OPEC finally blinked in its two-year price war with U.S. oil producers. Whether that translates into a financial victory for the American shale industry remains to be seen.
Packers Plus Energy Services developed a unique completion design that helped to significantly increase stage counts and pump rates to stimulate more pay zone over previous wells for an operator in British Columbia's Montney formation.
KKR and Venado Oil and Gas are partnering to consolidate proven assets in the Eagle Ford shale of South Texas.
The biggest reboot of U.S. oil and gas rigs in two years will gain traction as higher prices prompt producers to resume investment in the most profitable plays, according to a report by Platts RigData.
U.S. liquefied natural gas was supposed to go mainly to Asia and Europe, lured by prices as much as four times higher than those at home. So far, South America has been the destination of choice.
Last spring, Statoil announced it had used the same oil well design and components to drill three reservoirs for the price of one.
Rice Energy has entered into a purchase and sale agreement to acquire Vantage Energy, LLC and Vantage Energy II, LLC for approximately $2.7 billion, including the assumption of debt.
The UK opposition Labour Party would ban hydraulic fracturing for shale gas if it wins the next general election, according to its energy spokesman Barry Gardiner.
Slower growth in oil supply is helping the crude market to re-balance, and prices are set to increase over time, according to the head of the world’s biggest producer.
Production of oil and natural gas in the Appalachian basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012.
Recent analysis and statistical research have shown that break-even prices for oil production in the major U.S. shale plays have fallen, on average, at least $30/bbl for WTI.
The biggest player in the Permian basin, America's most coveted oil field, thinks rig counts in the region are poised for explosive growth.
Argentina’s biggest oil company sees the government removing production subsidies by the end of 2017, a step that may help lure investment as President Mauricio Macri tries to sell his vision of a more competitive economy.
Endeavor Management has opened participation in its latest joint industry project (JIP)—Best Practices for Shale Completion Operations.
Encana Corp., the Canadian oil and natural gas producer, plans to sell 107 million shares to fund part of its 2017 budget and repay debt.
Oil prices are depressed, but Texas shale has never been more valuable.
Sound Energy, the European and African focused upstream company, has announced that the second Tendrara well has now been drilled to the third and final casing point at an MD of 2,623 m and that operations have started to set and cement the 7-in. liner in the TAGI-I shale formation.
RockPile Energy Services, a portfolio company of White Deer Energy, has acquired American Well Service (AWS), a Kenmare, North Dakota-based workover rig company.
A study in the Eagle Ford shale assessed the challenges associated with cluster efficiency in horizontal plug-and-perf treatments, as well as the application and methodology of using a diverter. Production was analyzed to validate the diverter’s performance, and fiber-optic data provided subsurface insight to validate diversion effectiveness.
BP Plc would rather invest in Argentina’s shale oil fields than in Texas’ Permian basin, the U.S. drilling hot spot, CEO Bob Dudley said.