Black Stallion Oil & Gas, Inc. confirms that it will start to execute a detailed exploration program on the 12,233-acre Woodrow Prospect in Teton county, northwest Montana, within the Alberta Basin Bakken fairway.
After years of languishing in a shale-induced coma, the U.S. natural gas market is waking up.
Hess Corp., which sold off fueling stations and refineries to focus on production, reported its second consecutive quarterly loss as higher oil output failed to compensate for lower prices.
Lonestar Resources, Ltd. has announced the closing of a $100 million Joint Development Agreement (JDA) with IOG Capital.
Indian billionaire Mukesh Ambani’s Reliance Industries is weighing a sale of its U.S. shale gas investments, people with knowledge of the matter said.
Goodrich Petroleum Corp. has entered into a definitive agreement to sell its proved reserves and associated leasehold in the Eagle Ford shale in LaSalle and Frio Counties, Texas, for $118 million.
Saudi Basic Industries Corp., the world’s second-biggest chemicals manufacturer, plans to expand investment in U.S. shale gas projects through joint ventures, according to acting Chief Executive Officer Yousef al Benyan.
Self-suspending proppant increases oil and gas production by not harming the formation, according to a technical paper presented by Fairmount Santrol at URTeC.
Cuadrilla plans to appeal Lancashire County Council’s (LCC) Development Control Committee’s decisions last month to refuse planning consent for two applications for temporary shale gas exploration sites.
Crude oil slipped back into a bear market Thursday, disappointing U.S. shale drillers that pinned their hopes on higher prices.
ConocoPhillips ended talks with PetroChina Co. on a shale gas development in the country after a two-year study.
Perhaps the proper term to describe the manner in which operators, in shale and other unconventional plays, are handling low oil prices is “adaptation.”
GE and Statoil’s Sustainability Collaboration have announced five winners of its inaugural Open Innovation Challenge that focused on addressing the use of sand in unconventional operations.
The stockholders of Rosetta Resources have overwhelmingly approved the merger of Rosetta into a subsidiary of Noble Energy.
Weatherford International announced the commercial release of its Revolution rotary-steerable system (RSS) at the Unconventional Resources Technology Conference (URTeC) on Tuesday.
Halcon Resources Corp. almost ran into trouble with its banks in June 2013. And again in March 2014. And in February 2015.
Energy producers are abandoning the search for oil and natural gas close to shore in the U.S. Gulf of Mexico as drilling budgets shrink and exploration migrates to land-based shale fields.
The oil guru who predicted last year’s rout said $100/bbl crude is likely to return within five years as faltering supply fails to meet demand.
Halliburton Co.’s profit tumbled in the last quarter after a yearlong crude-market crash forced customers to slam the brakes on oilfield work.
Eight months into OPEC’s plan to hit rival oil producers, the casualties are mounting. Surprisingly, the most resilient may be the one that triggered the fight: the U.S.