Shale ///

U.S. explorer Halcon Resources files for bankruptcy

Halcon Resources Corp., the oil and gas explorer founded by wildcatter Floyd Wilson, filed for bankruptcy as part of a restructuring agreement reached with key lenders in May.

U.S. shale gas shaking up global markets as LNG supply surges

Shale drillers from Pennsylvania to Texas flooded the U.S. with so much natural gas over the past decade that prices slid to a 17-year low. Now they’re going global, with the potential to upset markets from London to Tokyo.

Painted Pony swaps Montney acreage, wells with industry partner

Painted Pony Petroleum has entered into an asset exchange agreement, which includes Montney acreage, wells and non-operated facility interests, with a large industry partner on jointly held acreage in the Daiber, Cameron and Blair areas of Painted Pony's northeast British Columbia Montney asset.

Falcon spuds Beetaloo W-1 vertical well in Beetaloo basin, Australia

Falcon Oil & Gas Ltd. has announced the successful re-entry and casing of Amungee NW-1H horizontal well, and the spudding of the Beetaloo W-1 vertical well in the Beetaloo basin, Australia.

Southwestern's gas drilling revival could be bad sign for U.S. bulls

Southwestern Energy Co.’s revival of its dormant drilling program may be the beginning of the end for the U.S. natural gas rally.

Fraclog in the biggest U.S. oil field may all but disappear

The number of dormant crude and natural gas wells in the U.S. stopped growing in the first quarter—and may all but disappear in the nation’s biggest oil field should prices hold steady.

Packers Plus cuts completion costs in Duvernay formation by up to 30%

Packers Plus Energy Services’ StackFRAC Titanium XV HPHT open hole ball drop completion system enabled operators in Alberta's Duvernay formation to achieve cost savings of up to 30% compared to plug-and-perf completion methods.

Refracturing immediately increases gas rate 700% and sustains 400% increase for three months in Haynesville shale well

In the Haynesville Shale, an operator wanted to optimize production gas wells that were underperforming due to understimulation of the lateral and high bottomhole pressure drawdown. Refracturing improved proppant transport to create new fractures, reconnect existing fracture networks, and enhance the stimulated reservoir volume—resulting in a 700% immediate increase in gas rate

Chesapeake, Tom Ward sued by shale owners for alleged conspiracy

Chesapeake Energy Corp., the company Aubrey McClendon built into a natural-gas giant, was sued along with his former partner by investors who say the pair conspired to rig bids for drilling rights during the shale boom.

Horizontal drilling seen key to boosting output from tight conventional reservoirs

A new study indicates there is significant upside potential for U.S. oil and gas operators to apply lower-cost unconventional drilling and completion technologies to boost production from tight conventional reservoirs, according to analysis from IHS Markit.

U.S. tight oil is biggest winner of cost cutting, Wood Mac says

The collapse in oil prices in 2014 left many planned oil investments with high costs and not commercially viable. Two years on, and the industry has started to adapt to lower oil prices, cutting costs, and getting more projects over the economic threshold.

IEA sees record Middle East oil supply while U.S. output slumps

Oil production from the Middle East has climbed to a record while U.S. output slumps, the International Energy Agency said, in a sign that OPEC’s strategy of defending market share is succeeding.

ShaleTech: Australia-China shales

Jim Redden, Contributing Editor

Despite state policies, tough economics stymie gas

Statoil completes sale of W.Va. Marcellus assets to EQT

Statoil has completed the sale of its non-core operated assets in the U.S. state of West Virginia to EQT Corporation.

Suncor top dealmaker as CEO doubles down on oil-sands future

Suncor Energy Inc. is making the biggest bet on oil among the world’s largest producers, counting on recent purchases to help push costs lower while betting demand will outweigh supply.

Seven Generations buys Alberta shale assets in C$1.9 billion Paramount deal

Seven Generations Energy Ltd. agreed to buy assets in Alberta’s Montney shale play from Paramount Resources Ltd. as it presses ahead with an expansion during the industry’s worst downturn in decades.

U.S. producers are threatening to boost output yet again

Shale producers are tapping their crown jewel assets in response to the latest oil price rally, according to Morgan Stanley.

U.S. drillers bring back rigs as oil market seen stabilizing

HOUSTON (Bloomberg) -- Shale drillers brought back the most oil rigs of any week this year as confidence in a stabilized market is prompting talk of expansion throughout 2016.

Panama Canal to see 550 U.S. LNG tankers a year following expansion

Natural gas exports from the U.S. Gulf Coast will reach buyers in Asia and South America faster and at lower costs thanks to an expanded Panama Canal that could see 550 tankers a year by 2021.

Triangle USA Petroleum, oil and gas explorer, files bankruptcy

Triangle USA Petroleum Corp., an oil and gas explorer working one of the largest shale oil reservoirs in North America, filed for bankruptcy with a plan to restructure that will keep its parent company out of Chapter 11.