Shale ///

U.S. shale boom lowered trade deficit by $250 billion

The boom in U.S. oil and gas production over the past decade has exerted a moderating force on what is a large domestic merchandise trade deficit by helping reduce the country’s net petroleum imports, a new report by business information provider IHS Markit says.

Wood secures $53 million of contracts supporting ADNOC Onshore

Wood has been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC).

Global oil and gas leaders discuss evolving energy landscape

Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi on Sunday, for a high-level industry forum focused on the evolving dynamics of the energy landscape, and the opportunities for hydrocarbon-produced energy to support global growth, today, and in the future.

Colorado oil producers rise as voters reject drilling limits

Colorado oil producers rise as voters reject drilling limits

End is near for "frac holiday" as Permian readies for 2019 boom

The oil fields of West Texas don’t sit still for long.

Vantage to acquire Williston basin assets from QEP Resources

Vantage Energy Acquisition Corp. has announced that it has entered into definitive agreements with QEP Energy Company to acquire the entirety of QEP’s Williston basin assets in North Dakota and Montana.

Spirit of Colorado applauds defeat of Proposition 112

Spirit of Colorado, an independent expenditure committee tasked with defending Colorado’s economic well-being, tonight delighted in the defeat of Proposition 112, the job-killing “setbacks” measure, which would have ended oil and gas development in Colorado.

Halliburton releases intelligent drill bit to optimize drilling performance

Halliburton Company has released Cerebro in-bit sensor package, a new technology that obtains performance data directly from the drill bit and analyzes it to optimize cutter engagement, reduce uncertainty and increase drilling efficiency.

ConocoPhillips closes Barnett assets sale

ConocoPhillips has announced the completion of its previously announced transaction to sell its Barnett assets to Lime Rock Resources for approximately $230 million, plus net customary adjustments.

Pioneer announces sale of South Texas oil assets for $132 million

Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with an undisclosed third party to sell approximately 2,900 net acres in Sinor Nest (Lower Wilcox) field for net proceeds of $132 million, subject to normal closing adjustments.

BP completes $10.5-billion BHP acquisition, establishes BPX Energy

BP has completed the $10.5-billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth.

Chesapeake adds to southeast Texas holdings with $3.9-billion buy

Chesapeake Energy’s acquisition of WildHorse Resource Development for about $3.977 billion will add operations in the Eagle Ford shale and Austin Chalk formations of southeast Texas.

YPF chiefs raise output outlook as Vaca Muerta begins to deliver

YPF SA will produce more oil and gas than originally planned over the next five years as shale output from the Vaca Muerta formation picks up, according to the Argentine producer’s top two executives.

Endeavor said to weigh sale after getting takeover interest

Endeavor Energy Resources LP, the largest privately held oil producer in the Permian basin, is weighing a sale after receiving takeover interest from major energy explorers, according to people familiar with the matter.

Halliburton's outlook overshadowed by weak end to 2018

Halliburton Co.’s optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.

President Energy provides update on drilling at Puesto Flores field, Argentina

President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided an update on its current drilling program at the Puesto Flores/Estancia Vieja Concession in Rio Negro Province, Argentina.

U.S. shale oil production surges

U.S. government data showed shale oil production is forecast to reach a fresh record in November.

MEG Energy unanimously rejects Husky Energy's $2.34 billion acquisition offer

MEG Energy Corp. rejected a $2.34 billion hostile takeover offer from Husky Energy Inc. and announced a plan to seek other buyers, kicking off a bidding war for its prized Canadian oil-sands assets.

ARDCO introduces AMT Dump Beds for multi-purpose truck

ARDCO announces the launch of its new AMT Dump Beds for the articulating multi-purpose truck (AMT), offering payloads of 10 to 20 tons, volume upgrades for lighter materials, and tire options to suit extreme conditions where other articulated dump trucks simply can’t perform.

Saturn Oil & Gas Inc. increases land position and provides operational update

Saturn Oil & Gas Inc. has successfully bid on certain targeted parcels at the recent Crown land sale, earlier this month.