Shale ///

Total to invest $500 million to produce shale gas in Argentina

Total SA will spend $500 million over three to four years to develop a shale-gas field in Argentina as the country’s government lures investors by pledging a minimum price.

Nabors' U.S. lower 48 rig count increases by 29% for second straight quarter

The 93 rigs working for the company in the lower 48 represent a 166% increase since its low point in May 2016.

Noble Energy closes acquisition of Clayton Williams Energy

Noble Energy, Inc., announced that, following the overwhelming approval by the stockholders of Clayton Williams Energy, Inc., of the acquisition of Clayton Williams Energy by Noble Energy, the transaction closed and became effective immediately after market close on April 24, 2017. In conjunction with the closing, Clayton Williams Energy became a wholly owned subsidiary of Noble Energy under the name NBL Permian LLC.

Argentina's push to mimic Permian success faces long road ahead

Argentina’s Vaca Muerta, one of the largest shale formations outside of North America, offers tons of promise for the country’s energy future. Just don’t hold your breath waiting for it.

Oil falls below $50 as surging U.S. output undermines OPEC cuts

Oil fell below $50/bbl as investors lost faith that an extension of OPEC-led supply cuts will overcome growing U.S. production and ease a global glut.

Patterson-UTI Energy completes merger with Seventy Seven Energy

Patterson-UTI Energy announced today that it has closed its merger with Seventy Seven Energy Inc. stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.

Gulf of Mexico is equally important as Permian for U.S. oil production, Rystad says

Since the early days of U.S. shale development, we have observed impressive efficiency and well productivity gains realized by E&P companies. These gains were triggered by a gradual learning process, optimization of completion techniques and well configuration, and high grading of drilling locations and equipment.

Encana reports plans to maximize value of condensate-rich Montney asset

Encana continues to successfully advance its five-year plan, which it expects will deliver industry-leading cash flow growth and returns. The company's Montney asset plays an integral part in this plan and will contribute significant high-value condensate, non-GAAP cash flow and margin growth

Energy Transfer's latest woe is 50,000-bbl spill

Add almost 50,000 bbl of drilling fluids released into Ohio wetlands to the issues that have plagued Energy Transfer Partners LP’s $4.2 billion Rover natural gas pipeline.

Patterson-UTI's Siegel takes advice from Roy Disney, to prove share sellers wrong

You wouldn’t think an oilman would draw inspiration from Roy Disney, whose uncle turned a cartoon mouse into a U.S. icon, when things get tough. But that’s exactly what Mark Siegel, the chairman of Patterson-UTI Energy Inc., said he did on Dec. 13, when his company’s value plunged the day after it announced a $1.4 billion deal for rival Seventy Seven Energy Inc.

AADE ’17: Constructing better wells can increase integrity during fracturing, reduce production problems

As the North American shale revolution has evolved, spawning new technologies and strategies for drilling and completing horizontal wells with longer laterals and increased frac staging, the upstream oil and gas industry is still learning how to construct wells for maximum, long-term production.

Crude falls as rising rig count seen boosting U.S. production

Crude declined below $53/bbl as the ramp-up of shale drilling spurred speculation that surging American output will offset OPEC-led efforts to cut a global supply surplus.

Schlumberger enters JV with YPF to begin shale oil pilot project in Vaca Muerta

Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ángel Gutiérrez, have signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquén.

Mohawk Energy introduces new patch accessories

Mohawk Energy, a developer of tubular expansion technologies, today announced the launch of ThruPatch custom accessories.

Delmar Systems announces changes to Houston engineering staff

Delmar Systems, Inc. has announced two changes within the engineering group based in Delmar’s office in Houston, Texas.

GEODynamics releases new perforating technology for diversion

GEODynamics, Inc.’s Engineered Perforating Solutions Division has begun field testing of the latest addition to the family of multi-stage-plug-and-perf products.

OPEC says oil inventories fell, sees stronger shale rebound

OPEC said oil inventories shrank in developed nations as its production cuts took effect, yet forecast that rivals in the U.S. shale industry are growing stronger.

BHP CEO rejects oil spinoff for third time after Singer demand

The previous two times BHP Billiton boss Andrew Mackenzie ran his ruler over the company’s $29-billion oil unit he decided it was still a good fit for the world’s biggest miner.

OriginClear announces pilot program for Sinopec shale gas site in China

OriginClear Inc. has announced it is entering into a partnership with a regional organization in the Chinese province of Shandong for remediation of a shale gas site operated by the government-owned Sinopec Group, Asia's largest oil and gas company.

Packers Plus optimizes completions for Montney operator with hybrid cemented technology

Packers Plus Energy Services Inc. has announced the ongoing success of cemented hybrid completions in Canada, using TREX Cemented Diffusor Sleeves and Hydraulic Toe Sleeves in combination with other completion methods.