U.S. Onshore ///

Trade war escalation could slow U.S. LNG expansion

U.S. gas is under threat as a trade war with China escalates.

Matador revealed as mystery buyer in record Permian auction

Matador Resources was the anonymous purchaser of drilling rights in the Permian that fetched a record $95,001/acre.

Trump takes assault on Obama climate rules on oil wells

The Trump administration has proposed relaxing Obama-era mandates meant to limit methane leaks from oil wells as part of a broader assault on federal regulations designed to combat climate change.

PetroChina inks its biggest Qatar LNG deal as U.S. trade at risk

PetroChina signed a deal with Qatargas Operating to purchase 3.4 MM tons of LNG annually, the Chinese company’s biggest supply deal.

Haynesville natural gas production is increasing, EIA says

In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.4 Bcfd, accounting for 8.5% of total U.S. dry natural gas production and the highest production from this region since September 2012.

Permian oil auction gets record $1 billion as bidding soars

The price to access unexplored shale assets on the New Mexico side of the Permian basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field.

Southwestern Energy to sell Fayetteville shale business for $1.865 billion

Southwestern Energy Company has announced that it has entered into a definitive agreement with Flywheel Energy, LLC, a private company backed by Kayne Private Energy Income Funds, to sell its Fayetteville Shale E&P and related midstream gathering assets for $1.865 billion in cash, subject to adjustments and customary closing conditions.

Anadarko Petroleum shuts-in GOM production as storm approaches

Oil traded near $71/bbl in New York as Tropical Storm Gordon forces evacuations at fields along the U.S. Gulf Coast and threatens supply.

Reabold announces commercial discovery in California's West Brentwood area

Reabold, the oil and gas investing company, has announced that Integrity Management Solutions, contract operator of the company's California investments, has informed the company of a commercial hydrocarbon discovery at the Venturini-Ginochio #3 (VG-3) well within the West Brentwood license area.

TransCanada's shale gas pipe cost jumps by $1 billion

TransCanada Corp. won a 49% price increase for space on the pipeline it’s building to haul shale gas from Appalachian fields as labor shortages and escalating land prices pushed construction costs almost $1 billion higher.

Drowning in dirty water, Permian seeks $22-billion lifeline

In West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it.

Exxon to seek wind, solar power delivery in Texas

Exxon Mobil has been looking to buy renewable energy for delivery in Texas.

Crude holds above $68 as U.S. rigs drop at fastest pace since 2016

Oil held above $68/bbl on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the U.S. and Mexico.

Fairfield Geotechnologies embarks on Quail Ridge East survey

Fairfield Geotechnologies announces its newest multi-client project in Lea County, New Mexico. Quail Ridge East is one of three ongoing surveys that extends Fairfield Geotechnologies’ data portfolio in the northern Delaware basin.

Colorado’s bid to block drilling activity muddies political lines

Colorado’s Democratic candidate for governor once bankrolled efforts to restrict fracing. Now, he’s working hard to reassure the state’s oil explorers that he’s on their side.

U.S. Energy Corp. announces MOU to acquire Bakken assets

U.S. Energy Corp. has announced that it has entered into an exclusive non-binding Memorandum of Understanding to acquire oil and natural gas producing properties targeting the Bakken formation of North Dakota.

After success of first Osage formation test well, Jericho continues drilling momentum

Jericho Oil Corporation announces that its Oklahoma STACK Joint Venture (JV) will commence this week with the drilling of its second Osage formation well, the Trebuchet 21-23N-10W #1H, within its northern STACK acreage position further delineating the nearly 16,000 net STACK acres.

Magnolia Oil & Gas acquires majority of Harvest Oil & Gas' South Texas assets

Magnolia Oil & Gas Corporation has announced that it has agreed to acquire substantially all of the South Texas assets of Harvest Oil & Gas Corp. for approximately $135 million in cash.

Halliburton automates hydraulic fracturing with first-of-its-kind service

Halliburton Company today unveiled Prodigi AB Service, a first-of-its-kind offering that introduces automation to hydraulic fracturing. By automating the breakdown process of a fracturing treatment, Prodigi AB Service helps deliver better well performance.

U.S. to release 11 MMbbl of crude from strategic stockpile

The U.S. plans to release 11 MMbbl from its 660-MMbbl emergency stockpile, just as American sanctions on Iranian oil exports kick in.