Shale ///

BP, Eni to pursue major new exploration opportunity in Oman

BP and Eni have signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman.

Chevron touts nimble shale as electric cars dim big oil's future

Chevron Corp. will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy.

Saudis say OPEC+ oil cuts provided `lifeline' to U.S. shale

Saudi Arabia’s energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.

Zion moves forward with seismic campaign in Israel, as previously outlined

Zion Oil and Gas confirmed today that it will move forward with the operational plan in Israel that the firm outlined previously in its Nov. 29, 2018, press release.

Texas drilling permits, completions statistics for December 2018

The Railroad Commission of Texas (Commission) issued a total of 811 original drilling permits in December 2018 compared to 885 in December 2017.

Chesapeake Energy has reported 2018 fourth-quarter results, operational update

Chesapeake Energy Corporation has reported selected financial and operational results for the 2018 fourth-quarter.

C&J Energy Services, Seismos partner on hydraulic fracturing characterization

C&J Energy Services is teaming with Seismos to collaborate on the industry's first real-time hydraulic fracture characterization solution.

Closing the loop on water treatment

Dr. Clay Maugans, Select Energy Services

There are numerous approaches to treating and recycling water in the oil field, with no single approach always being the right answer.

Water management

Mark Patton, Hydrozonix

May you live in interesting times

What's new in production

Don Francis, Contributing Editor

Hits and misses

Prime Downhole receives cash infusion to develop unconventional basins

Post Oak Energy Capital, LP, through investment partnerships it manages, today announced that it has led a $50 million equity commitment to Prime Downhole Holdings, LLC. The Prime management team will co-invest alongside Post Oak.

Emerge Energy Services, Chesapeake sign sand supply agreement

Emerge Energy Services LP has announced that its subsidiary Superior Silica Sands LLC has signed a new agreement with Chesapeake Energy Corporation covering frac sand supplied from Superior's San Antonio mine in South Texas.

Elliott makes $2 billion offer for oil driller QEP Resources

Elliott Management Corp. made a $2 billion proposal to acquire the portion of QEP Resources Inc. that it doesn’t already own as the activist investor expands its private equity prowess into the energy space.

U.S. Eagle Ford oil growth to stall in 2019 amid weak prices

Drillers in the Eagle Ford, Texas’s other shale oil patch, will likely scale back activity in 2019 as lower crude prices eat into cash flows.

With Zinke out, ex-lobbyist said to become acting interior head

As Ryan Zinke left his post heading the Interior Department on Wednesday, the agency’s No. 2 official, David Bernhardt, joined President Donald Trump at a meeting of cabinet officials.

Halliburton President and CEO Jeff Miller appointed as chairman of the board

Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.

Ring Energy acquires acreage in the Permian

Ring Energy has announced that it has closed its transaction with Tessara Petroleum Resources, a wholly owned subsidiary of The Carlyle Group L.P., for assets located in Andrews County, Texas.

Shale explorers boost U.S. work again despite oil price collapse

Oil producers again boosted U.S. drilling this week despite the biggest quarterly drop in oil prices since 2014.

Encana completes sale of San Juan asset

Encana Corporation has announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its San Juan asset in New Mexico to Denver-based DJR Energy.

U.S. shale's blows leave Middle East oil sellers staggering

The U.S. oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices.