The technique itself is nothing new. Oil crews across the world have been schooled on its simple principles for generations: Identify aging, low-output wells and hit them with a blast of sand and water to bolster the flow of crude. The idea originated somewhere in the plains of the American Midwest, back in the 1950s.
LINN Energy, LLC and LinnCo, LLC announced Monday that LINN has signed a definitive agreement to sell its remaining position in Howard County in the Permian basin for a contract price of $281 million.
Unimin Energy Solutions has announced the delivery of the energy industry's longest frac sand unit train.
For the first time in almost seven months, America’s shale drillers put rigs in oil fields back to work, and they’re doing it at a lower price.
Drillers put rigs in U.S. oil fields back to work for the first time since December, driving down crude futures on speculation that an unprecedented retreat from the country’s prolific shale formations is ending.
Hess has completed the sale of a 50% interest in its Bakken midstream assets to Global Infrastructure Partners for a cash consideration of $2.675 billion, the company announced Wednesday.
The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy Inc., payments from the hedges accounted for a stunning 64% of first-quarter revenue.
Cuadrilla Resources Ltd., the driller whose fracing ambitions have sparked protests, was refused permission to drill in northwest England in the latest blow to the UK’s nascent shale-gas industry.
The U.S. rig count has ended a 28-week slide with Baker Hughes reporting the first addition of rigs since Dec. 5.
WPX Energy plans to increase its activity in the Williston basin during the second half of 2015 by resuming completions and increasing its rig count from one to three before year-end.
Located in the western portion of the Permian basin that straddles the Texas-New Mexico border, the Wolfcamp Delaware is an emerging hydrocarbon play that, according to new analysis from IHS has the economic potential to sustain select operators through this period of distressed oil prices. However, like most adolescents, it is a story of promise, potential and testing limits.
New U.S. fracing safety rules set to take effect Wednesday were put on hold by a Wyoming federal judge who said he needed more evidence to decide whether to block them as requested by drillers and four western states.
Vertechs Oil & Gas Technology has launched the “HydroGRS Casing Guiding Tool” which is designed to assist in getting the casing successfully to bottom in difficult environments resulting in time and cost savings.
The global oil market is tightening slowly from a peak supply and demand imbalance in second-quarter 2015, according to Rystad Energy’s latest research. The June Global Oil Market Trends Report sees insufficient oil demand growth to prevent further counter-seasonal stock building in the third and fourth quarters.
High noon for the Obama administration’s stricter rules for fracing on public lands has arrived on the Wyoming range.
Hedge funds reduced both bullish and bearish bets on oil for a fourth week as rising OPEC output was met with forecasts for a contraction in U.S. supply.
Williams Cos. has rejected a $48 billion stock- based takeover offer from pipeline magnate Kelcy Warren;s Energy Transfer Equity that aims to derail a consolidation of the North American natural gas and oil hauler.
GulfSlope Energy has received notice of award of two offshore lease blocks for which it was the high bidder at offshore lease sale 235, central Gulf of Mexico, conducted by the Bureau of Ocean Energy Management (BOEM).
The U.S. rig count dropped for the 28th straight week Friday, according to the latest data from Baker Hughes.
Twin Eagle Resource Management, LLC announced Thursday the acquisition of a 100% interest in StarMex Big Wells, LLC, a 42-mile crude oil gathering system pipeline in the Eagle Ford shale region that connects to the major long-haul pipelines in the Gardendale area. StarMex Big Wells will be renamed Twin Eagle Gardendale Pipeline, LLC.