Shale ///

Wood Mackenzie says Delaware Wolfcamp still leads the pack—for now

The Delaware Wolfcamp has been the focus of much of the increase in Lower 48 drilling activity in the past 18 months. While breakevens continue to trend down and the play has attracted a number of new entrants, there are clear signs that growth is plateauing.

Hidden pitfalls could impair America's hottest oilfield area

The world’s hottest oilfield area, the Permian basin of West Texas and New Mexico, isn’t without its risks.

Chesapeake surges as CEO keeps focus on cuts, asset sales

Chesapeake Energy Corp. shares jumped the most in almost two years, putting it on top of the S&P 500, after the shale explorer pledged to continue its push to cut spending and sell more assets in the year ahead.

Oil declines as spare U.S. supplies menace OPEC's anti-glut plan

Oil dropped as expanding U.S. stockpiles knocked the steam out of the OPEC-led effort to drain a worldwide glut.

Billionaire Texas oilman Hildebrand steps down as Hilcorp Energy CEO

Hilcorp Energy Co. announced that its billionaire owner Jeff Hildebrand has stepped down as chief executive officer of the largest closely held U.S. oil explorer.

Trinidad Drilling considers sale as Canadian E&P activity slumps

Trinidad Drilling Ltd., which provides contract drilling services in North America and the Middle East, is considering selling itself as years of slumping drilling activity in Canada weighs on revenue.

Shell shows interest in BHP assets amid plans to expand in shale

Royal Dutch Shell Plc said it’s potentially interested in BHP Billiton Ltd.’s oil assets on sale in the Permian basin in the U.S. as it seeks to boost its role in shale.

BHP sees faster shale sale in race to exit $10-billion unit

BHP Billiton Ltd. is accelerating plans to exit its $10-billion U.S. shale unit, flagging that deals could be announced before the end of the year.

Foothills Exploration reports successful completion, flow testing of horizontal well in Utah

Foothills Exploration, Inc., an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, reported today the successful drilling, completion and flow testing of the Stagecoach 111-20H horizontal well, now producing natural gas in commercial quantities.

Deloitte: Industry exercises caution with M&A, though trend is changing

Deloitte forecasts that although the oil & gas industry may be in love with the recent rise in commodity prices it is still exercising some caution when it comes to M&A activity, but that is changing.

Linn Energy announces sale of West Texas properties for $119.5 million

Linn Energy, Inc., announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119.5 million, subject to closing adjustments.

NOV develops top-drive upgrade for cost-effective performance upgrades in the Permian

Demand in the Permian basin for cost-effective ways of improving performance continues to increase. While a simple solution might involve purchasing entirely new equipment, in many cases this isn’t feasible due to both current constraints on capital expenditures and unacceptable downtime caused by long lead times for newbuilds. To address this issue, National Oilwell Varco (NOV) developed an upgrade package—the TDS-11SAE—for its top drives to elevate their performance beyond standard levels.

Oil near seven-week low on signs U.S. stockpiles rose a third week

Oil traded near its lowest closing level in seven weeks in New York as signs of rising U.S. crude stockpiles fanned concern of a new surge in shale-oil production.

U.S. output builds on OPEC cutbacks, gas rides LNG expansion

Shale operators are increasing U.S. crude production in response to oil prices that are, so far, trending more favorably this year, due largely to decisions by OPEC and Russia to curb production.

U.S. shale drives rig count recovery in 2017

With oil prices on the rise in 2017, operators added drilling rigs back to many areas of the U.S.

ShaleTech: Marcellus/Utica Shales

Jim Redden, Contributing Editor

Record laterals help feed new pipelines, plants

Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations

Mark Miksa, Halliburton

Downhole turbines are a solution in hard and abrasive formations, otherwise inaccessible with conventional motors.

Innovative thinkers

Emily Querubin, World Oil

Rod Uchytil: Leaving an international impact

Executive Viewpoint

Bruce Toews, Sherwin-Williams Protective & Marine Coatings

Reducing coating maintenance costs and headaches on new offshore platforms

Drilling Advances

Jim Redden, Contributing Editor

Hard rock paradigm shift