Shale ///

New Mexico shale drillers brace for impact of a possible Joe Biden victory

The Permian in New Mexico, unlike in Texas, lies largely on federal land. And Biden, the Democratic candidate for president, has promised to ban new fracing on federal land on “day one” if elected.

Trump’s trip to West Texas includes visit to rig of World Oil editorial advisor

Latshaw Drilling and Double Eagle Energy hosted a rig site event, where President Trump reiterated that oil and gas E&P is a centerpiece of his energy and economic policy.

Dallas Fed sees the U.S. oil industry prioritizing output over debt

After all the trauma the U.S. oil industry has been through this year -- from production cuts to mass layoffs and a string of bankruptcies -- many producers say they’re still prioritizing output over reducing debt.

Hunting adds recomplete charges to Energetics product line

Recomplete charges are designed to produce perforations during well recompletion activities. Utilizing Hunting’s EQUAfrac shaped charge technology, they deliver an optimized entry hole size and minimum variation through both liner and casing.

Oxy shows confidence in its balance sheet with Buffett dividend payment

Occidental Petroleum will pay about $200 million in dividends on preferred shares to Warren Buffett’s Berkshire Hathaway Inc. in cash rather than common stock, a sign of the shale driller’s growing confidence in its ability to manage its debt load.

Shaletech: Marcellus-Utica Shales

Jim Redden, Contributing Editor

Gas Prospects Rise in Concert with Oil Woes

Acoustic Data lands North Africa downhole monitoring project

Acoustic Data’s SonicGauge technology will deliver real-time surface-read-out of downhole pressure and temperature on post-frac well tests via acoustic telemetry at the project.

Biden won’t ban fracing – he’ll outlaw most U.S. drilling instead

In a local Philadelphia TV interview, Democratic nominee Joe Biden told reporters “I will not ban fracing.” He failed to mention that his climate plan’s ban on drilling on federal property would go much further than a simple frac ban.

Are the oil industry's opportunities for post-coronavirus recovery dwindling in North America?

In this week's podcast, World Oil editors discuss how legislative activities, a smaller labor pool, and harsh economic realities are impacting options for oil and gas sector growth in North America's post-coronavirus economy.

Frac pumping volumes lowest since 2017 as shale slowdown continues

Fracers are blasting less sand into shale wells for the first time in almost three years as oil explorers adjust to lower oil demand and prices amid the coronavirus pandemic.

PESA says oilfield job losses exceed 100,000, but layoff rates are slowing

The monthly Oilfield Services and Equipment Employment Report, compiled and published by the Petroleum Equipment & Services Association, shows total job losses due to pandemic-related demand destruction reached 103,420 in August. OFS employment is down more than 121,000 jobs since August 2019 and is at its lowest point since March 2017.

Activist investor seeks to break up Noble Energy’s sale to Chevron

Activist investor Elliott Management Corp. plans to push for Noble Energy Inc. to abandon its plans to sell itself to Chevron Corp., arguing the deal undervalues the oil and gas producer, according to people familiar with the matter.

Investment giants urge Texas to end most natural gas flaring

Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly enough to curb the controversial practice.

In a post-Schlumberger world, how will the new frac services landscape change the way shale explorers operate?

Between Halliburton and Liberty Oilfield Services, hydraulic fracturing's two major players have fundamentally different field capabilities and technology ambitions. World Oil editors discuss how the differing strategies these two companies offer will change how operators will approach future shale project developments.

Liberty Oilfield Services puts Schlumberger tech in its yards, Halliburton in its crosshairs

“Customer demand has told us to grow at this pace, and then deals like this come to us,” Liberty CEO Chris Wright said in an interview after the deal was announced on Tuesday. “Our goal with this acquisition is to keep getting better, but to the extent we succeed at that, it probably leads to us being the leader sometime down the road.”

Hunting releases ControlFire EFI Cartridge

Hunting’s ControlFire EFI cartridge is an inherently safe, addressable, plug-and-play detonator. The EFI, a Group III detonator as defined by API RP 67, has the highest possible safety designation in the industry.

Schlumberger’s North American frac exit may signal the end of the U.S. shale boom

After similar exits over the past few years by Baker Hughes and Weatherford International, Halliburton is now the sole global provider of well completions for shale, and even Halliburton has said it’s looking overseas for better growth.

Are oil prices stable enough to support a U.S. shale drilling recovery?

World Oil editors discuss how recent land drilling activity, and the oil price's resilience to external factors suggest that pieces may be coming into place to support the start of a U.S. shale recovery.

Climbing U.S. rig count lends credence to Halliburton’s recovery projections

Drillers in the Permian basin of West Texas and New Mexico led the rest of the nation in expanding the rig count. With crude stabilizing above $40 a barrel, the total number of active U.S. oil rigs rose by 11 to 183 this week, according to Baker Hughes Co. data released Friday.

On-call logistics experts keep oil and gas companies moving through the downturn

Oil and gas companies adapting to new economic realities are finding success by outsourcing logistics support roles that were previously handled by full time, in house teams. Shifting to an on-call structure ensures expert support scaled to the company’s needs, while closely managing costs.