WorldOil U.S. exported more oil than Saudi Arabia in June The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more. Indianola Energy upstream strategy earns $100 million equity commitment The company announced a $100 million equity commitment to pursue a new upstream strategy, designed to provide both capital and an execution team to help producers accelerate value on undeveloped acreage in highly-proven resource plays across North America. Osaka Gas acquires Sabine Oil and Gas in Japan’s first foray into U.S. shale gas Osaka Gas has entered into a definitive agreement with Sabine Oil and Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil and Gas Corporation, which produces shale gas in the amount of 210 MMcfed. World of oil and gas Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin. Comstock Resources to become Haynesville leader with $2.2-billion acquisition Comstock Resources, Inc., and Covey Park Energy LLC have jointly announced that Comstock has entered into an agreement under which Comstock will acquire Covey Park in a cash and stock transaction valued at approximately $2.2 billion. LAGCOE 2019 issues call for speakers The LAGCOE 2019 Conference Committee is now accepting speaker applications for consideration for its biennial conference and exposition to be held Oct. 9-11, 2019 at the Ernest N. Morial Convention Center in New Orleans, La. Texas snaps 2-year streak of oilfield job growth as crude slides Jobs in the Texas oil patch dropped for the first time in almost two years, according to the state’s workforce commission. Motley outlook amid new highs in gas production, prices Despite both production and seasonal gas prices at multi-year highs, asset-holders in the Haynesville and Bossier shales are sending mixed messages as to the breadth of the supposedly percolating recovery. Formation water reduction technology proves successful in the field Advanced technology allows operators to reduce formation water, while maintaining oil and gas production. Haynesville natural gas production is increasing, EIA says In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.4 Bcfd, accounting for 8.5% of total U.S. dry natural gas production and the highest production from this region since September 2012.