Shale ///
David Blackmon, Contributing Editor
A stark reality faces the U.S. oil and gas industry in the 2020 elections
As the U.S. shale boom unfolded, the number of oil wells that were drilled but never opened for production steadily rose. Now, that figure has plunged by a surprising 10% in the newest sign yet of tough times for drillers.
U.S. oil output growth could decelerate by more than 50% next year as greater capital discipline cuts drilling rigs in America’s largest shale patch.
Gardner Denver Petroleum & Industrial Pumps has entered into a six-month field trial of its new Thunder 5000 HP Quintuplex pump, at STEP Energy Services in Alberta, Canada.
For two years in a row since 2018, Railroad Commission of Texas staff have set a historic record of taking just two days on average to process standard drilling permits, one day below the legislative requirement.
Texas Pacific Land Trust, a land bank that doesn’t produce oil, is one of the best ways for investors to gain exposure to the world’s largest shale field, according to Stifel Financial Corp.
This is the year when shale drillers are finally going to deliver solid returns to investors that have grown weary of the industry’s decade-long cash burn, the head of Parsley Energy said.
Occidental Petroleum began sweeping job cuts at multiple U.S. locations this week, including what a representative called voluntary reductions and outright layoffs, as the company seeks to reduce debt.
Blackbuck Resources LLC, a company focused on designing, building, and operating water infrastructure for the oil and gas industry, has expanded its executive management team to support growth initiatives across its Midland and Delaware basin platforms.
Nissan Chemical America Corporation has partnered with industrial gas supplier, Messer Americas, to improve oil and gas production.
Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already spurring midstream rate cuts and could mean cutthroat competition ahead.
Jim Redden, Contributing Editor
A "cowboy" bucks headwinds, beefs up gas holdings
After an abysmal 2019 for U.S. energy mergers and acquisitions, investors are signaling to oil executives and investment bankers that the days of high-premium deals are over.
The contraction of the oil and gas industry in and around Texas continued in the fourth quarter as shale producers cut back on spending and jobs, the latest survey from the Federal Reserve Bank of Dallas showed.
America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns.
U.S. oil and gas producers have raised the least funds from share sales this year in over a decade, as investors lose their appetite for shale.
The study comes as presidential candidates and activist groups have called for a ban on hydraulic fracturing. Several major candidates have promised to pursue such a ban if elected, and the results would deliver a staggering blow to the economy.
Wildcatter and Continental Resources founder Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracing if elected.
Big Spring is the second of three facilities in Milestone’s previously announced 2019 construction program, and part of a broader goal to build the largest, most environmentally-conscious oilfield waste disposal network in the Permian basin.
Even as growth is set to slow next year in the Permian and elsewhere as drillers respond to investor demands for capital restraint, U.S. Energy Secretary Dan Brouillette said the shale boom has further to run.