Shale ///

Shale bond buyers get picky as more producers default

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.

Indianola Energy upstream strategy earns $100 million equity commitment

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.

Frac companies get fresh hope UK government will loosen rules

A change of British government has given the much-maligned fracing industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves.

API: Improved endangered species rules will ensure habitat conservation, species protection

API says the streamlining of these regulations will ensure that public-private projects can further promote the conservation of habitat and protection of endangered species, while focusing resources on environmental improvements across the country.

McDermott awarded Gulf coast PDH project FEED contract

McDermott International announced it has been awarded a sizeable contract by PetroLogistics ll to perform the front-end engineering design services for a propane dehydrogenation (PDH) facility planned for the U.S. Gulf Coast.

Western Midstream names new leadership to “grow alongside Occidental” following acquisition

"Occidental sees great value and opportunity in the excellent Western Midstream asset base and is committed to value-enhancing opportunities for both companies," said Vicki Hollub, president and CEO of Occidental.

Texas regulator shifts stance as gas flaring hits record

A split vote by Texas regulators over the flaring of natural gas indicates the controversial practice may be curtailed.

Establishing tertiary EOR operations in unconventional plays

Gary Covatch, Joseph Renk, National Energy Technology Laboratory, U.S. Department of Energy

Two federally-funded projects in the Bakken and Eagle Ford shales strive to improve recovery efficiency in unconventional plays while accelerating their development and generating high-quality data.

Eagle Ford/Austin Chalk Shales: High returns fail to stave off summer retreat

Jim Redden, Contributing Editor

The caliche roads cutting through the blackbrush and mesquite of the South Texas brush country are a bit less congested of late, as Eagle Ford drilling and completion activity dips in what is ranked among the most profitable of the unconventional plays.

A Coupling to Boost Well Efficiency

Carolyn Curran, Diane Nielsen, William Nielsen, Richard Cash, Materion Corporation, USA, explain how an advanced sucker rod coupling is optimizing every aspect of rod lift well efficiency and productivity.

As shale drillers stumble, Big Oil says it can do Permian better

Exxon Mobil and Chevron aren’t fazed by the drilling mistakes and funding hurdles smaller shale producers are running into in the Permian basin.

Hexion announces in-basin resin coating partnership with Black Mountain Sand

The Oilfield Technology Group (OTG) of Hexion and Black Mountain Sand today announced their partnership created to provide in-basin production of resin-coated proppants.

Lagoon Water Solutions buys recycling facility from Continental Resources

Water midstream provider Lagoon Water Solutions closed on an $85 million purchase of Continental's eastern STACK water recycling facility, gathering system and three related disposal wells in Blaine County, Oklahoma.

Concho stock plummets 22% casting cloud over Permian

Stock closes at $75.97 for its largest one-day drop since 2008, wiping out $4.4 billion of market value.

Guyana, Bakken bets are paying off for Hess

Focusing on offshore Guyana and Bakken shale opportunities is paying off for Hess, who foresee significant production expansion in the coming years.

Industry economist sees “headwinds” inhibiting U.S., Texas upstream expansion during 2H-2019

Several factors will combine to make it difficult for U.S. and Texas E&P activity to grow during the last six months of 2019, said Karr Ingham, economist for the producers’ association, Texas Alliance of Energy Producers.

Oxy and Ecopetrol form 97,000-acre Permian Basin development JV

Occidental and Ecopetrol entered into definitive agreements to form a joint venture to develop 97,000 net acres of Occidental’s Midland Basin properties in the Permian Basin.

Osaka Gas acquires Sabine Oil & Gas in Japan’s first foray into U.S. shale gas

Osaka Gas has entered into a definitive agreement with Sabine Oil & Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil & Gas Corporation, which produces shale gas in the amount of 210 MMcfed.

Permian needs $9-billion worth of new wells – but not for crude, says analyst

As much as $9-billion will be needed over the next decade to dispose of produced water in the world’s busiest shale field, according to Raymond James & Associates Inc.

EIA: U.S. LNG exports to Europe increase amid declining demand, spot LNG prices in Asia

U.S. exports of LNG have been growing steadily and reached a new peak of 4.7 Bcfd in May 2019, according to the latest data published by the U.S. Department of Energy’s Office of Fossil Energy.