Shale ///

Shale boom architect Mark Papa named new Schlumberger chairman

Schlumberger is tapping as its chairman an executive who earned a reputation for building shale producers that bypass oil service companies.

Apache completes midcontinent asset sales

The asset sales reflect the company’s exit from the Western Anadarko Basin and the previously announced exit from the SCOOP/STACK play.

Schlumberger sees shale output boom slowing on budget cuts

Schlumberger expects surging oil production from North American shale basins to slow as explorers cut spending, outgoing CEO Paal Kibsgaard said during the company’s second-quarter earnings call.

Range announces Appalachian asset sales of $634 million

Range Resources has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million.

EIA: Summer natural gas prices on track to be the lowest since 1998

EIA forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu.

Solaris Water launches expanded New Mexico recycling operations

Solaris Water launches operations at its expanded Lobo Ranch Produced Water Recycling and Blending Center in Eddy County, New Mexico.

Permian watch: America’s hottest shale play is slowing down

The engine of America’s shale boom is beginning to sputter.

No fast exit from Permian oil for private equity, RS Energy says

Private equity has been ramping up its investment in Permian basin oil and natural gas production, but the old strategy of selling out after a few years is no more, according to RS Energy Group.

U.S. DUC 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.