The catastrophic demand decline initiated by coronavirus lockdowns significantly damaged the U.S. oil industry, with oversupply, historically low storage capacity, and low prices. Operators responded by stacking rigs and shutting-in production.
The Texas Alliance of Energy Producers held a virtual meeting on May 20 to provide its members, and invited guests, an update on problem issues that the association is working to solve.
Railroad Commission of Texas (RRC) Chairman Wayne Christian’s sudden April 29 declaration against prorationing appears to run counter to what a majority of Texas E&P professionals would like the agency to do on May 5, according to results of a new World Oil survey.
December 02, 2019
At current oil prices, “what you cannot do is harvest cash and grow,” said Raoul LeBlanc, a Houston-based analyst at IHS Markit. “There’s an inflection point coming here because production growth is going to slow down massively.”
Two federally-funded projects in the Bakken and Eagle Ford shales strive to improve recovery efficiency in unconventional plays while accelerating their development and generating high-quality data.
The caliche roads cutting through the blackbrush and mesquite of the South Texas brush country are a bit less congested of late, as Eagle Ford drilling and completion activity dips in what is ranked among the most profitable of the unconventional plays.
In an exclusive interview with World Oil Editor-in-Chief Kurt Abraham, ConocoPhillips Chief Technology Officer Greg Leveille discusses the technical issues facing global E&P, particularly as relates to the many U.S. unconventional plays
A case study performed in the Eagle Ford has proven that tunable technology can help achieve greater efficiency gains in developing unconventional reservoirs.
The Eagle Ford is enjoying a comeuppance, of sorts. Once left to pick up Permian basin leftovers, the unconventional elder has emerged as a veritable hedge against the bottleneck-induced price differentials of its high-flying neighbor to the immediate west.
An example of a cooperative relationship was demonstrated when Ulterra, a producer of PDC drill bits, and a large independent E&P company—operating in the Eagle Ford shale—combined forces to examine ways to improve performance.
Drilling activity is noticeably higher, as American drillers climb out from historically low levels.
May 11, 2017
WildHorse Resource Development Corporation today announced that it has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation and affiliates of Kohlberg Kravis Roberts & Co. L.P. for aggregate consideration of $625 million, subject to certain customary closing conditions.
May 05, 2017
Titan Energy has entered into a definitive agreement to sell its conventional Appalachia and Marcellus assets to Diversified Gas & Oil for $84.2 million.