Shale/Unconventional News


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Exxon, Chevron Battle it Out in the Permian
Friday, March 22, 2019 New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.

Alberta Learns Playing OPEC Isn't Easy
Friday, March 22, 2019 Pipelines are full, but the cost of shipping oil by train to the U.S. means it's not competitive with supplies from shale or Mexico.

US Emerging as a LNG Powerhouse
Friday, March 22, 2019 The LNG export market is projected to surge over the next three decades.

$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019 Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.

Oil and Gas Employs Near 350,000 Texans in 2018
Wednesday, March 20, 2019 The oil and natural gas industry employed over 348,000 Texans in 2018, TXOGA reveals.

NGL Storage Transition Underway on Gulf Coast
Wednesday, March 20, 2019 Caliche Coastal's ethylene cavern surface facility near Beaumont, Texas. PHOTO SOURCE: CDP

Williams, CPPIB to Form $3.8B Shale Gas JV
Tuesday, March 19, 2019 Canada Pension Plan Investment Board and Williams have entered into a long-term partnership that will help Williams optimize its midstream operations in the western Marcellus and Utica basins.

Equinor May be Mulling Eagle Ford Sale
Monday, March 18, 2019 Norway's biggest oil company has held talks with potential suitors for its stake in the Eagle Ford business.

Carrizo, SM Energy in Talks to Team Up
Monday, March 18, 2019 The talks come as volatile oil prices put pressure on small and midsize energy explorers to pair up to cut costs.

Algeria NOC Enlists WorleyParsons' Help to Boost Output
Friday, March 15, 2019 Sonatrach wants to command a Top 5 NOC position.

Exxon Hits the Brakes on $1.9B Project
Friday, March 15, 2019 Exxon's Canadian subsidiary, Imperial Oil Ltd., was planning to bring the 75,000-barrel-a-day project online in 2022.

Exxon Plans for $15 per Barrel Permian Costs
Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields.

What Does an Election Mean for UK Oil and Gas?
Wednesday, March 13, 2019 If there was a general election in the not too distant future, what would it mean for the UK oil and gas industry?

US Slashes Oil Production Forecast
Tuesday, March 12, 2019 While crude output is still expected to reach record levels, the EIA trimmed its 2019 forecast.

Marathon Oil Opts for Overlooked Acreage Outside of Permian
Tuesday, March 12, 2019 The explorer is opting to snap up cheap acreage in overlooked areas like the Louisiana Austin Chalk.

Chevron CEO Talks Permian, Diversity at CERAWeek
Tuesday, March 12, 2019 Chevron's Mike Wirth speaks about the surge in Permian production and why the company hasn't forgotten about its other resources.

OPEC Splits Appetizer with Shale Adversaries
Tuesday, March 12, 2019 OPEC's secretary general met with senior executives from North America's booming shale oil industry for dinner in Houston.

OPEC Will Be Squeezed by US Shale Until Mid-2020s
Monday, March 11, 2019 By 2024, OPEC's capacity to pump crude will shrink because of declines in Iran and Venezuela, according to the International Energy Agency.

Shell on the Prowl for Permian Deals
Monday, March 11, 2019 Shell is eyeing takeovers to take advantage of smaller drillers squeezed by costs and investors hungry for returns.

Permian Shale Primed For Mergers and Acqusitions
Monday, March 11, 2019 The Permian Basin is on the cusp of a radical transformation with one simple premise: bigger is better.

Permian Refinery to Apply Lessons from Bakken Project
Monday, March 11, 2019 An aerial view of the Belfield, N.D. site where Meridian Energy is building its Davis Refinery.

Mining Support Jobs Decline by Thousands in Feb.
Friday, March 08, 2019 U.S. mining employment showed slight dips in February, according to data from the U.S. Bureau of Labor Statistics.

US to Export More Oil, Liquids than Saudi Arabia in 2019
Thursday, March 07, 2019 The U.S. is poised to export more oil and liquids than Saudi Arabia by year-end, according to Rystad Energy.

Permian Still Booming Despite Hurdles
Thursday, March 07, 2019 The Permian's oil pipeline network is expected to grow 60-70 percent in the next five years.

Exxon, Chevron Expect Surge in Permian Production
Tuesday, March 05, 2019 ExxonMobil and Chevron both expect their Permian output to reach around 1 million barrels per day by 2024.

Permian Jobs Roundup
Tuesday, March 05, 2019 The top cities, sectors and positions for oil and gas jobs in the Permian.

Bidders Surface In BP's $7B US Shale Sale
Friday, March 01, 2019 BP's sale of a portfolio of U.S. onshore shale assets is progressing.

US Shale Operators Cut CAPEX, Up Production
Friday, March 01, 2019 Analysis from Rystad Energy reveals a boost in production and a decrease in capital spending for U.S. shale companies in 2019.

Shale Firms Face Investor Frustration
Thursday, February 28, 2019 Company leaders are being punished for failing to convert vast holdings into profits.

Oil Holds Near 3-Month High
Monday, February 25, 2019 Oil held gains above $57 a barrel as a U.S. move to extend a trade truce with China raised hopes that the world's 2 biggest economies would soon resolve their differences.

ExxonMobil Teams with Microsoft in the Permian
Friday, February 22, 2019 The oil major has partnered with Microsoft to bolster its operations in the Permian Basin.

New CEO for Pioneer
Friday, February 22, 2019 Timothy L. Dove will retire as CEO and a board director, effective immediately.

Oil Set for Second Weekly Gain
Friday, February 22, 2019 Oil headed for a second weekly advance on signs the U.S. and China are moving closer to a trade deal, and as investors weighed the OPEC+ coalition's output cuts against surging American supply.

Permian Frac Scene Could Get Busier Soon
Friday, February 22, 2019 The oilfield services sector in the Permian Basin could be getting action-packed.

Permian Oil and Gas Production to Hit New Records
Thursday, February 21, 2019 Oil and gas production in the Permian will hit new records next month, according to the EIA.

Devon Energy to Divest Barnett Shale, Canadian Oil Sands Assets
Wednesday, February 20, 2019 In a move to becoming a U.S. oil growth business, Devon Energy's board of directors approved the company's separation of its Canadian oil sands and Barnett Shale assets.

Permian Player May Be Too Big To Sell
Wednesday, February 20, 2019 Consolidation has been a hot topic in the Permian Basin.

New Brazil Production Adds to OPEC Headache
Wednesday, February 20, 2019 A new Brazilian oil supply boom is poised to challenge OPEC's oil market balancing efforts.

America's Shale Boom Keeps Rolling
Wednesday, February 20, 2019 America's surging shale oil production shows little sign of abating, despite industrywide spending cuts.

China Oil Find Could Trigger Shale Drilling Surge
Tuesday, February 19, 2019 An oil discovery in a remote corner of northwestern China could trigger a surge in shale drilling.

It's All Going Wrong for OPEC
Thursday, February 14, 2019 Even as oil producing states in OPEC and beyond begin implementing the output cuts they agreed in December, the world's need for their crude is shrinking further.

Chevron CEO Says Lower Your Costs or Die
Wednesday, February 13, 2019 In a time of transition, where everyone from politicians to shareholder activists is bashing Big Oil, shale's success is forging a new reality, Wirth said: Lower your costs, or die.

JV to Move Natgas from Eagle Ford to Agua Dulce
Wednesday, February 13, 2019 Howard Energy Partners and NextEra Energy Partners have entered into a joint venture to develop more natural gas transportation opportunities in the Eagle Ford.

US Adds Seven Oil Rigs
Friday, February 08, 2019 The US saw an addition of seven oil rigs this week but saw a decline in gas rigs.

Size Matters for Profitable Shale Drilling
Thursday, February 07, 2019 When it comes to whether or not shale drilling in the Permian is actually profitable, Rystad Energy concludes that operator size matters.

Frac Sand Accumulates as Demand Weakens
Wednesday, February 06, 2019 Just a year after rushing into America's busiest oil field with new mines, frac-sand producers may have overdone it.

Global Offshore Oil Set to Rebound?
Monday, February 04, 2019 Offshore spending is expected to increase 4-5% in 2019 and even outgrow onshore investment.

Oil Holds Gains
Monday, February 04, 2019 Oil held gains near a 2-month high after data showed U.S. production growth slowing at a time when OPEC cuts and American sanctions on Venezuela have already eased concerns over a supply glut.

The Great Oil Paradox
Friday, February 01, 2019 There's a growing problem - America is producing the wrong kind of oil.

Trump's Price Policies Hurting US Shale Activity
Thursday, January 31, 2019 Recent WTI declines were sparked by record output from Saudi Arabia and Russia, a response to rising oil prices and encouragement from the President.