U.S. Onshore ///

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.

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.

Callon to acquire Carrizo in $3.2-billion stock transaction

Callon and Carrizo O&G have approved an agreement where Callon will acquire Carrizo in an all-stock transaction valued at $3.2 billion.

Cracks in Permian promise slowing shale boom

The promise of the Permian is shrinking.

Activists take control of EQT board in proxy fight

The activist investors at EQT Corp are poised to take control of the largest U.S. natural gas producer’s board.

World of oil and gas

Emily Querubin, World Oil

Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin.

Bakken shale remains North Dakota’s growth engine

Staff, Energy Web Atlas; Staff, World Oil

As the play’s oil production continues to advance, several pipeline projects may help to make the transportation of that crude easier.

Colorado and New Mexico officials rescind the welcome mat for oil and gas

David Blackmon, Contributing Editor

Elected officials are doing their best to kill off the golden goose in two states that have benefitted mightily from the shale revolution.

What’s going on down there?

Oscar Vasquez, Sam Young, Deep Imaging

Use of electromagnetic monitoring to image unconventional wells in shales can identify problems with well isolation and frac design.

Rice brothers lead showdown with U.S. natural gas giant

The nine-month battle for control of America’s largest natural gas producer has come down to a choice: The old guard, or the “shalennials.”

Developer of oil, gas data services takes over operation of frac data sharing system

PDS Energy Information (PDS), a provider of secure data transfer exchange services for oil & gas drilling, completion, and production data, has announced that it has assumed commercial operation of the Frac Interference Exchange (FracX), a reciprocal data sharing network previously developed and operated by one of the largest operators in the Permian basin to coordinate hydraulic fracturing activity among producers.

Wood Mac: Growth in the Permian may spur fresh wave of infrastructure spending

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 bpd by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.

Shale drilling slips back to one-year low as oil rally falters

American oil explorers cut back on the number of drilling rigs this week, matching a one-year low reached last month, as crude’s rally falters amid growing concerns over demand.

Foothills Exploration acquires additional gas wells, acreage in Montana

Foothills Exploration, Inc., an independent oil and gas exploration company engaged in acquiring and developing oil and natural gas properties in the Rockies, has announced that it plans to acquire natural gas wells and acreage for production and development in Stillwater and Golden Valley counties, Montana.

Five years after crude’s collapse, shale patch still struggles

It’s been five years since crude hit a low of $26/bbl. While prices have recovered some of the lost ground, shale producers are still feeling the pain.

API Ohio: New Sub HB 6 disappointing, Senate should reconsider new energy policy

API Ohio released a statement on the Senate Energy & Public Utility Committee’s new Substitute House Bill 6 (Sub HB 6).