Shale ///

U.S. shale backlog declines, except in Permian basin

The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016.

EIA: Growth in Argentina’s Vaca Muerta shale, tight gas production leads to LNG exports

Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén basin’s Vaca Muerta shale and tight gas play.

Cracks in Permian promise slowing shale boom

The promise of the Permian is shrinking.

Cuadrilla confirms return to UK frac operations

Cuadrilla today confirmed that it will return to hydraulic fracturing and flow testing of natural gas at its flagship Lancashire site in Preston New Road, near Blackpool.

Colorado and New Mexico officials rescind the welcome mat for oil and gas

David Blackmon, Contributing Editor

Elected officials are doing their best to kill off the golden goose in two states that have benefitted mightily from the shale revolution.

What’s going on down there?

Oscar Vasquez, Sam Young, Deep Imaging

Use of electromagnetic monitoring to image unconventional wells in shales can identify problems with well isolation and frac design.

Developer of oil, gas data services takes over operation of frac data sharing system

PDS Energy Information (PDS), a provider of secure data transfer exchange services for oil & gas drilling, completion, and production data, has announced that it has assumed commercial operation of the Frac Interference Exchange (FracX), a reciprocal data sharing network previously developed and operated by one of the largest operators in the Permian basin to coordinate hydraulic fracturing activity among producers.

Wood Mac: Growth in the Permian may spur fresh wave of infrastructure spending

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 bpd by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.

Shale drilling slips back to one-year low as oil rally falters

American oil explorers cut back on the number of drilling rigs this week, matching a one-year low reached last month, as crude’s rally falters amid growing concerns over demand.

Shale fight makes OPEC accept lowest market share since 1991

For almost three decades, OPEC has always pumped at least 30% of the world’s crude oil, creating an informal floor for Saudi Arabia and its allies in the cartel.

Five years after crude’s collapse, shale patch still struggles

It’s been five years since crude hit a low of $26/bbl. While prices have recovered some of the lost ground, shale producers are still feeling the pain.

Thrifty drillers go electric as low natural gas prices spur fuel switch

Thrifty drillers have found a new use for the glut of natural gas that’s sent prices for the fuel below zero in America’s biggest shale patch: Use it to power fracing operations.

OPEC member fans out to Australia, Canada in global gas push

Kuwait plans to boost production from Canadian shale deposits by two thirds and increase output of natural gas in Australia as the OPEC member ramps up efforts to find and develop overseas deposits of the fuel.

Emerald Bay Energy Kuhn 3 well resumes production in South Texas

Emerald Bay Energy Inc. has announced that operations to enhance oil recovery from the Kuhn 3 well are complete, and the well is now back on production.

Vaca Muerta finally produces oil, a century after its discovery

Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as Vaca Muerta.

Dirty water holds biggest promise, Jefferies says

For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC.

Lonestar announces positive production results at Horned Frog

Lonestar Resources US Inc. announced additional well results in its Horned Frog area located in La Salle County, Texas.

Chisholm, Gastar combine to create the leading STACK E&P company

Chisholm Oil and Gas, LLC, of Tulsa, Okla., and Gastar Exploration LLC of Houston, Texas. have announced that they have entered into definitive agreements to effect a merger between the two companies.

Foothills Exploration provides update on 7,000-acre acquisition in Montana

Foothills Exploration, Inc., an independent oil and gas exploration company engaged in acquiring and developing oil and natural gas properties in the Rockies today provided an update on its proposed acquisition of 7,000 acres and 87 oil and gas wells in Montana.

SM Energy raises production guidance, provides new well results

SM Energy Company has announced that second-quarter 2019 production is exceeding expectations and the Company is raising guidance for second quarter and full year production volumes by 0.4 MMboe, at the mid-point, due to better than expected well performance and completion timing.