Shale ///

Permian ‘child’ wells may cut oil recovery up to 20%, bank says

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 U.S. shale response to Saudi attacks? Not much, says IHS Markit

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.

Natural gas may lose as oil surges, Goldman analysts say

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.

Shale producers’ stocks surge as crude oil spikes

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 US shale revolution has reshaped the energy landscape at home and abroad, according to latest IEA policy review

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.

Water management

Mark Patton, Hydrozonix

The power of water

Executive viewpoint

Senator Joe Manchin, U.S. Senate

The time has come for an Appalachian Storage Hub

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

Consortium of oil & gas operators awards blockchain pilot contract

“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.

UK shale gas driller mulling sale due to fracing challenges

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.

Permian basin natural gas prices up as a new pipeline nears completion

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.

TGS enhances production data offering with Lasser acquisition

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.

First cargo from Freeport LNG Train 1 for McDermott, Chiyoda and Zachary Group

"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.

Big Oil gathers Permian riches as shale stocks collapse

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 sells its New Mexico Shelf assets for $925 million

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 focuses on deepwater, shale in historic shift south from Alaska

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, SRC Energy combine in $1.7 billion all-stock transaction

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.

Permian basin prices up as Gulf Coast Express Pipeline nears completion

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.

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.