Shale ///

Shale Support honors students with $2,500 STEM scholarships

Shale Support, LLC, a provider of frac-sands and logistical solutions to the oil and gas proppant market, is proud to announce the winners of the 2017 Shale Support STEM Scholarship.

Jones Energy exits Arkoma basin with non-core asset sales

Jones Energy, Inc., has announced that it has entered into definitive agreements to sell several non-core assets, including an agreement to sell its Arkoma basin properties, for a combined total of up to $70 million, subject to closing adjustments.

Shale tycoon who turned Enron reject into gold builds again

After helping give birth to the U.S. shale boom a decade ago, Mark Papa is starting over at age 70 with a new $3.6-billion oil explorer he built from scrap amid the worst market crash in a generation.

Shale Support recognized for zero recordable incidents in 2016

Shale Support, LLC, a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, announces recent recognition for safety achievements across two facilities. The company maintained a recordable incident rate of zero for the year 2016.

Lonestar Resources announces 30-day production rate of 2,123 boed at Eagle Ford well

Lonestar Resources has announced that the Wildcat B1H well has established a 30-day production rate of 2,123 boed, consisting of 890 bopd (42%), 764 bbl of natural gas liquids (36%) and 2,815 Mcfgd (22%).

Shale patch M&A frenzy cools as oil price seen stuck below $45

Deals in the shale patch aren’t so hot anymore with oil in the doldrums.

EQT dubbed largest U.S. gas driller after $6.7-billion Rice buy

EQT Corp. will become the largest U.S. natural gas producer after agreeing to buy Rice Energy Inc.’s holdings in the hydrocarbon-rich Marcellus shale formation for about $6.7 billion in cash and stock.

Shale's record fraclog could force oil prices lower

There’s yet another concern growing as oil prices continue to erode: A record U.S. fraclog.

Hess announces sale of enhanced oil recovery assets in Permian basin

Hess Corporation has announced that it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian basin to Occidental Petroleum Corporation for a total consideration of $600 million, effective June 1, 2017.

Weatherford introduces cased-hole evaluation system for enhanced oil recovery

Weatherford International plc announced the commercial release of the Raptor 2.0 cased-hole evaluation system today at the Society of Petrophysicists and Well Log Analysts Annual Symposium.

Schlumberger introduces rigless formation evaluation, monitoring for any reservoir

Schlumberger today introduced the Pulsar multi-function spectroscopy service at the SPWLA 58th Annual Symposium. The new service provides the industry’s first complete cased hole formation evaluation and reservoir saturation monitoring with openhole logging quality.

EQT Corp. to acquire Rice Energy for $6.7 billion

EQT Corporation and Rice Energy Inc. announce that they have entered into a definitive merger agreement under which EQT will acquire all of the outstanding shares of Rice common stock for total consideration of approximately $6.7 billion – consisting of 0.37 shares of EQT common stock and $5.30 in cash per share of Rice common stock.

Sanchez Energy announces sale of non-core Marquis asset in Eagle Ford

Sanchez Energy Corporation has announced that the Company has sold its non-core Marquis asset in the Eagle Ford Shale to Lonestar Resources U.S., Inc., for approximately $50 million of cash, subject to the Jan. 1, 2017, effective date and other normal and customary pre- and post-closing adjustments.

Blast backlash hangs over drillers as 'fractivists' seek limits

Two months after a Colorado home exploded near an Anadarko Petroleum Corp. well, the reverberations are still rattling the oil industry, driving down driller shares and raising fears of a regulatory backlash.

University of Michigan endowment to boost investments in energy

The University of Michigan’s endowment is looking for yield by boosting its holdings in two Texas-based energy funds.

Oil steady after third weekly loss as U.S. shale producers keep drilling

Oil steadied after a third weekly loss on speculation that sustained drilling by U.S. producers will blunt efforts by OPEC and Russia to re-balance an oversupplied crude market.

Encana sells Piceance assets in northwestern Colorado for $735 million

Encana Corporation has announced that its wholly-owned subsidiary, Encana Oil & Gas, Inc., has reached an agreement to sell its Piceance natural gas assets, located in northwestern Colorado, to Denver-based Caerus Oil and Gas LLC.

U.S. sees crude output breaking 48-year-old record in 2018

U.S. crude production will average more than 10 MMbopd for the first time in 2018, breaking a record almost five decades old and keeping prices from rising as much as previously estimated, government forecasts showed Tuesday.

Texas oil and gas expansion frustrates OPEC production cuts

Upstream oil and gas development in Texas rallied for the fifth straight month in April, according to the Texas Petro Index, which improved to 164.8 to post its first year-over-year increase in 27 months.

Multiple completion technologies yield the best of all worlds

Travis Harris, Packers Plus Energy Services

Multiple completion technologies can be combined in one well for a hybrid solution to improve stimulation in extended reach laterals.