Shale ///

Vallourec team's one-year sprint to market results in VAM® SPRINT-SF, an innovative ultra-high torque connection

Vallourec’s new VAM® SPRINT-SF, the first in a series of semi-premium high torque connections for onshore drilling is a technological breakthrough for the industry. The team’s innovative behind-the-scenes collaboration expedited its journey from concept to market.

Chesapeake’s fate marks the end of an era in U.S. shale

As the remnants of shale’s turn-of-the-century heyday turn to dust, it’s unclear who will step into the void.

Oxy debates selling down Middle East assets to reduce debt

Occidental Petroleum Corp. is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said.

Chesapeake preps bankruptcy plan to hand control to lenders

A bankruptcy filing by Chesapeake would reverberate well beyond its investors and employees because it will put millions of dollars in pipeline, fracing and other contracts at risk.

Small shale companies are big winners in the post-OPEC+ market

Small shale producers and offshore drillers are among stocks soaring after the wider OPEC+ group agreed over the weekend to extend its record output curbs.

Texas oil regulator issues May 2020 drilling permit statistics

The Railroad Commission of Texas issued a total of 251 original drilling permits in May 2020 compared to 1,050 in May 2019. The May 2020 total includes 208 permits to drill new oil or gas wells, one to re-enter plugged well bores and 27 for re-completions of existing well bores.

Weatherford introduces Velox Wellhead System

Velox delivers unmatched isolation between casing strings with quick-connect components that maintain pressure control, reduce potential leak paths, and minimize non-productive time during installation in many applications, including high-pressure, high-temperature, and sour-gas wells.

Shale’s reawakening begins as oil holds above $30

EOG Resources Inc., America’s largest shale-focused producer, plans to “accelerate” output in the second half after shutting in about a quarter of its crude in May, exploration chief Ken Boedeker told an RBC Capital Markets conference Tuesday.

Weekly Preview podcast: How prepared is the industry for an oil price rebound?

Our look ahead the coming week, including how drillers' ability to react to an increase in oil and gas demand could be impacted by technical and manpower limitations, and what key OPEC players have in store for the first week of June.

Oxy reduces its dividend to $0.01 per share

Occidental shareholders will receive a penny per share on July 15, the Houston-based company said in a statement Friday. The payout compares to the 11-cent dividend announced in March.

nanoActiv treatment preserves wells during shut-in periods

Treating a well with nanoActiv can alter the wettability of the rock surface, providing a preferential coating of nanoparticles which may help prevent asphaltene, condensate, and/or paraffin deposition.

Precision Drilling CEO sees shale’s recovery a year away, at best

Even if the economy continues to recover and a second wave of the pandemic is less damaging than the first, U.S. shale drillers may still take at least a year before moving rigs back into the field, according to the leader of an oilfield-services company.

Epiroc introduces DH350 ultra-mobile drilling rig

“The DH350 combines the mobility of carrier drive rigs with the power density of conventional skidded systems to produce one of the most agile and capable drilling rigs in the marketplace today,” said Cole Carpenter, product manager at Epiroc Drilling Solutions.

Swift production declines may keep shale operators on oil rebound’s sidelines

Less than 20% of this year’s expected drop in overall U.S. crude output will come from shuttering existing wells, according to IHS Markit. Rather, the vast majority of the supply drop will be the direct result of canceled drilling projects.

Distressed oil drillers find major analysts dropping stock guidance

The smallest shale oil drillers have endured their fair share of pain in this spring’s energy collapse and, with ailing stock prices, analysts are finding it even tougher to cover the group.

Shale rout drives working rigs to lowest count since 2009

Shale explorers extended their retreat into a 10th week, dropping the number of oil rigs at work in the U.S. to the lowest since 2009 as some struggle to stay afloat.

High premiums, price swings driving decline in shale hedges

After oil’s crash below zero, explorers face hefty premiums for the financial instruments they rely upon to insure against price swings. Meanwhile, they’re also unwilling to lock in future supply with forward prices for crude remaining lackluster.

Daily Brief Podcast: Simon Watkins on Saudi moves, Shale 3.0, and recovering demand

The real result of Saudi Arabia's production cuts, how recovering global markets impact large and small shale players differently, and what that means for the future of the industry.

Permian leads U.S. shale decline as output reaches 2018 low

Overall production is seen falling by 197,000 barrels a day next month to 7.822 MMbbl, which would be the lowest since late 2018. The expected decline would have been even more dramatic if not for a downward revision to May’s output estimate in the order of half a million barrels a day.

Daily Brief podcast: How higher oil prices can threaten a recovering market

Oil reaches its highest price since March, which could lead to a new production imbalance in U.S. shale, and Oxy is left holding the bag on a major asset sale.