Shale ///

Trump signs order on fracking while barnstorming in Pennsylvania

Trump sees full-throated support for fracking as a crucial element in Pennsylvania, where he’s trailing Joe Biden and which would likely clinch the presidency for the Democrat, should he win it.

Lufkin Industries acquires Schlumberger’s North American rod lift business

Lufkin Industries announced that it has completed the acquisition of the North American Land Rod Lift Business of Schlumberger.

Climbing rig counts may signal a turnaround, but that's no comfort for Exxon Mobil

Despite increased drilling activity and strong Q3 results across the board for the supermajors, Exxon Mobil spent the week slashing headcount and planning major asset sales to meet its dividend commitments.

Texas’ energy regulator may seat its first Democrat in 26 years

Despite this year’s plunge in prices and a corresponding drop in output, the state remains a major player on international markets, one eyed warily by other oil-rich nations. That outsize role also means the commission attracts more scrutiny than any other equivalent state agency.

A Key Consideration when Automating Large Wellpads: Can the Automation Scale to Fulfill Complex Site Requirements Long Term?

Achieving the necessary site architecture long term requires the right combination of scalability, as it relates to processing power and I/O, along with the flexibility to obtain as much control as needed with tools and systems that are designed with users in mind.

Exxon may write off $30 billion of shale assets after historic Q3 loss

Exxon is confronting one of its biggest crises since Saudi Arabia began nationalizing its oilfields in the 1970s. If the company takes the full $30 billion impairment, it will be the industry’s worst in more than a decade.

A Biden win would heap taxes and scrutiny on M&A deals

A Joe Biden victory on Nov. 3 would have a sweeping impact on mergers and acquisitions as he sets his sights on a higher corporate tax rate, new regulation and increased antitrust scrutiny.

EQT continues growth, buying Chevron’s Appalachian shale gas assets

“This acquisition is a natural bolt-on extension of EQT’s dominant position in the core of the southwest Marcellus and supplements our already impressive asset base,” EQT CEO Toby Rice said in a statement.

Trump issues executive order on fracking

Trump issued an executive order to require an economic analysis of fracking, as the president seeks to use what he portrays as Biden’s mixed messages on energy to capture votes in the swing states of Pennsylvania and Ohio.

PESA president rebuts Biden’s energy stance

While it’s true the energy ecosystem is in transition, former Vice President Biden is incorrect that it means replacing one form of energy with another or phasing out oil and gas.

EQT pursues takeover of rival CNX Resources

EQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as M&A accelerates in the distressed shale patch.

Trump leverages Biden’s oil stance as a warning to swing state voters

After the debate, Biden sought to emphasize that the fossil fuel industry wouldn’t “be gone” until 2050, and that oil workers are “not going to lose their jobs.”

Argentina pledges $5.1 billion subsidy for Vaca Muerta shale drillers

Energy Secretary Dario Martinez said spending on subsidies is still better than the alternative of buying LNG cargoes, despite low current prices. “We’ve done the analysis and we really benefit from doing this,” Martinez told reporters in Buenos Aires Wednesday.

Harold Hamm projects $6 gasoline under Joe Biden’s energy regime

Biden’s plans would have uneven impacts within the oil and gas sector, particularly hurting companies with significant investments on federal land. Other producers, such as Pioneer Natural Resources Co. and Hamm’s Continental Resources, which do not have federal oil leases, might see their holdings swell in value.

API fact-checks the presidential debate’s energy positions

The American Petroleum Institute corrected the record on discussions about a fracking ban, implementing a carbon-free power sector by 2035, replacing natural gas and oil jobs with clean energy jobs, and policies to reduce CO2 emissions.

Executive orders would give Biden options to limit oil and gas production

There are several ways Biden could halt fracking on federal lands using executive power. He could ban new oil and gas leases, halt new permits, or seek a specific regulatory ban on fracking, all of which Biden has telegraphed at one point or another on the campaign trail.

Exxon CEO reveals layoffs as low oil prices drive “tough decisions”

Exxon’s stock has plunged 52% this year and the company all but ended its aggressive, $30 billion-a-year counter-cyclical growth strategy. Rivals such as BP and Chevron have also announced large layoffs in recent weeks.

U.S. shale mergers reshuffle the oil production landscape

“There’s only going to be three or four independents that are investable by shareholders” after the recent market rout, Pioneer CEO Scott Sheffield said on a conference call with analysts. “The best companies have been picked off the past few weeks.”

Pioneer Natural Resources merger deal could see father-son conflict challenge

Pioneer Natural Resources Co. is in discussions to buy rival Parsley Energy Inc. in an all-stock deal that could be finalized by the end of the month, according to a person familiar with the matter. Pioneer is run by Scott Sheffield, while his son Bryan is Parsley’s founder and chairman.

Hunting introduces Efficiency Gun

Featuring modular pre-wired, plug-and-play perforating guns, the E-Gun system eliminates all user wire connections and tandem sub maintenance.