Shale ///

Shale oil seen stifling OPEC's historic market-balancing role

The surge in the global supply of shale oil has curbed OPEC’s ability to balance crude markets, a former Qatari energy minister said.

DJ basin beats Bakken, Permian, Eagle Ford on commerciality of fraclog

The heart of the DJ basin, Weld County, exhibits the most commercial fraclog with an average completion cost per barrel of $4.70, according to a study by Rystad Energy.

Shale drillers hold off retiring oil rigs as cash flows improve

Oil explorers in the U.S. put a pause on their rig cancellations this week as improving technology and rising prices make some basins more profitable.

Most DUCs are within the Permian, Eagle Ford, Bakken and Niobrara: Rystad

Operators have accumulated about 3,900 drilled but uncompleted horizontal oil wells (DUCs) across the U.S. shale, with more than 90% of these located within the major liquids plays, according to the latest analysis by Rystad Energy.

American Energy to shut down after passing of founder

American Energy Partners (AEP) LP, the firm created by Aubrey McClendon, will shut down following the shale pioneer’s death, the company said in a statement emailed by an outside spokeswoman.

France’s proposed shale-gas ban isn’t workable, Total CEO says

Total SA CEO Patrick Pouyanne said plans to ban imports of U.S. shale gas to France may be unworkable.

Continental Resources reports record STACK oil well

Continental Resources has announced the completion of an industry record well in the over-pressured oil window of Oklahoma's STACK play.

Nine Energy completes 124-stage well in Utica shale

Nine Energy Service successfully completed 124 perforated stages in an 18,544 ft lateral (27,034 ft TMD) in Guernsey County, Ohio, for Eclipse Resources, a premier independent E&P company in the Appalachian basin.

EnerVest acquires $1.3 billion in Eagle Ford assets

EnerVest has announced new acquisitions in the Eagle Ford shale.

Range agrees to buy Memorial Resource in $3.3 billion deal

Range Resources Corp. agreed to buy Memorial Resource Development Corp. in a $3.3 billion all-stock deal to take advantage of growing demand from natural gas exports and chemical manufacturers. It’s Range’s single largest deal on record.

U.S. drillers idle ten oil rigs for eight week of decline

The number of rigs seeking oil fell for an eight consecutive week, Baker Hughes said Friday as the total rig count settled just above 400.

Oil at $45 proving no savior as bankruptcies pile up

Three bankruptcies this week shows that $45/bbl oil isn’t enough to rescue energy companies on the verge of collapse.

Newfield may sell Eagle Ford assets said to be worth $500 million

Newfield Exploration Co. has hired two investment banks to find buyers for its acreage in Texas’s Eagle Ford basin and other oil plays as it seeks to focus on Oklahoma’s Anadarko region.

Encana said to weigh sale of Western Canadian shale assets

Encana Corp. is weighing the sale of some of its shale assets in Western Canada as part of an effort to bolster its balance sheet amid protracted low oil prices, people with knowledge of the matter said.

Stubborn natural gas supply imperils best U.S. rally in 14 years

Natural gas futures have soared since March on speculation that supplies are finally falling after a decade of gains. Production numbers tell a different story.

Saudis' new oil boss seen chasing record output to stymie shale

Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the world’s largest exporter sticks with his predecessor’s policy of defending market share against higher-cost shale.

U.S. oil rig count falls for seventh straight week

The number of active oil rigs in the U.S. fell for the seventh week in a row, according to data released Friday by Baker Hughes.

ShaleTech: Permian Shales

Jim Redden, Contributing Editor

Best bet in a field of also-rans

Proppant-sized solid inhibitors improve flow assurance in fraced wells

Jenifer Lascano, Damian Ochoa, Carlos Camacho, Baker Hughes

Using proppant-sized solid inhibitors and a proactive chemical treatment plan, operators can minimize health, safety and environmental exposure, as well as mitigate the cost of remediation and loss of production.

Companies in the news

Emily Snyder, World Oil

Companies in the news