Shale ///

Pioneer CEO stays on the sidelines of latest shale M&A round

With more consolidation brewing in the largest U.S. oil patch, the boss of one of the largest independent shale producers says he’s not interested, and warned that investors are still skittish about deals.

Halliburton and Voltagrid team to reduce Chesapeake Energy’s Marcellus shale emissions

The high-performing electric frac solution reduced emissions for Chesapeake by 32% and applied over 25 megawatts of lower-carbon power generation by leveraging Chesapeake’s local field gas network.

‘Live’ DUC count hits 2013 low as the US continues to frac more than it drills

US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals.

Analyst sees Permian basin output fully recover from COVID shutdown by 2022

The Permian basin, the largest oil producing basin in the US, was the most affected play in the country during the COVID-19 pandemic times. However, production of crude oil and natural gas from this play is likely to exceed the pre-pandemic levels by 2022 amid market recovery from the pandemic, according to a leading analyst.

Global oil rally costs shale drillers $12B in underwater hedges

“One of the negatives of this quarter has been some horrible hedging; guys locked in at $42 a barrel,” Paul Sankey, the veteran oil-industry analyst and founder of Sankey Research LLC.

Shale drillers turn to dividends to match supermajors’ investment appeal

Benchmark U.S. oil futures have advanced 45% this year and at that pace are on track for the biggest annual increase since 2016. In returning so much cash to shareholders, shale drillers are showing they will pass on gains from higher crude prices rather than use them to increase production.

ConocoPhillips beats estimates, posting highest profits since 2018

ConocoPhillips beat estimates as rising commodity prices led America’s biggest independent oil producer to the highest profit in nearly three years.

New Mexico’s Permian output rises – will a modest shale recovery follow?

New Mexico’s oil production surged to a record in May highlighting the Permian basin’s role as the shale industry sees some recovery from the pandemic.

Water management

Mark Patton, Hydrozonix

Automation and oil field water management

Halliburton launches low cost, direct fracture monitoring service

Halliburton Company introduced ExpressFiber, a single-use fiber optic cable that offers accurate, direct subsurface measurements, including cross-well communication, at a price point that enables fracture monitoring on every well pad.

A progressive approach: Why the Permian basin tells us all we need to know about methane emissions management

Ben Linke, Baker Hughes

Permian basin oil and gas companies are taking action and driving change—adopting technologies that not only reduce fuel and operational costs, but that also help reduce emissions and protect the planet.

Improving hydraulic fracturing through NETL field laboratory projects

Jared Ciferno, Gary Covatch, NETL; Jordan Ciezobka, Gas Technology Institute

Hydraulic fracturing test sites in the Permian basin and Eagle Ford shale will conduct research to enhance the environment, improve safety and increase production.

Implementation of Hydraulic Completion Units (HCUs) in the Permian basin: A new innovative completion technology

Benjamin Krane, Matthew DeFriend, Heberto Garza, Chevron; Joseph Frantz, Jr., Matt Tourigny, Jared Griffith, Deep Well Services

HCUs have improved the drill-out metrics in high-pressure and extended-lateral wells since entering the Permian in 2019. With increasing well complexity, operators began using this new HCU technology as a safe, viable way to complete Midland and Delaware basin wells.

B3 Insight launches Oilfield Water ESG Council program

B3 CEO and co-founder Kelly Bennett said "This program is a commitment by B3 and its members to put words to action through collaboration and transparency to create meaningful solutions.”

U.S. shale drilling will lose pace this year, says Baker Hughes

Shale drilling in North America is going to slow down in the second half of the year from its breakneck pace as explorers cling to promises of austerity, according to Baker Hughes.

Halliburton projects ‘multi-year upcycle’ in oilfield services spending

“The positive activity momentum we see in North America and international markets today, combined with our expectations for future customer demand, gives us conviction for an unfolding multi-year upcycle,” CEO Jeff Miller said.

Gardner Denver launches lightweight pump for horizontal directional drilling market

The American-made pump, built with quality and efficiency in mind, features a flow rate of more than 1000 gpm, making it suitable for demanding HDD projects.

Plains All American and Oryx Midstream form Permian Basin joint venture

The transaction will include all of Oryx’s Permian assets and, with the exception of Plains’ long-haul pipeline systems and certain of its intra-basin terminal assets, the vast majority of Plains’ assets located within the Permian Basin.

Penn Virginia to expand Eagle Ford presence with $370MM Lonestar Resources deal

Penn Virginia Corporation and Lonestar Resources US Inc. have entered into a definitive merger agreement under which Penn Virginia will acquire Lonestar in an all-stock transaction.

CGG’s Sercel tallies first major GPR300 seabed nodal solution sale

The sale includes 18,000 nodes that will be deployed in Q4 2021 on a large-scale, long-term, multi-vessel operation in the Middle East region.