WorldOil Apache completes midcontinent asset sales The asset sales reflect the company’s exit from the Western Anadarko Basin and the previously announced exit from the SCOOP/STACK play. Schlumberger sees shale output boom slowing on budget cuts Schlumberger expects surging oil production from North American shale basins to slow as explorers cut spending, outgoing CEO Paal Kibsgaard said during the company’s second-quarter earnings call. Range announces Appalachian asset sales of $634 million Range Resources has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. EIA: Summer natural gas prices on track to be the lowest since 1998 EIA forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu. Solaris Water launches expanded New Mexico recycling operations Solaris Water launches operations at its expanded Lobo Ranch Produced Water Recycling and Blending Center in Eddy County, New Mexico. Permian watch: America’s hottest shale play is slowing down The engine of America’s shale boom is beginning to sputter. No fast exit from Permian oil for private equity, RS Energy says Private equity has been ramping up its investment in Permian basin oil and natural gas production, but the old strategy of selling out after a few years is no more, according to RS Energy Group. U.S. DUC shale backlog declines, except in Permian basin The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016. EIA: Growth in Argentina’s Vaca Muerta shale, tight gas production leads to LNG exports Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén basin’s Vaca Muerta shale and tight gas play. Cracks in Permian promise slowing shale boom The promise of the Permian is shrinking.