Shale drillers are adding the most oil rigs since crude was worth $100/bbl as confidence that OPEC may finally agree to freeze output pushed futures into a bull market.
Amid the back-and-forth about just what Saudi Arabia is doing in the oil market comes a message from BHP Billiton: Whatever it is, it's working.
Liberty Oilfield Services, a privately held pressure pumping services company, has announced the release of its new Quiet Fleet.
Only the core survives mounting ROR pressure
Paved with best intentions
Is regulation the number-one issue with exploration and production?
Chesapeake Energy Corp. agreed to give away its Barnett Shale holdings to a private-equity backed operator, exiting the birthplace of the shale revolution to escape almost $2 billion in onerous pipeline contracts.
While shale drilling in the U.S. is on the rise again, prices need to climb nearer to $60/bbl for U.S. producers to have a “substantial” boost in activity, the International Energy Agency said.
Chesapeake Energy Corp. has announced that it has entered into an agreement to convey its interests in the Barnett shale operating area in North Texas to Saddle Barnett Resources, LLC--a company backed by First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy--and simultaneously terminate future commitments associated with this asset.
Argentina’s promising Vaca Muerta unconventional energy play could deliver approximately 560,000 bpd of liquids and 6 Bcfgd by 2040, increasingly meeting the country’s growing demands for energy with domestic production and helping reduce its dependence on imports, according to recent analysis from IHS Markit.
Oil producers in the U.S. are proving more resistant to low prices, even as global supply is set to fall into a deficit next year.
WellDog announced today the launch of its Shale SweetSpotter service, the first commercial reservoir-evaluation analysis technology specific to unconventional oil and gas, following successful field trials with its industry partner in the Marcellus shale.
By looking at the intentionally postponed (abnormal) part of the DUC inventory, Rystad Energy observed that all of the major liquid basins are exposed to completion delays.
U.S. oil drillers added rigs for the sixth-straight week, marking the longest period of expansion in a year as the shale patch revives from the worst downturn in a generation.
Amid the gloom and doom that’s set in all along America’s shale fields these past two years, there has been one small, but consistent, bright spot. Sand, it turns out, is a much greater tool in hydraulic fracturing than drillers had understood it to be.
Attendance at the Unconventional Resources Technology Conference in San Antonio may have been a bit light this week, given the continuing industry downturn, but the core group of shale experts and enthusiasts was still in evidence at this three-day event that ended Wednesday.
Quantum Materials Corporation has partnered with a Texas-based E&P technology business and is developing specialized nanomaterials for use in oil and gas well production optimization.
Newfield Exploration is to divest substantially all of its assets in Texas for combined net after tax proceeds of nearly $390 million, subject to customary purchase price adjustments.
Rystad Energy's latest North American Shale Report shows that the average wellhead breakeven price has decreased on average by 22% year-over-year from 2013 to 2016.
Statoil has agreed a further sale of non-core assets from its U.S. onshore portfolio, the third in the southern Marcellus in the last two years.