Shale/Unconventional News

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Diamondback Makes Lario Permian Deal
Monday, November 21, 2022'Lario is an attractive bolt-on to our existing Martin County position, home to some of the best rock in the Permian Basin'.

Frack Sand Plant Fire Threatens Supplies for Texas Shale Wells
Monday, November 21, 2022A frack-sand plant in the Eagle Ford region of Texas erupted in flames over the weekend.

Magnitude 5.4 Quake Hits Texas
Friday, November 18, 2022A magnitude 5.4 earthquake occurred near the town of Mentone, Texas.

EPA Announces More Stringent Methane Measures
Tuesday, November 15, 2022The updates supplement proposed standards the EPA released back in November 2021.

Marathon Deal Exemplifies Dominant Theme of Post Covid Market
Monday, November 14, 2022'The deal addresses one of the key issues for Marathon'.

US Cuts Oil Output Forecast Again As Shale Slows Down
Wednesday, November 09, 2022The US slashed its 2023 oil production forecast meaning that world crude markets can't rely on US shale fields to ramp up supply quickly enough.

Future Diversification Is Key For US Shale Players
Monday, October 31, 2022Vast volumes of cheap shale gas have underpinned the US economy and now are coming to Europe's aid with additional large-scale LNG exports.

Biden Scolds Oil Giants For Handing Record Profits To Investors
Monday, October 31, 2022Politicians lash out against Big Oil executives for funneling windfall profits to investors.

Texas Becomes 1st State to Plug Wells Using Federal Funds
Friday, October 28, 2022Plugging work began earlier this month on an abandoned oil and gas well in Refugio County in South Texas.

Sinopec Announces Major Breakthrough for China Shale Gas
Tuesday, October 25, 2022Sinopec described the find as a 'major breakthrough for China's shale gas exploration'.

Top Headlines: Diesel Hits Chaos Mode and More
Saturday, October 22, 2022Check out some of Rigzone's top stories during the last week.

Texas Oil Output Drops
Tuesday, October 18, 2022Crude oil production in Texas dropped month on month.

Winners Of Eagle Ford Excellence Awards Announced
Monday, October 17, 2022The South Texas Energy and Economic Roundtable has announced the winners of the 2022 Eagle Ford Excellence Awards.

Energy Aspects Says Shale Oil Output Threatens to Peak in 2024
Friday, October 14, 2022Oil output from shale basins is at risk of peaking in just two years as drillers combat rising costs, analysts including Amrita Sen wrote in a note to clients dated Tuesday.

USA Upstream M&A Sees Best Quarter of 2022
Thursday, October 13, 2022Upstream deals in the U.S. reached more than $16 billion in transacted value during 3Q.

Diamondback Energy to Buy Permian Driller for $1.6B
Wednesday, October 12, 2022Diamondback Energy Inc agreed to buy closely held FireBird Energy LLC.

Origin to Sell 100 Percent of Its Beetaloo Basin Stake
Tuesday, September 20, 2022Origin Energy Limited has revealed that it will divest 100 percent of its interest in the Beetaloo Basin.

Federal Team Surveying Appalachia For Abandoned Oil Wells
Tuesday, September 13, 2022The U.S. National Energy Technology Laboratory experts have made three trips to the Olean area to survey for abandoned oil wells.

Top Headlines: Recession Playbook May Not Work on Oil This Time
Saturday, September 10, 2022Check out some of Rigzone's top stories during the last week.

Truss Announces Cap on Energy Bills
Thursday, September 08, 2022Liz Truss' UK government announced a sweeping package of measures to contain spiraling energy bills.

Chesapeake Says Tremendous Interest in Eagle Ford Assets
Thursday, September 08, 2022The company has fielded data requests from prospective buyers.

Europe Could Solve Gas Supply Problem With Return To Shale
Monday, September 05, 2022There is a long-term opportunity for unconventional exploration and appraisal as Europe diversifies away from Russian gas.

Eagle Ford Crude Oil Production Still Not On Pre-Pandemic Levels
Tuesday, August 30, 2022Constant increases in the past six months have not yet put Eagle Ford crude oil production on par with pre-pandemic levels.

Northern Oil And Gas Expands Midland Basin Portfolio
Tuesday, August 23, 2022Northern Oil and Gas has entered into a definitive agreement to acquire non-operated interests in the Midland Basin for $110 million in cash.

US Shale Operators Not Capitalizing On High Crude Prices
Wednesday, August 17, 2022US shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel.

Energy Industry Opposes Inflation Reduction Act
Friday, August 12, 2022The American Petroleum Institute has joined with nearly 60 other trade groups in opposing the Inflation Reduction Act as passed by the Senate.

Devon in $1.8B Eagle Ford Deal
Wednesday, August 10, 2022The transaction is expected to close at the end of the third quarter of 2022.

Pioneer CEO Says Tax Bill May Crush USA Mom-N-Pop Oil Drillers
Wednesday, August 10, 2022'There'll be more pressure on that small mom-and-pop independent'.

Chesapeake Tightens Strategic Focus
Friday, August 05, 2022'Simply put, we are tightening our strategic focus around our best rock, best operations and lowest emissions footprint'.

Pantheon Hits Multiple Oil Reservoirs At Second Alkaid Well
Monday, August 01, 2022Pantheon Resources has reached the total depth at Alkaid #2 well, hitting multiple oil-bearing reservoirs.

Issued Texas Drilling Permits Rise Year on Year
Tuesday, July 26, 2022The Railroad Commission of Texas issued a total of 1,146 original drilling permits in June.

Biden Crackdown On Permian Pollution To Trim Crude Output
Friday, July 22, 2022Biden's plan to crack down on smog in the oil-rich Permian Basin threatens to curb crude production while gasoline prices are near record highs.

Pure Oil Plays Still More Attractive Than Low-Carbon Diversification
Monday, July 18, 2022In the first half of this year, oil and gas performed so strongly that investors piled into the pure play oil and gas producers.

New Houston Headquartered Oil Producer Established
Wednesday, July 06, 2022Whiting Petroleum Corporation and Oasis Petroleum Inc have completed their combination.

BLM Announces Lease Sale Results
Tuesday, July 05, 2022Oil and gas lease sale results have been announced for Wyoming, Colorado, Montana/Dakotas, New Mexico, and Nevada.

Earthstone in $627MM Delaware Basin Deal
Friday, July 01, 2022Closing is anticipated in the third quarter of 2022.

More Oil Workers Being Trained to Operate in Permian
Tuesday, June 28, 2022The number of workers active in the Permian has dramatically increased since the invasion of Ukraine in late February.

Sonatrach Makes Massive Gas Find In Sahara Desert
Tuesday, June 28, 2022Sonatrach has made a massive new gas discovery that could hold as much as 12 trillion cubic feet of reserves.

Texas Oil and Gas Production Rises
Friday, June 17, 2022Oil and gas production in Texas rose month on month.

Targa Agrees $3.5B Permian Deal
Friday, June 17, 2022Targa described the deal as a complementary and highly strategic acquisition of a leading gathering and processing system in the Delaware Basin.

Devon Energy In $865MM Bolt-On Deal
Friday, June 10, 2022'This bolt-on acquisition is highly complementary to our existing position in the Williston Basin'.

No New Rigs for USA
Wednesday, June 08, 2022The U.S. rig count did not budge week on week.

Natural Gas Production In The Permian Hit Record Highs In 2021
Friday, June 03, 2022Marketed natural gas production from the Permian Basin in western Texas and eastern New Mexico reached a new annual high in 2021

Saipem Sells Onshore Drilling Ops for $550MM
Wednesday, June 01, 2022Saipem has announced that it has signed a binding agreement with KCA Deutag.

Top Headlines: ADNOC Announces 650MM Barrel Oil Find and More
Saturday, May 28, 2022Check out some of Rigzone's top stories during the last week.

Milestone Secures Waste Disposal Permit in Haynesville Shale
Thursday, May 26, 2022Milestone Environmental Services has secured an energy waste landfill permit in the Haynesville Shale.

World's Oil Growth Engine Is About to Slow
Wednesday, May 25, 2022Even with crude above $100 a barrel, producers in the Permian and other U.S. shale basins are riding the brakes.

Anti-Woke Texas Oil Regulator Fends Off GOP Rival
Wednesday, May 25, 2022Texas Railroad Commission Chairman Wayne Christian will now face Democrat Luke Warford, along with Green and Libertarian contenders, in the November general election.

ExxonMobil Selling Shale Assets for $750MM
Monday, May 23, 2022The transaction is expected to close in the second quarter of this year.

BlackRock Told Texas It Will Still Invest In Oil And Gas
Sunday, May 22, 2022BlackRock told Texas it's still committed to helping clients invest in the energy industry, rebutting suggestions that the firm boycotts fossil-fuel companies.