Shale ///

Energy Workforce CEO says potential EPA action in the Permian would increase energy prices

Energy Workforce & Technology Council's CEO said the EPA’s regulatory notice that it is considering designating parts of the Permian Basin as non-attainment zones which could trigger mandatory regulatory actions by the state of Texas would be detrimental to energy security.

Permian Basin facing new environmental rules that could curb drilling

The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico.

The Last Barrel: The fabulous Permian basin

Craig Fleming

Early oil and gas developers considered the Permian basin a graveyard. However, this changed in 1923, and set off a series of major oil and gas discoveries that ultimately led to the development of greater Permian basin.

Reducing GHG emissions, increasing production for plunger lift applications in the Marcellus shale

Michael Yoho, Chris Robart, Liz Karam

Marcellus shale gas wells are often challenged by increasing liquid loading frequency, yielding decreased production, reduced workforce efficiency, and increased GHG emissions, due to required well interventions. Leveraging data-driven, cloud-based plunger lift optimization, CNX Resources increased gas production and reduced GHG emissions.

URTeC 2022: Operators look for new ways to increase output from existing shale wells

In an effort that has been underway for several years and is now set against a backdrop of triple-digit oil prices, oil and gas companies are continuing attempts to devise new methods of increasing production from existing unconventional wells.

Targa to buy Permian gas processor Lucid Energy Delaware for $3.55 billion

Targa Resources Corp. has agreed to buy Permian natural gas processor Lucid Energy Delaware LLC from Riverstone Holdings LLC and Goldman Sachs Asset Management for $3.55 billion in cash.

Oil producer Sabinal Energy divvying up Permian assets for possible sale

Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up roughly 132,000 net acres in the Permian Basin for a sale of the company that could fetch more than $1 billion.

Eagle Ford gas driller Laredo Energy VI explores sale worth up to $1 billion

The owners of Laredo Energy VI LP, a gas driller focused in the Eagle Ford Shale in South Texas, are considering a sale of the company worth up to $1 billion, according to people with knowledge of the situation.

Permian oil producers about to slow despite $100 crude

Even with crude above $100 a barrel, producers in the Permian and other U.S. shale basins are riding the brakes.

Executive Viewpoint: Simplified frac-iron system exemplifies efficiency trends

Bryan Wagner

Operators continue to look for field solutions that bring greater efficiencies and cost-savings. With these concerns top of mind, we recently introduced our more streamlined SPM™ Simplified Frac Iron System.

Permian producer Centennial to buy Colgate for $2.5 billion

Centennial Resource Development Inc., a shale oil producer in the Permian Basin, agreed to acquire private equity-backed rival Colgate Energy in a cash-and-stock deal valued at about $2.5 billion.

Shale jobs won't top pre-pandemic levels until 2027

The recovery of the shale patch workforce is still years in the making despite the frothy profits that rallying crude prices are generating for U.S. oil companies and their contractors.

WBM provides clean solutions, time and money savings in head-to-head tests against NAF

Michael S. Davis, Travis Vordick

A high-performance WBM, with an innovative polymer chemistry, is exceeding operator expectations in reducing operational time and expense, compared to NAF.

U.S. oil output slips as higher costs hit drillers

Weekly U.S. crude oil production declined for the first time in three months, signaling that soaring costs across the oil fields may be preventing drillers from expanding output.

Texas drilling permits and completions up substantially in April 2022

The number of original drilling permits issued by the Railroad Commission of Texas in April 2022 rose 29% to 946, compared to the year-ago figure of 732.

Drilling for shale oil is getting more expensive at the worst possible time

Inflation in the oil sector is worsening and industry executives see no reason to expect cost pressures on everything from steel pipe to frac sand to ease any time soon.

U.S. shale’s cash bonanza is about to wipe out $300 billion loss

It may have taken an investor rebellion, a pandemic and a war in Europe, but U.S. shale oil and gas producers are now on the cusp of making back their losses from the last decade.

Devon launches its own mobile sand mine to cut fracing costs

Devon Energy Corp., one of the biggest oil explorers in the Permian Basin, is getting into the sand business to combat rising costs.

Shale giants dump oil hedges as losses spiral toward $42 billion

U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in a risky bet that prices stay high.

Shale explorers Diamondback, Devon boost payouts over production

Shale drillers Diamondback Energy, Devon Energy and Coterra Energy are boosting dividends while keeping oil output flat despite pleas from President Joe Biden to increase supplies and help take some the edge off of inflation.

Drilling rig prices are spiking in the U.S. shale patch

After driving up prices for everything from steel pipes to frac sand to labor, inflation has finally ensnared the centerpiece of oilfield equipment: the drilling rig.