Shale ///

Diversity is in vogue again as oil investors see potential beyond shale

Suddenly, diversity is in again for the oil business.

WoodMac: ICE announces futures contract based on Permian crude to Houston

Today, the Intercontinental Exchange Inc. (ICE), an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate (WTI) crude oil futures contract with physical delivery in Houston.

Colorado drillers fuel record oil output in rush to finish wells

Booming oil production in Colorado is fueling record output in the Niobrara basin that spans four states.

Emerge Energy Services to open new frac sand terminal in British Columbia

Superior Silica Sands LLC, a subsidiary of Emerge Energy Services LP, has announced that it has signed an agreement with a third-party logistics provider, Torq Energy Logistics Ltd., to open a new frac sand terminal in Buick, British Columbia.

PetroShale announces $55-million deal in the North Dakota Bakken

PetroShale Inc. has announced that it has entered into an agreement with an independent oil and gas company to acquire high-quality, light oil-weighted assets in the core of its focus area in the North Dakota Bakken.

U.S. is set to become world's top oil producer, government says

The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play.

Permian pinch spurs pipeline binge, and fears of overbuild

The pipeline crunch threatening the world’s hottest shale play won’t be solved until at least the back half of next year. But then, the floodgates will open.

New products and services

Michele Cowart, World Oil

Nikon Metrology, in partnership with the COREX unit of Premier Oilfield Laboratories, is improving augmented rock core investigations by using high-resolution microfocus-computed tomography (micro-CT) scanning.

BP is front-runner to buy BHP's U.S. shale unit

BP Plc has emerged as the front-runner to buy BHP Billiton Ltd.’s onshore oil and gas operations in the U.S., according to a person familiar with the matter.

Water management

Mark Patton, Hydrozonix

Produced water reuse and frac fluid compatibility

Drilling advances

Jim Redden, Contributing Editor

Opening the Gen Z pipeline

Steel tariffs: A campaign promise the oil industry hoped Trump would not keep

David Blackmon, Contributing Editor

On March 1, U.S. President Donald Trump announced 25% tariffs on imported steel and aluminum. The E&P industry is telling Congress and the administration that this is a bad idea. The real question is “Why Was Anyone Surprised?”

Payback time, as LLS pricing lifts netbacks

Jim Redden, Contributing Editor

The Eagle Ford is enjoying a comeuppance, of sorts. Once left to pick up Permian basin leftovers, the unconventional elder has emerged as a veritable hedge against the bottleneck-induced price differentials of its high-flying neighbor to the immediate west.

Sumitomo Corporation invests in Texas oil production

Sumitomo Corporation's Representative Director, President and CEO, Masayuki Hyodo, is pleased to announce that subsidiary company, Summit Discovery Resources II LLC has reached an agreement with IOG Gonzales 1835 LLC, an entity managed by IOG Capital, LP, Covington Equity Investments LLC and 1836 Resources, LLC to acquire certain producing Eagle Ford properties in South Texas.

Clariant enhances capabilities at Clinton, Oklahoma facility

Clariant, a world leader in specialty chemicals, hosted a grand opening event for their new facilities based in Clinton, Oklahoma.

Hess Corp. announces $400-million sale of Utica shale acreage

Hess Corporation announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.

Texas oil and gas production statistics for April 2018

Production for April 2018 as reported to the Railroad Commission of Texas (Commission) is 83,157,720 barrels of crude oil and 548,754,930 mcf (thousand cubic feet) of total gas from oil and gas wells.

Sabine Oil sells interest in Texas shale assets to Osaka Gas

OG East Texas, LLC has entered into an agreement with Sabine Oil & Gas Corporation to acquire 35% of Sabine’s working interest in the gas properties located primarily in Harrison and Panola Counties, Texas, U.S.

Chemstream proves ShaleTech advances start in the lab

HOMER CITY, Pa. -- In the past year, Chemstream has transformed what once was a small area nestled at one end of the company’s headquarters into a spacious, state-of-the-art laboratory.

Gulf Energy Information, World Oil partner with PBWMC to host day two of ShaleTech

Gulf Energy Information, the media and market intelligence company that produces World Oil and its associated events, is pleased to announce the addition of a special water management segment at ShaleTech 2018.