U.S. Onshore ///

API: Improved endangered species rules will ensure habitat conservation, species protection

API says the streamlining of these regulations will ensure that public-private projects can further promote the conservation of habitat and protection of endangered species, while focusing resources on environmental improvements across the country.

Texas regulator shifts stance as gas flaring hits record

A split vote by Texas regulators over the flaring of natural gas indicates the controversial practice may be curtailed.

Establishing tertiary EOR operations in unconventional plays

Gary Covatch, Joseph Renk, National Energy Technology Laboratory, U.S. Department of Energy

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.

Eagle Ford/Austin Chalk Shales: High returns fail to stave off summer retreat

Jim Redden, Contributing Editor

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.

Continental Resources loses $15 billion in market capitalization

Lack of investor returns causes Continental shed $15 billion in market cap since October.

U.S. Democratic candidates demonize oil industry

Bernie Sanders says the industry is a criminal enterprise. Joe Biden is vowing to take action against it.

Hexion announces in-basin resin coating partnership with Black Mountain Sand

The Oilfield Technology Group (OTG) of Hexion and Black Mountain Sand today announced their partnership created to provide in-basin production of resin-coated proppants.

Concho stock plummets 22% casting cloud over Permian

Stock closes at $75.97 for its largest one-day drop since 2008, wiping out $4.4 billion of market value.

Whiting shares drop, cuts staff and output target

Whiting shares dropped 23% on Thursday after it fired one-third of its workforce, scaled back its production target and posted quarterly loss.

Industry economist sees “headwinds” inhibiting U.S., Texas upstream expansion during 2H-2019

Several factors will combine to make it difficult for U.S. and Texas E&P activity to grow during the last six months of 2019, said Karr Ingham, economist for the producers’ association, Texas Alliance of Energy Producers.

EIA: U.S. LNG exports to Europe increase amid declining demand, spot LNG prices in Asia

U.S. exports of LNG have been growing steadily and reached a new peak of 4.7 Bcfd in May 2019, according to the latest data published by the U.S. Department of Energy’s Office of Fossil Energy.

McKinsey report sees U.S. gas reach below $3/MMbtu in the next ten years

Latest McKinsey Energy Insights report reveals US gas economics will reach below $3/MMbtu in the next ten years due to ample supply, which will support North American gas exports and unlock further demand growth domestically.

Blackstone considers sale of Cheniere stake

Blackstone Group is considering selling its stake in Cheniere Energy Partners, according to people familiar with the matter, seven years after agreeing to invest about $1.5 billion in the owner of the first major liquefied natural gas export terminal in the U.S.

Faster Permian decline rates demand new investment, M&A strategies

Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity.

Halliburton cutting frac jobs, equipment in U.S. and Canada

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by shelving unused frac gear and cutting jobs in North America.

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.

U.S. oil lets top Korean refiner pivot away from Middle East

South Korea’s biggest oil refiner is looking to buy a wider variety of U.S. crude grades to reduce its reliance on Middle East supply.

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.