Shale ///

Pioneer Natural Resources merger deal could see father-son conflict challenge

Pioneer Natural Resources Co. is in discussions to buy rival Parsley Energy Inc. in an all-stock deal that could be finalized by the end of the month, according to a person familiar with the matter. Pioneer is run by Scott Sheffield while his son Bryan is Parsley’s founder and chairman.

Hunting introduces Efficiency Gun

Featuring modular pre-wired, plug-and-play perforating guns, the E-Gun system eliminates all user wire connections and tandem sub maintenance.

Recent deals reveal a buyer’s market for shale operators

Concho Resources Inc., an early explorer of the Permian basin’s once-coveted oil riches that was worth $32 billion just two years ago, is selling for $9.7 billion in stock. ConocoPhillips is paying a meager 15% premium over Concho’s closing price on Oct. 13, the last trading session before Bloomberg News first reported the companies were in talks.

Blackbuck Resources acquires Whites City water infrastructure from Cimarex Energy

The acquired assets include approximately 65 miles of pipeline and 100,000 barrels per day of installed and permitted disposal capacity. As part of the sale, Cimarex has agreed to a 15-year acreage dedication in the Whites City area, which encompasses more than 40,000 acres, for the gathering, disposal and recycling of its produced water.

Conoco CEO leads U.S. shale peers with net-zero emissions pledge

“We’re the first U.S. based oil and gas company to take this step,” CEO Ryan Lance said during a conference call intended to discuss the company’s $9.7 billion deal to buy Concho Resources Inc.

Halliburton CEO sees a rebound coming for U.S. shale drilling

“The pace of activity declines in the international markets is slowing, while the North America industry structure continues to improve, and activity is stabilizing,” Halliburton CEO Jeff Miller said in a statement.

Conoco agrees to $9.7 billion Concho Resources purchase

The combination Conoco and Concho will be one of the dominant operators in the Permian Basin of West Texas and New Mexico, rivaling only the likes of Occidental Petroleum Corp. and Chevron Corp. in terms of crude output.

What the drilling rig count's ongoing climb says about the future of crude oil production

While opinions differ on oil demand and production rates, a fourth week of growth in the rig count appears to prove some projections right, while invalidating others.

Halliburton rolls out industry-first intelligent fracturing system

The SmartFleet system connects to the reservoir through subsurface sensing to continuously measure cluster uniformity and fracture geometry. The system applies the measurements to make intelligent adjustments that improve fracture placement.

Oxy CEO says U.S. oil production will never see pre-pandemic levels

America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.

Trump takes Biden to task over drilling in swing states

Trailing Biden in the polls and looking to drive up support among white, working-class voters that helped deliver him Rust Belt states in 2016, Trump has turned to fracing as a last-ditch measure to make up ground. Biden holds a lead of 7 percentage points in Pennsylvania, according to a RealClearPolitics average of polls.

ConocoPhillips in acquisition talks with shale rival Concho Resources

The potential combination would be the latest sign that long-expected consolidation in the shale patch has finally arrived. A purchase of Concho, which has an enterprise value of $12.3 billion, could become the year’s largest takeover of an oil and gas company.

Hunting introduces perforating gun orientation tool

The HSI’s three-axis accelerometer indicates the relative bearing and inclination of the downhole tool string during oriented perforating applications, confirming direction to avoid severing casing strings or cables behind casing.

Panhandle Oil and Gas acquires rights in two key shale plays

Panhandle Oil and Gas has closed the previously announced purchase of two mineral and royalty packages in Grady County, Okla., and Panola and Harrison Counties, Texas, from Red Stone Resources, LLC.

Chevron to lay off 700 Houston staff in drive to cut costs

Affected employees are being asked to reapply for their existing positions, with layoffs set to take place beginning October 23rd.

Shaletech: Niobrara-Codell Shales

Jim Redden, Contributing Editor

A capsized market achieves what activists couldn’t.

Mitigating vibration above the drill bit

Chris Gooch, Ulterra Drilling Technologies

An innovative PDC bit technology is improving motor and downhole tool reliability, while setting new performance records.

Weir Oil & Gas launches SPM EdgeX valve and carbide seat, extending seat life

Engineered with the nuances of the entire frac site in mind, the EdgeX Valve and Carbide Seat enables operators to push their frac fleets harder while significantly reducing maintenance costs for valves and seats.

Hunting introduces PowerSet Solo power charges

The new PowerSet Solo power charges, with a built-in initiation device, are the only power charges on the market that operate without an igniter. This provides additional operational savings and efficiency.

Shale producers Devon Energy and WPX merge in all-stock deal

The combination will create one of the biggest independent shale producers in the country, tying together two companies with sizable operations in the hottest part of the prolific Permian Basin, which straddles West Texas and southeastern New Mexico.