Shale ///

Devon Energy sells Barnett shale assets for $770 million

The transaction between Devon Energy and a Kalnin Ventures unit includes over 320,000 gross acres and 4,200 producing wells.

WaterBridge raises $345 million for Permian expansion

While drilling activity in the Permian has been cooling in recent months, the business of supplying water to shale producers in the biggest U.S. oil patch – and disposing of the wastewater – continues to attract private equity.

Permian industry groups challenge perceptions on methane emissions

Methane-emissions intensity in the Permian Basin plunged 64% in the past seven years, even as crude production surged, according to a report by Texans for Natural Gas, the Permian Basin Petroleum Association and the New Mexico Oil and Gas Association.

Accelerating Permian base decline demands more drilling to maintain current output, says IHS Markit

"Base decline is the volume that oil and gas producers need to add from new wells just to stay where they are—it is the speed of the treadmill,” said Raoul LeBlanc, vice president of unconventional oil and gas at IHS Markit.

SandRidge CEO resigns as Icahn-backed board eyes spending plan

SandRidge Energy Inc., the oil and natural gas producer pushed by activist investor Carl Icahn to pursue a sale last year, said CEO Paul McKinney will resign as the company evaluates its 2020 spending plan.

Canadian energy shines as U.S. shale loses its luster

Canadian energy firms have quietly outperformed their U.S. counterparts this year and, even after the run, a chorus of positive outlooks on the sector to the north continues.

Harold Hamm steps down as Continental Resources CEO

Billionaire wildcatter Harold Hamm is stepping down as chief executive officer of Continental Resources Inc. and will become executive chairman of the shale-oil producer he founded over five decades ago.

Is mining Bitcoin the solution to end gas flaring?

A Denver-based company that installs data centers at shale drilling sites to take advantage of excess natural gas supplies says it now has eight operations across the U.S. and plans another 30 in the first half of next year.

Greater Houston Partnership says city’s economy “eerily similar” to 1980s bust days

“The situation Houston faces today is eerily similar to what it faced after the 1980s bust -- an oversaturated real estate market, a bleak outlook for oil and gas, and the need for innovation to drive the economy forward,” the Greater Houston Partnership said in a report Thursday.

Chesapeake debt deal staves off bankruptcy, but outlook still dim

Chesapeake Energy’s move to tame its $10 billion debt load solves immediate concerns about the company’s viability, but fundamental issues threatening the company’s long-term outlook remain.

Gardner Denver introduces Thunder 5,000 HP Quintuplex pump for electric, gas and diesel-driven fleets

Gardner Denver Petroleum & Industrial Pumps introduced the new Thunder 5,000 HP Quintuplex pump, designed for duel fuel gas engines, electric motors, diesel engines and gas turbine direct drives.

UK releases shale gas fracing report after legal challenge

Last month, the UK fracing industry suffered a fatal blow as the Conservative government ended its support for the practice over concern that it causes earthquakes. The move, ahead of a general election set for Dec. 12, effectively bans fracing.

Fracing slowdown in Permian basin leads to more job losses

Permian basin frac crews, who are brought in to complete the final stage for creating a new oil well, have dropped 21% so far this year. For all of 2018, frac crews in the West Texas and New Mexico oil fields expanded by 1.3%.

Eagle Ford offers austerity lesson for U.S. shale

At current oil prices, “what you cannot do is harvest cash and grow,” said Raoul LeBlanc, a Houston-based analyst at IHS Markit. “There’s an inflection point coming here because production growth is going to slow down massively.”

OPEC+ gambles that U.S. shale’s golden age is over

For years, OPEC ignored the rise of the U.S. shale industry and came to regret its mistake. Now, the group is making another bold gamble on America’s oil revolution: that its golden age is over.

Tendeka surface modification treatment increases oil recovery in unconventional shale plays

The new oil-based polymer treatment covalently bonds to the rock surface to allow enhanced oil flowback from the nanonetwork, resulting in improved return on investment.

Permian basin is now an anchor dragging down jobs in Texas, Dallas Fed says

The world’s biggest shale patch is now officially a drag on jobs creation in the Lone Star state.

Cowboys owner Jerry Jones says he’s hunting for more Haynesville assets

Dallas Cowboys owner Jerry Jones is doubling down on a forlorn corner of the U.S. shale patch, calling Louisiana’s Haynesville play the best for low-cost hydrocarbons and saying he’s hunting for more acreage there.

Shale oil explorers say outlook for growth contradicts grim reality

Shale wildcatters, after years eye-rolling at skeptics, are now saying global analysts are underestimating just how severe the industry’s slowdown is.

The last barrel

Craig Fleming, World Oil

Between a rock and a hard place