Shale ///

Oil rises second day as OPEC cuts seen bringing stockpiles lower

Oil rose on expectations OPEC will succeed in bringing down inventories as the summer driving season kicks off in the U.S.

BHP CEO tells investors options for U.S. shale under review

BHP Billiton Ltd. is assuring shareholders that it’s exploring numerous options for its contentious U.S. shale unit amid pressure from activist investor Elliott Management Corp. to carry out a wider review of petroleum operations.

Flat Time Reduction launches Lean Oilfield Solutions

Flat Time Reduction (FTR), a Houston-based engineering and management consulting firm, has developed a new system tailored specifically for the oil and gas industry, based on the proven methodology behind lean manufacturing.

Texas Railroad Commissioner Ryan Sitton discusses innovative disruption in energy

Railroad Commissioner Ryan Sitton met with 100 senior level oil and gas executives in Houston yesterday for "An Energy Evening" hosted by KCA, a business consultancy serving energy, technology and legal clients.

Billionaire Ratcliffe hunts oil to repeat chemicals empire

Billionaire Jim Ratcliffe is seeking to replicate in oil what he did two decades ago to make Ineos AG into one of the world’s five biggest chemicals producers.

OPEC keeps focus on shale threat as officials meet in Vienna

OPEC officials gathering in Vienna on Friday to prepare for next week’s ministerial meeting kept their focus on rising U.S. shale oil production, which has been diluting the price impact of their production cuts.

Canada's Permian of the north roused by cheap gas drilling

Drilling rigs and roughnecks are hot commodities once again across the Montney shale play in western Canada, and service companies are having a hard time keeping up with demand.

Anadarko’s Walker: Oil won’t move past $60/bbl before 2020, industry needs NAFTA

Crude oil prices have varied widely in the past year, and Anadarko CEO Al Walker doesn’t think prices will extend beyond the $50-$60/bbl range before the end of the decade.

Frac crew shortage may push oil's biggest bubble to 2018

Shale explorers pushing to expand oil production are struggling to find enough fracing crews after thousands of workers were dismissed during the crude rout.

Halliburton elects Jeff Miller as president and CEO

Halliburton Company (NYSE: HAL) today announced its board of directors has unanimously elected Jeff Miller, the Company’s president and a board member, to the position of president and CEO. Dave Lesar, who has led Halliburton as chairman and CEO since 2000, will continue serving the Company as executive chairman.

Indian explorer bets $1 billion on natural gas, unconventional shale

Great Eastern Energy Corp. will drill 144 new wells over the next four to five years at its Raniganj block in the eastern state of West Bengal, according to CEO Prashant Modi. The company, which began looking at the block in 1993, will invest an additional 50 billion rupees in other unconventional assets, including shale.

FairfieldNodal, Schlumberger team up for 3D survey in Permian

FairfieldNodal and Schlumberger today announced a strategic multiclient joint venture in the southern Delaware basin of West Texas.

Chisholm Energy Holdings announces acquisition in Permian basin

Chisholm Energy announced that it has closed on the acquisition of its first asset, located in the New Mexico region of the Delaware basin.

Shale play `left for dead' gets some love as U.S. gas rises

A natural gas basin that helped kickstart the shale boom a decade ago is getting a new lease on life as the market recovers.

Kalnin Ventures announces fourth Marcellus asset acquisition

Kalnin Ventures LLC today announced it has signed a Purchase and Sale Agreement (PSA) on its fourth acquisition of a non-operating portfolio in the northeast portion of the Marcellus shale, on behalf of its BKV Fund and investor Banpu Pcl.

BHP studying shale gas sale as hedge fund Elliott demands review

BHP Billiton Ltd. is considering further sales of its U.S. shale gas assets as it fends off the second round of attack from activist hedge fund Elliott Management Corp. over the future of the energy business within the world’s biggest mining company.

Resolute Energy closes Delaware basin Bronco acquisition

Resolute Energy Corporation has announced the closing of its previously announced Bronco acquisition of certain oil and gas properties located in Reeves County, Texas, for an aggregate purchase price of $160 million, adjusted for normal closing purchase price adjustments.

Oil halts gain as more U.S. rigs counter OPEC-cut deal report

Oil halted gains near $48/bbl after U.S. rigs targeting crude rose a 17th week, countering a report that OPEC and other major producers reached an initial agreement to extend output cuts.

Trump's China deal boosts U.S. LNG without rule change

America’s shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal that may not even change existing rules.

Occidental shareholders override board in approving climate proposal

Occidental Petroleum Corp.’s shareholders approved a proposal Friday to require the oil and gas exploration company to report on the business impacts of climate change, marking the first time such a proposal has passed over the board’s objections.