The Texas Railroad Commission has initiated proceedings requiring the operators of two disposal wells in the area of Azle, Texas, to show cause why the injection permits for the wells should not be cancelled due to an alleged connection raised by new seismic research.
Oil needs to recover to $65/bbl for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is produced by Libya.
CALGARY (Bloomberg) -- Oil fracing companies seeking to improve their image and pull in a little extra cash are turning their waste water into clean geothermal power.
The U. S. Geological Survey (USGS) has released a report that outlines a preliminary set of models to forecast how hazardous ground shaking could be in the areas where sharp increases in seismicity have been recorded.
Think the U.S. is awash in crude now? Thank the fracklog that it’s not worse.
The U.S. can wait to lift the ban on crude exports because slowing production will give refiners time to handle the type of oil produced in shale plays, Energy Information Administration chief Adam Sieminski said.
ShaleTech Canada opened in the Tellus Conference Centre in Calgary with speakers emphasizing export of Canadian resources and know-how, with Canada playing an important role in the North America energy Renaissance.
Statoil has awarded a major carbon dioxide (CO2) supply and service contract to Denver-based Ferus LP, a provider of energized fluids (liquid CO2 and liquid nitrogen) to the North American oil and gas industry.
With OPEC ceding control for the first time since the 1980s, U.S. shale oil has been anointed the world’s new 'swing producer' by everyone from ConocoPhillips and Goldman Sachs Group to former Fed Chairman Alan Greenspan.
WASHINGTON, D.C. -- Secretary of the Interior Sally Jewell has announced that the Bureau of Land Management will open a public dialogue on potential changes to federal onshore oil and gas regulations. The changes concern increasing oil and gas royalty rates, rental payments, lease sale minimum bids, civil penalty caps and financial assurances.
U.S. Sen. Lisa Murkowski, R-Alaska, drew attention to the potential impact that ending sanctions against Iran could have on U.S. production if the outdated prohibition on exporting domestic crude oil is not also lifted.
The profitability of some U.S. shale wells at current prices will almost double as cost cutting and technology turns them into cash gushers despite oil’s crash.
Saudi Arabia led a surge in OPEC crude oil production in March.
HOUSTON (Bloomberg) -- The U.S. keeps pumping oil at a near-record pace, in spite of the collapse in prices over the past year and cutbacks in drilling.
NEW YORK (Bloomberg) -- The U.S. government said for the first time that the nation will become a net energy exporter within 15 years as the shale boom bolsters crude oil production.
The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt.
Terves Inc. announced that more than 500 of its second-generation TervAlloy engineered disintegrating frac balls have been successfully deployed in horizontal frac completions in North America since their introduction in late 2014.
The crude oil contango market in the U.S. has created a massive incentive to store oil and, while traditional storage hubs reach record high levels, Genscape analysts have identified a trend for operators to look to their own wells as an avenue to store oil until commodity market conditions improve.
For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. That’s how much they stand to get paid on insurance they bought to protect themselves against a bear market - as long as prices stay low.
Dragon Products, Ltd, has introduced a 10,600-gal liquified petroleum gas (LPG) transport trailer for use in shale plays.