Shale ///

Operators add seven oil rigs for fifth week of expansion

Operators in the U.S. added seven oil-directed rigs this week, according to the latest data from Baker Hughes.

Cheniere moves to streamline with $1-billion deal for unit

Cheniere Energy Inc. is offering about $1 billion for the 20% of Cheniere Energy Partners LP Holdings LLC it doesn’t already own in a stock swap as it moves to streamline its corporate structure.

OPEC ‘capitulation’ leaves challenges for U.S. shale drillers

OPEC finally blinked in its two-year price war with U.S. oil producers. Whether that translates into a financial victory for the American shale industry remains to be seen.

Packers Plus increases stimulation efficiency and reservoir coverage in the Montney formation

Packers Plus Energy Services developed a unique completion design that helped to significantly increase stage counts and pump rates to stimulate more pay zone over previous wells for an operator in British Columbia's Montney formation.

KKR, Venado Oil and Gas form Eagle Ford partnership

KKR and Venado Oil and Gas are partnering to consolidate proven assets in the Eagle Ford shale of South Texas.

Shale revival seen taking hold as oil price recovers

The biggest reboot of U.S. oil and gas rigs in two years will gain traction as higher prices prompt producers to resume investment in the most profitable plays, according to a report by Platts RigData.

South America becomes home for U.S. shale gas amid rising demand

U.S. liquefied natural gas was supposed to go mainly to Asia and Europe, lured by prices as much as four times higher than those at home. So far, South America has been the destination of choice.

How actual nuts and bolts are bringing down oil prices

Last spring, Statoil announced it had used the same oil well design and components to drill three reservoirs for the price of one.

Rice Energy expands in Marcellus with $2.7-billion Vantage Energy buy

Rice Energy has entered into a purchase and sale agreement to acquire Vantage Energy, LLC and Vantage Energy II, LLC for approximately $2.7 billion, including the assumption of debt.

UK’s Labour Party would ban fracing, spokesman says

The UK opposition Labour Party would ban hydraulic fracturing for shale gas if it wins the next general election, according to its energy spokesman Barry Gardiner.

Saudi Aramco sees oil demand ‘steady’ as supply growth slows

Slower growth in oil supply is helping the crude market to re-balance, and prices are set to increase over time, according to the head of the world’s biggest producer.

EIA: Hydrocarbon production in the Utica play increasingly targets natural gas-rich areas

Production of oil and natural gas in the Appalachian basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012.

Analyst touts industry’s cost reductions in U.S. shale plays

Recent analysis and statistical research have shown that break-even prices for oil production in the major U.S. shale plays have fallen, on average, at least $30/bbl for WTI.

Top Permian oil producer says rig counts in the region are going to soar

The biggest player in the Permian basin, America's most coveted oil field, thinks rig counts in the region are poised for explosive growth.

YPF sees Argentina reforms drawing billions in shale investments

Argentina’s biggest oil company sees the government removing production subsidies by the end of 2017, a step that may help lure investment as President Mauricio Macri tries to sell his vision of a more competitive economy.

Endeavor Management announces shale completion best practices JIP

Endeavor Management has opened participation in its latest joint industry project (JIP)—Best Practices for Shale Completion Operations.

Encana to sell 107 million shares to fund drilling, repay debt

Encana Corp., the Canadian oil and natural gas producer, plans to sell 107 million shares to fund part of its 2017 budget and repay debt.

Stacked oil and gas make Permian deals costly in spite of rout

Oil prices are depressed, but Texas shale has never been more valuable.

Sound Energy reaches final casing point at Morocco's Tendrara

Sound Energy, the European and African focused upstream company, has announced that the second Tendrara well has now been drilled to the third and final casing point at an MD of 2,623 m and that operations have started to set and cement the 7-in. liner in the TAGI-I shale formation.

RockPile Energy Services targets Bakken workovers with AWS acquisition

RockPile Energy Services, a portfolio company of White Deer Energy, has acquired American Well Service (AWS), a Kenmare, North Dakota-based workover rig company.