U.S. Onshore ///

Parsley Energy says it is "attractive" for any buyer

Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year.

Houston American Energy begins producing from Frost 1-H well in Yoakum County

Houston American Energy Corp. today announced an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland basin, in Yoakum County, Texas.

Texas South Energy provides update on Wilinda project

Texas South Energy, Inc., has announced that it has temporarily discontinued flowback operations on the TXSO Richter 1H well in Wilson County.

Callon Petroleum closes on $245-million Midland basin divestiture

Callon Petroleum Company has announced that it closed on the previously announced divestiture of non-core assets in the southern Midland Basin to Sequitur Permian, LLC for net cash proceeds of $245 million.

TPG Sixth Street, Glendale Energy partner to fund acquisitions of non-operated oil and gas properties

TPG Sixth Street and Glendale Energy announced a new oil and gas investment partnership with an initial $500 million in capital commitments.

U.S. oil/gas output surge sets country increase record

U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country.

Jerry Jones likens natural gas deal to Dallas Cowboys buy

Dallas Cowboys owner Jerry Jones is expanding his natural gas empire at what looks like the worst possible time. Intentionally.

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.

Oil drillers scale back U.S. activity as crude falls into bear market

U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory.

Texas producers experiment, pumping gas down wells amid glut

Texas drillers may have found a solution to the stubborn natural gas glut that’s forced them to either burn it off into the air, or pay others to take it away.

World of oil and gas

Emily Querubin, World Oil

Several months ahead of schedule, Shell Offshore Inc., a Royal Dutch Shell subsidiary—alongside partner CNOOC Petroleum Offshore SA, Inc., a subsidiary of CNOOC Limited—has begun producing at its Appomattox floating production system.

Drilling advances

Jim Redden, Contributing Editor

First oil

Kurt Abraham, World Oil

U.S. EIA sees continued woes for Venezuelan oil output

Global gas market grew rapidly in 2018

Armelle Lecarpentier, CEDIGAZ

It was a remarkable year for the global natural gas market during 2018. Natural gas supply and demand grew at their fastest pace since 2010

Balancing waste management and solids control performance as part of total fluids cost

Ronald E. Morrison, Charles P. Stocker, Matthew R. Wiggins, Samuel K. Strickland, Derrick Equipment Company

Several variables should be considered before selecting solids control equipment and waste management techniques for achieving the lowest total cost.

New wells boost Wyoming oil production to highest level in 25 years

The Wyoming State Geological Survey (WSGS) completed its 2019 update to the Interactive Oil and Gas Map of Wyoming.

EIA: Horizontally drilled wells dominate U.S. tight formation production

Wells drilled horizontally into tight oil and shale gas formations continue to account for an increasing share of crude oil and natural gas production in the United States.

Tillerson says he ‘probably paid too much’ for XTO Energy as Exxon CEO

Rex Tillerson has some regrets about ExxonMobil Corp.’s $31 billion purchase of XTO Energy Inc.

Building boom shows biggest U.S. oil hub hasn't lost its allure

America’s largest oil hub in Cushing, Okla., is growing even as producers and traders look to move surging West Texas production to the coast for export.

Permian oil explorers expand activity as drilling costs decline

Oil explorers deployed more rigs for the first time in four weeks as shrinking drilling costs outweighed concern about sliding crude prices.