Shale ///

Interior Department revises "burdensome" Venting and Flaring Rule

As part of the Trump Administration’s ongoing goal to reduce the regulatory burden on the American people and foster economic growth and energy development by using innovation, best science, and best practices, the U.S. Department of the Interior's Bureau of Land Management (BLM) has announced a final rule that revises the 2016 Waste Prevention Rule (also known as the Venting and Flaring Rule).

Riverstone plans $900-million sale of oilfield services equipment company

Riverstone Holdings LLC is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about $900 million, according to people with knowledge of the matter.

New fluid end design increases packing life, decreases cost per pumping hour

VP Sales & Manufacturing (VP), a leading manufacturer and seller of high-quality frac fluid ends and replacement parts, launches Hercules 2 (H2), a new fluid end design with proprietary technology.

Gardner Denver releases newest pressure pumping fluid end technology

Gardner Denver Petroleum & Industrial Pumps, the only total solutions provider to the drilling, well servicing and frac pumps market, announced the launch of GDNX, the next generation of fluid end technology.

EIA: U.S. overtakes Russia, Saudi Arabia as world's largest crude producer

The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO).

Haynesville natural gas production is increasing, EIA says

In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.4 Bcfd, accounting for 8.5% of total U.S. dry natural gas production and the highest production from this region since September 2012.

Permian oil auction gets record $1 billion as bidding soars

The price to access unexplored shale assets on the New Mexico side of the Permian basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field.

Growth in tight oil shakes up futures markets and hedging needs

The vibrations of the shale boom are now shaking the futures market.

Southwestern Energy to sell Fayetteville shale business for $1.865 billion

Southwestern Energy Company has announced that it has entered into a definitive agreement with Flywheel Energy, LLC, a private company backed by Kayne Private Energy Income Funds, to sell its Fayetteville Shale E&P and related midstream gathering assets for $1.865 billion in cash, subject to adjustments and customary closing conditions.

Penn Virginia to begin auction process in September

Penn Virginia Corp. has reached out to potential buyers including Hilcorp Energy Co. and WildHorse Resource Development Corp. ahead of a sale process slated to start next month, according to people familiar with the matter.

BP considers selling older U.S. shale assets after BHP purchase

BP Plc is considering selling some of its older U.S. oil and gas fields after buying better quality ones from BHP Billiton Ltd. in July.

Life2018 sparks ethics conversations, future best practices in oil & gas

Bringing together the upstream oil and gas sector, Halliburton’s Life 2018 is a collaborative digital conference that focuses on technology advances in E&P.

Cubility delivers the latest innovation in solids control

The MudCube, a compact, lightweight solids control system from Norwegian company Cubility, eliminates the traditional process of shaking fluids and solids through a patented vacuum-based, rotating screen filtration system.

Fairfield Geotechnologies embarks on Quail Ridge East survey

Fairfield Geotechnologies announces its newest multi-client project in Lea County, New Mexico. Quail Ridge East is one of three ongoing surveys that extends Fairfield Geotechnologies’ data portfolio in the northern Delaware basin.

After success of first Osage formation test well, Jericho continues drilling momentum

Jericho Oil Corporation announces that its Oklahoma STACK Joint Venture (JV) will commence this week with the drilling of its second Osage formation well, the Trebuchet 21-23N-10W #1H, within its northern STACK acreage position further delineating the nearly 16,000 net STACK acres.

Fracing robots in the works as oil field is digitized

Rack up one more thing robots can be used for: Fracing for oil.

Magnolia Oil & Gas acquires majority of Harvest Oil & Gas' South Texas assets

Magnolia Oil & Gas Corporation has announced that it has agreed to acquire substantially all of the South Texas assets of Harvest Oil & Gas Corp. for approximately $135 million in cash.

Halliburton automates hydraulic fracturing with first-of-its-kind service

Halliburton Company today unveiled Prodigi AB Service, a first-of-its-kind offering that introduces automation to hydraulic fracturing. By automating the breakdown process of a fracturing treatment, Prodigi AB Service helps deliver better well performance.

EIA: Haynesville natural gas production reaches five-year high

In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.35 Bcfd, accounting for 8.5% of the total U.S. dry natural gas production, Haynesville’s highest production level since November 2012.

Midstates Petroleum in talks to buy some Sandridge assets

Midstates Petroleum Co. may soon walk away with at least some of SandRidge Energy Inc. after setting out to acquire all of it earlier this year.