Shale ///

Iran sees shale recovery as OPEC longs for $80 crude

Most OPEC members would like to see crude prices at $70 to $80/bbl and the producer group doesn’t need to coordinate with other oil suppliers to determine output levels, Oil Minister Bijan Namdar Zanganeh said in an interview.

WPX Energy sells North Dakota gathering system

WPX Energy has agreed to sell a North Dakota gathering system for approximately $185 million toa private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P.

For OPEC, this year’s painful oil slump will bring gains in 2016

While OPEC’s fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50/bbl, an entirely different picture could emerge next year.

EIA expects near-term decline in natural gas production in major shale regions

Natural gas production across all major shale regions in EIA's Drilling Productivity Report (DPR) is projected to decrease for the first time in September. Production from these seven shale regions reached a high in May at 45.6 Bcfd and is expected to decline to 44.9 Bcfd in September.

Eagle Ford production remains resilient, Wood Mac says

Despite the slowdown, production growth in the Eagle Ford remains resilient as sweet spots emerge across all active sub-plays according to Wood Mackenzie's North America Key play analysis.

Blame oil glut on investors who still love drilling over profits

Investors sent a surprising message to U.S. shale producers as crude fell almost 20% in August: keep calm and drill on.

Encana to sell Haynesville natural gas assets

Encana Oil & Gas (USA) Inc. has reached an agreement to sell its Haynesville natural gas assets, in northern Louisiana, to GEP Haynesville, LLC.

Oil-stock plunge erases $17 billion as Exxon hits 5-year low

Oil and gas producers dropped to their lowest level in almost four years as collapsing markets in China heightened concern that demand will falter, aggravating a glut.

Total abandons Danish shale gas well

French energy giant Total has been left disappointed by a shale exploration well in Denmark.

Shale pioneer McClendon seeks Australian drilling right

U.S. shale gas explorer Aubrey McClendon is negotiating a $100 million acquisition of Australian drilling rights in a move that marks the former Chesapeake Energy Corp. chief’s first move overseas.

Marcellus shale gas revolution deals blow to Rockies’ producers

Eight years ago, a group of companies led by Kinder Morgan Energy Partners began building a $6.8 billion pipeline to carry natural gas from America’s Rocky Mountains to fuel-hungry markets in the East.

Companies kick off joint shale gas study in British Columbia

Japan Oil, Gas and Metals National Corporation and INPEX Corporation have started a joint study on technology relating to shale gas development in the Horn River, Liard and Cordova areas in the province of British Columbia, Canada, with INPEX Gas British Columbia and Nexen Energy ULC.

Colorado already put methane caps on drillers, and it worked

For an idea of how the U.S. government’s proposed methane rules will affect drillers, look no further than Colorado.

EPA proposes 45% reduction in methane leaks from oil, gas operators by 2025

The Obama administration has proposed the first federal rules to cut methane emissions from oil and gas production. The proposed rules from the EPA target oil wells, compressors and other equipment as part of an effort to reduce leaks of methane by as much as 45% by 2025.

Utica shale set for new dry gas gathering system

MarkWest Energy Partners and The Energy & Minerals Group (EMG) are to develop a new, large-scale dry gas gathering system to strategically expand the parties’ position in the Utica shale.

North America spearheading rise in LNG liquefaction capacity growth

Global LNG capacity would more than double from 341 mtpa in 2015 to 811 mtpa by 2019 based on proposed natural gas liquefaction projects, according to research and consulting firm GlobalData.

DEP releases latest revisions of oil, gas rulemaking

Pennsylvania's Department of Environmental Protection (DEP) has announced the draft final revisions to the Environmental Protection Performance Standards at Oil and Gas Well Sites rulemaking (Chapters 78 and 78a).

UK to speed up shale gas planning decisions

Shale gas planning applications in the UK will be fast-tracked through a new, dedicated planning process, under measures announced Thursday.

Packers Plus, Acacia subsidiary collaborate for licensing of multi-zonal completion technology

Packers Plus and a subsidiary of Acacia Research Corporation have announced their collaboration on the licensing of a set of fundamental patents related to multi-zonal completion of horizontal wells, including ball-drop, sliding sleeve and packer technology for use in the hydraulic fracturing of both tight and conventional oil and gas reservoirs.

Oil at $30 is no problem for some cost-cutting Bakken drillers

The lowest crude prices since 2009 might still not be enough to end the U.S. energy renaissance.