Shale ///

Shale revolution that shocked U.S. markets heads to Japan

The U.S. shale revolution that turned North American energy markets upside down is finally headed to the world’s largest consumer of LNG: Japan.

Devon expands Delaware basin resource with Leonard shale test

Devon Energy has announced an increase to its risked drilling inventory in the Delaware basin following a successful Leonard Shale stacked spacing test in southeast New Mexico.

PDC Energy closes core Delaware basin acquisition

PDC Energy, Inc., has announced that the Company closed the previously announced Delaware basin acquisition.

Oil slides on rising U.S. supply outlook, follow-up OPEC talks

Oil fell in New York on speculation that OPEC production cuts will bolster U.S. shale production, and amid signs that the organization won’t insist all its partners deliberately reduce output.

Service companies exposed to shale seen as winners of OPEC deal

Up to $15 billion in increased spending will flow into the non-OPEC shale market in 2017, according to a new analysis from Rystad Energy. This incremental change comes after OPEC’s decision to cut production by 1.2 MMbpd.

Gulfport Energy expands Utica footprint with $87-million acquisition

Gulfport Energy Corporation has entered into a definitive agreement with a third-party to acquire approximately 12,600 net undeveloped acres in northern Monroe County, Ohio.

Oil trades near $51 after slumping on signs of shale fightback

Oil traded near $51 a barrel amid speculation a production boost from U.S. shale producers will counter the first output cuts from OPEC in eight years.

Trump vows prompt review of Obama's Dakota Pipeline rejection

President-elect Donald Trump backs the Dakota Access Pipeline and will review a decision by the Obama administration to deny a permit needed to complete the $3.8-billion project, a spokesman said.

Chesapeake sells portion of Haynesville shale acreage for $450 million

Chesapeake Energy has signed an agreement to sell a portion of the company's acreage and producing properties in its Haynesville shale operating area, in northern Louisiana, for approximately $450 million to a private company.

Dakota Access pipeline in new setback as U.S. permit denied

The U.S. Army Corps of Engineers denied Energy Transfer Partners a permit to build a section of the $3.8-billion Dakota Access Pipeline in North Dakota after weeks of opposition from Native Americans, environmentalists and other groups.

Shale rushes to hedge production as market turns upside down

U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50/bbl, bankers, merchants and brokers said, pushing the forward oil curve upside down.

Energy Hunter Resources to acquire Midland basin properties

Energy Hunter Resources has agreed to acquire an undivided ownership interest in certain oil producing properties in Reagan County, Texas, from an undisclosed seller.

OPEC’s oil rally seen setting stage for 2017 price retreat

After jumping the most in nine months, oil is expected to climb further after OPEC beat the odds to agree on an output cut. Just don’t expect the rally to last.

Shale cheers former enemy as OPEC cut ends years of starvation

The U.S. shale industry, gutted by 2 1/2 years of bankruptcies, writedowns, credit downgrades and layoffs, is poised to step back from the brink, thanks to an old enemy: OPEC.

Texas shale is big winner as OPEC deal brightens oil outlook

The biggest beneficiaries of OPEC’s decision to shrink oil production will include its most implacable enemies: U.S. shale drillers.

BoomTown Oil, Juniper eye Eagle Ford with new partnership

Private equity firm Juniper Capital II, L.P. has announced a strategic partnership with BoomTown Oil to pursue and develop conventional and unconventional plays across multiple basins in the Lower 48, initially focusing on the Eagle Ford shale in South Texas.

Shale rebound starts with costlier grains of sand

The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America’s fracing fortunes begin to turn.

Cheniere ships second U.S. shale gas cargo to China

China is on the verge of receiving its second shipment of shale gas from the U.S.

Oil price hike from OPEC deal may snuff itself out, IEA says

An oil price surge triggered by a successful OPEC agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency.

U.S. crude exports aren’t impressing China, India

Two of the world’s fastest-growing economies have barely noticed the first year of unrestricted U.S. crude exports since the 1970s.