Shale/Unconventional News

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ArcLight and Rattler Midstream Partner on Permian JV
Friday, February 21, 2020 The JV owns and operates the Yellow Rose gas gathering and processing system with total processing capacity of 40,000 Mcf/d.

Fracking Ban Would Cost Millions of Jobs
Thursday, February 20, 2020 A fracking ban would cost millions of jobs, according to the American Petroleum Institute.

Earnings Show Shale Players Competing for Dividend Growth
Wednesday, February 19, 2020 Independent explorers have been punished by investors for aggressive growth plans that favored skyrocketing production over returning cash to shareholders.

US Oil Export Story Has Really Just Started
Wednesday, February 19, 2020 All told, the US could become the largest crude oil exporter within five years.

Top Rigzone Articles Roundup
Friday, February 07, 2020 Here's a roundup of Rigzone's top five most popular articles during the last week, just in case you missed them...

Frac Players Feel Pinch of Refined Products Glut
Friday, February 07, 2020 Market-watcher says downstream should exert considerable influence on frac spread activity through the first half of 2020.

Permian Proves to be Double-Edged Sword for Exxon, Chevron
Friday, January 31, 2020 Exxon shares fell so much on Friday that the decline wiped out $12 billion in market value in less than three hours.

Earthstone Gets New CEO
Friday, January 31, 2020 Texas-based Earthstone Energy has announced that its current president will be appointed chief executive officer and president.

What Impact Would a Fed. Acreage Frack Ban Have?
Friday, January 31, 2020 Rystad Energy looks at the potential impact of a federal acreage fracking ban.

US Oil and Gas Jobs Increase
Thursday, January 30, 2020 The U.S. oil and gas industry employed 895,629 professionals in 2019.

Hess Announces $3 Billion 2020 E&P Budget
Wednesday, January 29, 2020 More than 80 percent of the funds will be focused on projects in Guyana and the Bakken.

Exxon at 10-Year Low
Tuesday, January 28, 2020 It's almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.

Sinking Natural Gas Prices Have Drillers Hitting the Brakes
Thursday, January 23, 2020 Gas production is showing signs of a slowdown after years of runaway growth.

US Shale Suffering From Sustained Contraction
Tuesday, January 21, 2020 Slower output growth would have global ramifications, given additional US barrels are forecast to account for most of the increase in 2020 worldwide supply.

Evolution Well Services Inks 2-Year Electric Frac Deal
Monday, January 20, 2020 Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter.

Panhandle Appoints New CEO
Monday, January 20, 2020 Panhandle Oil and Gas Inc. has revealed that Chad L. Stephens has been approved as the new chief executive officer of the company.

China to Buy $52B of Additional US Energy Products
Wednesday, January 15, 2020 China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world's two top economic superpowers.

Oil Down After Report American Stockpiles Growing
Wednesday, January 15, 2020 Oil traded near a six-week low after a report indicated American crude stockpiles increased.

Experts Insist Permian Output is Approaching a Peak
Tuesday, January 14, 2020 Over the past five years, has the industry and its investors mistaken a massive structural change for a simple cyclical event?

Saudi and UAE Service Firms Form Alliance
Tuesday, January 14, 2020 TAQA and AMPS seek to penetrate the Saudi hydraulic fracturing market.

Is Chevron's $11B Write-Down an Oilpatch Warning?
Tuesday, January 14, 2020 Current market conditions are resulting in many US fracking projects failing to break even.

Is the US Shale Boom Really Slowing Down?
Monday, January 13, 2020 If oil prices can stick above $65 or $70, US shale can get the proverbial "shot in the arm" to better its finances.

PE Boss Says Shale Will Deliver Returns This Year
Friday, January 10, 2020 This is the year when shale drillers are finally going to deliver solid returns to investors that have grown weary of the industry's decade-long cash burn, the head of explorer Parsley Energy Inc. said.

Permian Oil and Gas Employs 87,000 People in 2019
Thursday, January 09, 2020 Direct oil and natural gas employment in the Permian basin totaled 87,603 people in 2019, according to a new report from TIPRO.

Permian Pipeline Competition Heats Up
Friday, January 03, 2020 Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity.

US M&A Primed for a Comeback
Thursday, January 02, 2020 More than half a trillion dollars were spent on shale assets in the last 10 years.

Shell Makes Haynesville Shale Deal
Tuesday, December 31, 2019 Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell's subsidiary, BG US Production Company.

Is the US Shale Boom Really About to End?
Thursday, December 26, 2019 While there is distress for some companies, the situation offers an opportunity for others.

Permian Gas Problem Getting Worse
Tuesday, December 24, 2019 America's top shale field is becoming increasingly gassy as drilling slows down.

Permian Banks Latest Drag on Texas Economy
Friday, December 20, 2019 The slowdown in Permian Basin oil drilling and fracking is spreading to the lenders as austerity takes hold.

Hamm Invites Warren on Tour of Shale Heartland
Friday, December 20, 2019 Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected.

Devon Energy Sells Barnett Shale Assets for $770MM
Wednesday, December 18, 2019 Devon Energy Corp. has agreed to sell its Barnett Shale assets to Banpu Kalnin Ventures for $770 million.

US Energy Sec Shrugs Off Permian Oil Slowdown
Wednesday, December 18, 2019 The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to the new U.S. Energy Secretary.

China Breaking Records for Crude Oil Imports
Tuesday, December 17, 2019 China is breaking records for crude oil imports and isn't likely to stop soon.

SandRidge CEO to Resign
Friday, December 13, 2019 John Suter, SandRidge's chief operating officer, will service as interim president and CEO.

Global Upstream Investment to Dip in 2020
Friday, December 13, 2019 Overall global upstream investments will decrease by around four percent in 2020, according to the latest forecast by Rystad Energy.

Changes at the Top for Continental
Thursday, December 12, 2019 Continental Resources Inc founder and CEO Harold Hamm will step up to the role of executive chairman.

N. American Shale Primed for Growth Despite Possible Oil Price Declines
Thursday, December 05, 2019 The production outlook for North American shale will remain robust in coming years, despite a potential drop in oil prices, according to Rystad Energy.

Shale Frac Spread Rebound Hopes Fade
Thursday, December 05, 2019 A seasonal increase in the number of US shale basin-based frac spreads has not materialized.

Chesapeake Debt Deal Skirts Bankruptcy
Wednesday, December 04, 2019 Unfortunately, the move doesn't change the fundamental trajectory for the Oklahoma City-based shale producer.

NOV, Pumpco Energy Services Cut Jobs in Texas
Monday, December 02, 2019 Two oilfield services companies have conducted layoffs in Texas, according to notices received by the Texas Workforce Commission.

OPEC+ Gambles US Shale's Golden Age Is Done
Monday, December 02, 2019 OPEC is making another bold gamble on America's oil revolution: that its golden age is over.

US Solidifies Energy Producer Status
Monday, December 02, 2019 The U.S. solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949.

Texas Wildcatters Scoff at Growth Predictions
Wednesday, November 27, 2019 Texas wildcatters are now saying global analysts are underestimating just how severe the industry's slowdown is.

Natural Gas Emerging as the World's Go-To Fuel
Monday, November 25, 2019 The US shale revolution itself is at the heart of the global "dash to gas".

US Frac Sand Supplier Cuts 10% of Workforce
Friday, November 22, 2019 Frac sand supplier U.S. Silica Holdings, Inc. has cut 230 employees as it grapples with the current challenges in its energy markets.

Lack of Credit Is Latest Blow to Shale Industry
Friday, November 22, 2019 Banks have begun trimming back the credit lines of America's shale producers.

Billionaire Fracking Brothers Hit Hard by Permian Holdings
Thursday, November 21, 2019 Two brothers hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion. But many of their more recent investments in the Permian have turned to dust.

Petrofac Breaks Into Permian Shale Market with Latest Acquisition
Wednesday, November 20, 2019 International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.

California Bans High-Pressure Steam Oil Wells
Tuesday, November 19, 2019 California intensified its battle against fossil fuels by halting new permits for a key production technique following leaks at a Chevron Corp. facility in an area that has pumped crude for more than a century.