital expenditures in the oil and gas industry would approach a record $520 billion. The future looked bright.