Shale ///

Is peak output around the corner for U.S. shale drillers?

“I don’t think the call for the end of shale is stronger this year,” said Ed Morse, global head of commodities research at Citigroup Global Markets Inc. “But it’s more detailed.”

Elizabeth Warren’s shale shutdown proposal adds risk for operators, investors

Concern on Wall Street has been rising along with Warren’s poll numbers, with sectors such as financials, health care and industrials as well as energy identified among those at risk from her policy proposals.

Shale wells are on the edge of profitability at current prices

U.S. shale oil plays are “riding the edge of profitability” at current prices and the industry faces a significant slowdown in fracking activity if crude falls below $50/bbl for a sustained period, according to BloombergNEF.

Halliburton cuts 650 jobs in the Rockies on shale drilling slump

Halliburton is reducing its workforce in the Rockies as the biggest oilfield service contractor to announce job cuts grapples with a protracted spending slump in the shale patch.

Halliburton wins license to run ExxonMobil’s open hole completion technique

Halliburton has been awarded an international license for ExxonMobil’s patented Non-Aqueous Fluid Gravel Packing (NAFPac) technique for gravel pack completions.

Continental Resources mulls sale of stake in its shale water unit

Continental Resources is exploring a sale of a non-controlling stake in its water-infrastructure business that could value the unit at $1 billion or more, according to people familiar with the matter.

Oilpatch jobs are drying up in the Permian basin

Through August, Permian employment has grown at an annualized rate of 0.7%, far less than the 11.4% growth of the same period last year, the Dallas Fed said Wednesday in its latest monthly report.

GEODynamics introduces Vapr portless perforating system

Vapr’s open architecture design allows engineering teams to plan and complete multi-stage plug and perf operations more safely, precisely, and cost-effectively.

Schlumberger introduces at-bit steerable system for drilling horizontal wells in a single run

Developed as a fit-for-basin solution, NeoSteer ABSSs leverage digital technologies by combining the latest trajectory control algorithms, and machine-learning and data analytics to provide our customers improved planning and execution performance.

ConocoPhillips sells UK E&P subsidiaries, pulls out of Louisiana unconventional play

ConocoPhillips has completed its previously announced transaction to sell two ConocoPhillips UK subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments.

TPG terminates $930 million purchase of shale water handler Goodnight Midstream

The parties terminated TPG’s deal to buy a majority stake in Goodnight from Tailwater Capital on July 5 because Goodnight was unable to satisfy certain closing conditions, a representative for TPG said in an emailed statement. TPG announced the deal in March.

Pickering Energy Partners, Henry Resources strike Permian basin JV deal

Under the terms of the partnership, Henry and Pickering Energy Partners will target to invest at least $500 million in producing asset packages to be operated by the Henry team.

Permian ‘child’ wells may cut oil recovery up to 20%, bank says

Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together, according to a Houston-based investment bank.

The U.S. shale response to Saudi attacks? Not much, says IHS Markit

The initial 15% oil price jump resulting from the attacks in Saudi Arabia will not have any impact on the trajectory of 2019 U.S. shale production, IHS Markit says.

Natural gas may lose as oil surges, Goldman analysts say

U.S. natural gas may be the loser as surging oil prices prompt fracers to step up production from shale fields, according to Goldman Sachs.

Shale producers’ stocks surge as crude oil spikes

American shale producers, one of the worst-performing segments on the stock market this year, jumped Monday morning after an attack on a Saudi Arabia oil production facility over the weekend sent crude prices soaring.

The US shale revolution has reshaped the energy landscape at home and abroad, according to latest IEA policy review

The International Energy Agency released its latest in-depth review of US energy policies on Friday, welcoming US leadership on innovation and highlighting the far-reaching impact of the country’s shale revolution.

Water management

Mark Patton, Hydrozonix

The power of water

Executive viewpoint

Senator Joe Manchin, U.S. Senate

The time has come for an Appalachian Storage Hub

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector