Shale ///

Lagoon Water Midstream enters Permian with Double Drop Resources acquisition

Lagoon Water Midstream has closed on the acquisition of Double Drop Resources, a water management company located in the Permian basin.

Key Energy Services exits fluid management business with asset sale

Key Energy Services, Inc. announced the sale of substantially all of its Texas and New Mexico fluid management and saltwater disposal well assets for cash and the assumption by the buyer of the related asset retirement obligations.

Shell to sell Permian basin assets to ConocoPhillips for $9.5 billion

ConocoPhillips agreed to acquire Royal Dutch Shell Plc’s Permian Basin assets for $9.5 billion in cash, accelerating the consolidation of the largest U.S. oil patch.

Oilfield Helping Hands launches new Haynesville chapter

Oilfield Helping Hands, a non-profit organization helping oilfield families in financial crisis due to no fault of their own, has opened a Haynesville Chapter, to include East Texas and Northwest Louisiana.

EIA reports sharp decline in drilled but uncompleted shale well count

The decline in DUCs in most major U.S. onshore oil-producing regions, especially in the Permian region, reflects more well completions and, at the same time, less new well drilling activity.

Texas drilling permits and completions show mixed performance in August

According to figures released September 3rd by the Railroad Commission of Texas, the state’s drilling permits issued fell to their lowest level since May, while new drills hit their highest total since March.

Westwood projects slow recovery for land rigs after 2020 downturn

While a recovery is anticipated year-on-year through 2025, it is expected to be gradual and characterized by operator caution as they navigate several important considerations - pace of global demand recovery, the energy transition, and geopolitics.

Shale natural gas production in the Appalachian Basin sets records in first half of 2021

Dry natural gas production from shale formations in the Appalachian Basin that spans Pennsylvania, West Virginia, and Ohio has been growing since 2008, and monthly production has recently set new record highs.

NOV Orange Crush frac pump valve offers prolonged life of valve and seat, prevents scheduled maintenance slowdown

NOV’s new Orange Crush frac pump valve gives users the confidence to lengthen vale and seat maintenance intervals, resulting in a positive effect on a business’s bottom line.

ChampionX introduces harmonic mitigation solution for unconventional wells

ChampionX announced that UNBRIDLED ESP Systems has introduced the SMARTEN PurePower Pro harmonic halter, a simple, cost-effective solution to effectively and efficiently manage harmonic distortion on local power grids throughout the life of unconventional oil wells.

Vaccine push spreads to Permian operators, with hefty incentives attached

Amid surging caseloads that are stressing medical facilities in West Texas, Pioneer Natural Resources Co. is offering employees a one-time vaccine incentive of $1,000, the company said in an email. Devon Energy Corp. is offering $500 to workers that show proof they took the jab by Oct. 15.

ConocoPhillips puts its Williston basin assets on the market

ConocoPhillips is marketing its Williston Basin oil assets for a potential sale, according to people with knowledge of the matter.

Schlumberger introduces autonomous directional drilling

Leveraging an intelligent and dynamic downhole automated control system that instantly interprets and acts on data, Schlumberger continues to advance its digital offering enhancing well construction performance.

Biden to restart oil lease sales while appealing June court order

The Biden administration is appealing a federal judge’s ruling against its oil leasing moratorium, while promising to resume offering new leases on U.S. lands and waters.

Chesapeake Energy acquires Vine Energy in $2.2 billion deal

Chesapeake has agreed to acquire Vine, an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana.

Shale drillers leveraging $42B in new bonds to retire costlier debt

America's shale producers are continuing to the line on production, boosting investor returns and are now attracting the lowest bond yields they’ve ever seen. Instead of using cheap credit to boom once again, they’re using it to retire costlier debt.

Biden’s infrastructure plan to boost Permian shale drillers and local economies

A coalition of energy companies, along with state and local partners, plans to spend $844 million on roads, education, workforce development, housing, broadband and health care in the region, according to the Permian Strategic Partnership, which assembled the group.

Are shale drillers too focused on debt reduction?

Shale drillers are showing so much financial self-discipline that next year’s oil-production forecasts may be in peril, according to Tudor, Pickering, Holt & Co.

Texas oil regulator proposes tax credits for natural gas infrastructure

The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of Texas’s top oil and gas regulators.

Callon Petroleum’s Primexx acquisition sends its shares lower

Callon Petroleum Co. failed to win over investors Wednesday after announcing its biggest-ever acquisition to bulk up in America’s most prolific shale patch.