Shale ///

Rice Energy expands in Marcellus with $2.7-billion Vantage Energy buy

Rice Energy has entered into a purchase and sale agreement to acquire Vantage Energy, LLC and Vantage Energy II, LLC for approximately $2.7 billion, including the assumption of debt.

UK’s Labour Party would ban fracing, spokesman says

The UK opposition Labour Party would ban hydraulic fracturing for shale gas if it wins the next general election, according to its energy spokesman Barry Gardiner.

Saudi Aramco sees oil demand ‘steady’ as supply growth slows

Slower growth in oil supply is helping the crude market to re-balance, and prices are set to increase over time, according to the head of the world’s biggest producer.

EIA: Hydrocarbon production in the Utica play increasingly targets natural gas-rich areas

Production of oil and natural gas in the Appalachian basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012.

Analyst touts industry’s cost reductions in U.S. shale plays

Recent analysis and statistical research have shown that break-even prices for oil production in the major U.S. shale plays have fallen, on average, at least $30/bbl for WTI.

Top Permian oil producer says rig counts in the region are going to soar

The biggest player in the Permian basin, America's most coveted oil field, thinks rig counts in the region are poised for explosive growth.

YPF sees Argentina reforms drawing billions in shale investments

Argentina’s biggest oil company sees the government removing production subsidies by the end of 2017, a step that may help lure investment as President Mauricio Macri tries to sell his vision of a more competitive economy.

Endeavor Management announces shale completion best practices JIP

Endeavor Management has opened participation in its latest joint industry project (JIP)—Best Practices for Shale Completion Operations.

Encana to sell 107 million shares to fund drilling, repay debt

Encana Corp., the Canadian oil and natural gas producer, plans to sell 107 million shares to fund part of its 2017 budget and repay debt.

Stacked oil and gas make Permian deals costly in spite of rout

Oil prices are depressed, but Texas shale has never been more valuable.

Sound Energy reaches final casing point at Morocco's Tendrara

Sound Energy, the European and African focused upstream company, has announced that the second Tendrara well has now been drilled to the third and final casing point at an MD of 2,623 m and that operations have started to set and cement the 7-in. liner in the TAGI-I shale formation.

RockPile Energy Services targets Bakken workovers with AWS acquisition

RockPile Energy Services, a portfolio company of White Deer Energy, has acquired American Well Service (AWS), a Kenmare, North Dakota-based workover rig company.

Evaluating diversion techniques to increase stimulation effectiveness in the Eagle Ford

Shea Evans, Kirk Dawson, Matthew Montes, Halliburton; Greg Preston, Scott Hudson, Carrizo Oil and Gas

A study in the Eagle Ford shale assessed the challenges associated with cluster efficiency in horizontal plug-and-perf treatments, as well as the application and methodology of using a diverter. Production was analyzed to validate the diverter’s performance, and fiber-optic data provided subsurface insight to validate diversion effectiveness.

BP seeking more investment opportunities in Argentina shale

BP Plc would rather invest in Argentina’s shale oil fields than in Texas’ Permian basin, the U.S. drilling hot spot, CEO Bob Dudley said.

Over 5,000 DUCs await completion in U.S., EIA says

The U.S. Energy Information Administration’s (EIA) monthly Drilling Productivity Report (DPR), released Monday, now includes a supplement that provides monthly estimates of the number of DUCs in the seven key oil and natural gas producing regions covered by the report.

Dakota pipeline’s fate may hinge on next president after setback

The Obama administration halted work on a stretch of land where Energy Transfer Partners is building its Dakota Access oil pipeline, a move that could threaten to thrust the fate of the project into the hands of the next president.

Trump camp's call for oil freeze will be ignored by OPEC: Column

Energy adviser to Donald Trump, CEO of Continental Resources, Harold Hamm has history with OPEC.

Total takes over joint acreage in Barnett shale from Chesapeake

Total E&P USA is exercising its preemption right to acquire Chesapeake’s 75% interests in the jointly held Barnett shale operating area in North Texas. Total E&P USA has owned the remaining 25% in the Barnett assets since December 2009. With the preemption, Total E&P USA will be the 100% owner and operator of the assets.

Charger Shale Oil Co. and Oaktree announce $900-million Permian basin JV

Charger Shale Oil Company, an oil and gas partnership headquartered in Midland, Texas, and funds managed by Oaktree Capital Management, L.P., today announced their recently formed joint venture focused in the Permian basin.

Enbridge scraps plan to build Sandpiper pipeline amid Bakken slump

Enbridge said it has withdrawn a regulatory application for its $2-billion Sandpiper pipeline amid a slump in production in the Bakken.