Shale ///

KCA Deutag awarded drilling contracts in Middle East, Russia and Africa

Global drilling and engineering contractor KCA Deutag has announced that its land drilling operation has won new contracts and contract extensions worth approximately $110 million. These contracts are for onshore drilling in the Middle East, Russia and Africa.

Shale support secures deal as provider for tier-one E&P

Shale Support Holdings, LLC, a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, has announced it has finalized a deal as a provider for a tier-one petroleum and natural gas exploration and production company

ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing

Kurt Abraham, World Oil

In an exclusive interview with World Oil Editor-in-Chief Kurt Abraham, ConocoPhillips Chief Technology Officer Greg Leveille discusses the technical issues facing global E&P, particularly as relates to the many U.S. unconventional plays

RSS design aimed at a growing scope of directional drilling demands

John Clegg, Weatherford

A novel rotary steerable system addresses maintenance, downhole motors, and hole geometry in a new light.

Executive viewpoint

John Tintera, Texas Alliance of Energy Producers

The Great Water Hope: The future of oilfield produced water

Texas drilling permits, completions statistics for January 2019

The Railroad Commission of Texas (Commission) issued a total of 1,196 original drilling permits in January 2019 compared to 1,166 in January 2018.

BLM makes record-breaking $1 billion from O&G lease sales

The Bureau of Land Management (BLM) has announced that 2018 was a record year for oil and natural gas lease sales – generating more than $1 billion – an amount that was nearly equal to the BLM’s budget for Fiscal Year 2018.

Apache reduces budget, focuses on U.S.

Apache Corporation has announced that its board of directors has approved a 2019 upstream capital budget of $2.4 billion. This represents a significant reduction from its previous 2019 investment plan, as well as from its actual upstream investment level in 2018.

Texas-size glut of frac sand accumulating as demand weakens

Just a year after rushing into America’s busiest oil field with new mines, frac-sand producers may have overdone it.

Comstock Resources has reported 109% in proved oil, gas reserves in 2018

Comstock Resources, Inc. has announced that its proved oil and natural gas reserves as of Dec. 31, 2018 were estimated by its independent petroleum engineering firm at 23.6 MMbbl of crude oil and 2,283 Bcf of natural gas or 2,424 Bcfe as compared to total proved reserves of 1,162 Bcfe as of Dec. 31, 2017.

Shale drilling expands first time this year as oil rebounds

Oil explorers expanded drilling in U.S. fields for the first time this year as rising crude prices buoyed optimism.

U.S. oil production is only 23 years ahead of schedule, EIA says

A year ago, the U.S. government saw American crude production averaging 11.95 MMbpd in 2042. Shale drillers are set to exceed that this year.

Venezuelan unrest shoves aside U.S. supply surge as oil climbs

Oil climbed as growing instability in Venezuela outweighed fresh reminders of the American shale boom.

Cracks appear in record U.S. oil growth as shale slows for now

Cracks are emerging in the U.S. oil machine.

Vista Proppants has commenced outbound rail transload facility to enhance frac sand delivery

Vista Proppants and Logistics, LLC has commenced operations of a transload terminal facility to facilitate enhanced delivery of frac sand into the Midland and Delaware Basins of the Permian Basin.

QEP Resources said to work with Evercore on sale process

QEP Resources Inc. -- the energy explorer Elliott Management Corp. proposed to buy last week -- is working with Evercore Inc. to explore a sale, according to people familiar with the matter. Its shares rose as much as 5.4% on the news.

Equinor has made a gas, condensate discovery south of the Kristin field

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well.

Colorado Supreme Court rules against plaintiffs in Martinez v. COGCC

Statement by Dan Haley, President & CEO of the Colorado Oil & Gas Association, on today’s Colorado Supreme Court ruling.

‘Realistic’ new model points the way to more efficient and profitable fracing

A new computational model could potentially boost efficiencies and profits in natural gas production by better predicting previously hidden fracture mechanics. It also accurately accounts for the known amounts of gas released during the process.

New exploration captures support Eni’s aggressive Middle East growth strategy

Following recent announcements of Eni S.p.A.’s acquisition of new exploration acreage in Bahrain, the UAE and Oman, Will Scargill, senior oil & gas analyst at GlobalData offers his view on their place within the company’s wider strategy.