Shale ///
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together, according to a Houston-based investment bank.
The initial 15% oil price jump resulting from the attacks in Saudi Arabia will not have any impact on the trajectory of 2019 U.S. shale production, IHS Markit says.
U.S. natural gas may be the loser as surging oil prices prompt fracers to step up production from shale fields, according to Goldman Sachs.
American shale producers, one of the worst-performing segments on the stock market this year, jumped Monday morning after an attack on a Saudi Arabia oil production facility over the weekend sent crude prices soaring.
The International Energy Agency released its latest in-depth review of US energy policies on Friday, welcoming US leadership on innovation and highlighting the far-reaching impact of the country’s shale revolution.
Mark Patton, Hydrozonix
The power of water
Senator Joe Manchin, U.S. Senate
The time has come for an Appalachian Storage Hub
Kurt Abraham, World Oil
Another mixed outlook awaits the E&P sector
“Blockchain is a promising instrument for industry collaboration in oil & gas benefiting all connected parties. This pilot with Data Gumbo is a significant step towards our goal of proving non-manned volume validations can trigger automated payments to vendors,” said Rebecca Hofmann, chairman of the OOC Oil & Gas Blockchain Consortium.
Investors backing closely-held Cuadrilla Resources, which pioneered UK shale gas drilling before becoming mired in red tape, are exploring options including an outright sale of the company.
The EIA reports that natural gas spot prices at the Waha hub in western Texas, located near Permian basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019. This price increase coincides with the 2 Bcfd Gulf Coast Express Pipeline (GCX) preparing to enter service.
Lasser owns, maintains and licenses a nationwide U.S. well production database. The data will be added to TGS’ current Well Performance Database and provides TGS clients access to previously unavailable historical production data.
"We continue to make great strides on the Freeport LNG project with the shipping of the first cargo from Train 1, which is a major milestone for the joint venture project team," said Mark Coscio, McDermott's senior vice president for North, Central and South America.
A bloodbath in energy stocks is creating a rich opportunity for Big Oil to dominate America’s hottest shale play. Exxon Mobil’s chief said Wednesday his company is keeping a “watchful eye” on the Permian for potential deals.
Concho Resources today announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners for $925 million.
BP has closed one chapter in its U.S. business, exiting Alaska decades after transforming the state into an oil powerhouse. Now it’s time for a new phase in the company’s American story.
PDC Energy and SRC Energy announced a definitive merger agreement under which PDC will acquire SRC in an all-stock transaction valued at approximately $1.7 billion.
Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production activities, closed at $1.55/MMBtu on August 15, the highest price since March 2019. This price increase coincides with the 2 Bcfd Gulf Coast Express Pipeline (GCX) preparing to enter service.
After years pouring funds into the shale boom, bond buyers are getting increasingly selective as defaults rise and many explorers continue to burn more cash than they make.
The company announced a $100 million equity commitment to pursue a new upstream strategy, designed to provide both capital and an execution team to help producers accelerate value on undeveloped acreage in highly-proven resource plays across North America.