Haynesville ///

Distressed oil drillers find major analysts dropping stock guidance

The smallest shale oil drillers have endured their fair share of pain in this spring’s energy collapse and, with ailing stock prices, analysts are finding it even tougher to cover the group.

Shale rout drives working rigs to lowest count since 2009

Shale explorers extended their retreat into a 10th week, dropping the number of oil rigs at work in the U.S. to the lowest since 2009 as some struggle to stay afloat.

Oil at $30 may be enough to revive shale activity, say drillers

A pair of prominent shale producers said all they need is oil around $30 a barrel to consider bringing back curtailed crude output and fracing new wells.

Challenge lies in choosing which wells to shut in amid the oil downturn

Shutting an oil well in 2020 is relatively easy, and can even be done with a few taps on an iPhone in some cases. Figuring out which to shut, and for how long, is the hard part.

Shell sells Appalachia shale gas assets for $541 million

The transaction includes the transfer of ~450,000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities.

Shale slowdown may take 2 MMbpd of U.S. crude off the market

It’s too soon to tell how long the reductions will last, but if implemented for a full year, they would overshadow any previous American production slide going back to at least 1984.

BJ Services and Atheon ink contract for next-gen gas fueled frac fleet

BJ Services has entered into a multi-year contract with Aethon Energy for the deployment of the Company's first TITAN next-generation fracturing fleet in the Haynesville shale.

Cowboys owner Jerry Jones says he’s hunting for more Haynesville assets

Dallas Cowboys owner Jerry Jones is doubling down on a forlorn corner of the U.S. shale patch, calling Louisiana’s Haynesville play the best for low-cost hydrocarbons and saying he’s hunting for more acreage there.

Wall Street loses faith as Chesapeake stock falls to 20-year low

Chesapeake Energy Corp. collapsed to a 20-year low Wednesday, one day after the shale gas driller warned it may not be able to outlast low fuel prices and issued a “going concern” notice.

Trump highlights benefits of shale to U.S. economy and the environment

The Trump administration showed support for energy innovation in the United States this week, issuing a report that directly outlines how U.S. shale production is positively impacting both the economy and the environment.

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 & Gas in Japan’s first foray into U.S. shale gas

Osaka Gas has entered into a definitive agreement with Sabine Oil & Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil & Gas Corporation, which produces shale gas in the amount of 210 MMcfed.

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.