Shale ///

Oil drillers bet choking wells will keep shale from going bust

Encana Corp. wants to ensure the shale-oil boom keeps booming. The Canadian producer is among a growing number of companies that are restricting initial output—a process known as choking back—in basins from North Dakota to Texas.

U.S. is net oil exporter to Mexico for first time in two decades

The U.S. became a net oil exporter to Mexico for the first time in more than 20 years as output from shale fields pushed the world’s biggest consumer toward energy independence.

America’s oil output refuses to collapse. Here’s one reason why.

Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas’s sprawling Eagle Ford shale formation, Brett Pennington is carrying out a little experiment.

Shale gas development in China aided by government investment and decreasing well cost

Decreases in the cost to drill shale gas wells and continued investment into domestic production have allowed China to increase its development of shale gas.

ATCE '15: MicroSeismic predicts reservoir drainage, early production

MicroSeismic announced Tuesday that field tests conducted this year for several key operators in North America have successfully calculated reservoir drainage volume and provided early estimates of production, enabled by the newest developments in MicroSeismic’s PermIndex workflow.

ATCE '15: Baker Hughes introduces industry’s first completely disintegrating frac plug

HOUSTON -- Baker Hughes announced the commercial release of its SPECTRE frac plug, the first in the industry to completely disintegrate downhole after fracturing, at ATCE 2015 on Monday.

U.S. will be net exporter of natural gas by 2017, report says

The United States' natural gas demand is currently growing at the fastest pace since the early 1970s, and demand growth has now supplanted supply growth as the cornerstone for the outlook of the U.S. natural gas industry over the next five years, according to a new CoBank research report.

Enterprise starts service on Rancho II pipeline

Enterprise Products Partners has started service on its Rancho II pipeline between Sealy, Texas, and the partnership’s ECHO terminal in southeast Houston. The 88-mile, 36-in. diameter pipeline will transport various grades of crude oil, condensate and processed condensate from the Permian basin and the Eagle Ford shale.

Alta Mesa announces sale of Alta Mesa Eagle, LLC

Alta Mesa Holdings has entered into an agreement to sell its subsidiary, Alta Mesa Eagle, which owns certain oil and gas producing properties in the Eagle Ford shale area and other assets, to EnerVest and its affiliates, for a total price of $125 million.

Gas bears rattled by shrinking shale cut bets to six-month low

Speculators cut bearish bets on natural gas to a six-month low after late-breaking summer heat stoked demand for the power-plant fuel and as shale supplies start to slide.

Exxon said to be on the hunt for shale bargains in West Texas

Exxon Mobil Corp. is adjusting the way it structures shale acquisitions as the global energy giant expands in West Texas, the largest U.S. oil-producing region.

An Oklahoma of oil at risk as debt shackles U.S. shale drillers

As much as 400,000 bpd of oil production is at risk as U.S. shale companies like Samson Resources Co. run out of money and are forced to slow drilling.

OPEC assumes oil price will recover gradually to $80 in 2020

OPEC is assuming the oil price will rise gradually to $80/bbl in 2020 as supply growth outside the group weakens, a slower recovery than several member nations have said they need.

UK shale gas could aid transition to low carbon future, report says

The UK’s Task Force on Shale Gas has released its third report looking at how the development of a UK shale industry would affect the island nation’s overall climate impact.

America's shale gas supply caught in its longest-ever decline

Natural gas production from the seven largest U.S. shale deposits will drop for a fourth straight month in October.

Shale drillers pump more oil from each well as rigs mean less

Shale producers have learned to do more with less.

OPEC trims 2016 estimates for rival supplies as U.S. oil suffers

OPEC trimmed estimates for supplies from outside the group in 2016 as the slump in prices takes its toll on the U.S. shale-oil industry.

IEA sees U.S. shale oil output shrinking in 2016 on price slump

U.S. shale oil production will drop 9% next year as a crude price below $50/bbl “slams brakes” on years of supply growth, the International Energy Agency said.

Shale drillers turn to asset sales as early swagger wanes

A renewed plunge in oil prices and the winding down of other financial lifelines is forcing shale drillers to auction off once-prized assets and settle for less in potential deals.

CARBO idles proppant facility as downturn dampers demand

CARBO Ceramics announced Wednesday that it will idle its proppant manufacturing facility in Millen, Georgia, due to reduced industry activity levels.