Shale ///

Top oil service firms mull North America retreat as losses mount

Two of the three largest oil rig operators and fracers are considering pulling back from the North American market as losses mount.

Oil's recovery inches higher as fraclog awaits price trigger

Oil’s rebound from the lowest level in more than 12 years may face an abrupt halt as prices near a level that could trigger a wave of new U.S. shale production.

Pioneer Natural boosts full-year output target on shale gushers

Pioneer Natural Resources Co. lifted its 2016 production growth target without increasing spending because wells drilled in a West Texas shale field are pumping more crude than expected.

Weir Oil & Gas unveils next generation of valve & seat technology

Weir Oil & Gas has unveiled the new SPM 2.0 valve & seat for well stimulation pumps used in shale plays globally.

PetroQuest closes sale of majority of Woodford Shale assets

PetroQuest Energy, Inc., has announced the closing of the sale of the majority of its remaining Woodford Shale assets in East Hoss field for gross proceeds of $18 million, subject to purchase price adjustments between the effective date of April 1, 2016, and the closing date.

Cheniere's LNG set to reach Europe as U.S. shale gas goes global

Within a decade of revolutionizing domestic natural gas markets, U.S. shale will for the first time enter Europe, a region dominated by Russian and Norwegian supplies.

GEODynamics releases QuickStart Inject and Frac Valve

GEODynamics, Inc.’s Engineered Completion Solutions Division has completed extensive field testing of the QuickStart Inject and Frac Valve product line and is broadly releasing it to the global horizontal completion market immediately.

Goodrich Petroleum files for Chapter 11 for restructuring

Goodrich Petroleum Corp. filed for Chapter 11 in a U.S. bankruptcy court to implement a financial reorganization after struggling to restructure its debt amid declining energy prices.

IEA sees oil oversupply almost gone in second half on shale drop

Global oil markets will “move close to balance” in the second half of the year as lower prices take their toll on production outside OPEC, the International Energy Agency said.

ShaleTech: Canadian Shales

Jim Redden, Contributing Editor

A lot of pain, little gain seen in ‘16

FracFocus celebrates fifth anniversary

Five years ago, the Ground Water Protection Council and Interstate Oil and Gas Compact Commission partnered with a vision to provide the public a one-stop site to access information on chemicals used in hydraulic fracturing operations by location.

Oil rises to four-month high as U.S. shale production slides

Oil climbed to a four-month high in London as forecasts for lower U.S. shale production signaled the global oversupply will slowly diminish.

Chesapeake pledges assets to preserve $4 billion bank line

Chesapeake Energy Corp., the shale gas producer that’s been selling fields and buying back debt to cope with plunging fuel prices, pledged additional assets as collateral to maintain access to a $4 billion line of credit. The shares jumped almost 7%.

Drillers go rigless as price slump heralds austerity era

Natural gas producers are finally realizing that the age-old adage is true: If you find yourself in a hole, stop digging.

China's shale gas reserves jump five-fold as output lags

China boosted its recoverable shale gas reserves more than five-fold last year as the country missed its production target for the fuel.

Sanjel sells pressure pumping assets to Liberty, STEP

Sanjel Corporation is selling two separate North American pressure pumping providers, the company said Monday.

India is first Asian importer of U.S. shale gas

Gail India Ltd. bought the second shipment of liquefied natural gas from Cheniere Energy Inc.’s Sabine Pass plant in Louisiana in a deal that makes it the first Asian importer of U.S. shale gas.

Rig rout continues as drillers pull ten more oil rigs

The number of active oil rigs continued to fall this week as U.S. drillers pulled ten more rigs from the field, according to the latest data from Baker Hughes.

BP taking a bet on China's shale gas while Shell backs out

BP is seeking to hit it big in China’s shale gas fields where competitors including Royal Dutch Shell have struck out.

Sinopec to double natural gas output by 2020

China Petroleum & Chemical Corp., one of the country’s state-run energy giants, plans to ride a wave of new gas discoveries to double annual output to 40 Bcm by 2020, as the country pushes to replace coal with the cleaner fuel.