Shale/Unconventional News

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ConocoPhillips Completes $9.5B Shell Deal
Thursday, December 02, 2021The assets include around 225,000 net acres and producing properties located entirely in Texas.

Chevron Sets 2022 Spending Budget At $15B
Thursday, December 02, 2021Chevron has announced a 2022 organic capital and exploratory spending program of $15 billion, up more than 20 percent from 2021 expected levels.

Shale Drillers to Lift USA Spending 19 Percent
Thursday, December 02, 2021Expenditures will rise to $83.4 billion in 2022, the highest since the Covid-19 pandemic emerged.

Exxon To Spend $15B On GHG Reduction Projects By 2027
Wednesday, December 01, 2021Exxon will increase spending to $15 billion on GHG emission-reduction projects over the next six years.

Shale Output Discipline Begins to Pay Off
Wednesday, December 01, 2021Publicly listed oil producers have drastically changed their business model since Covid-19.

Samsung Nets $1.23B Deal For Jafurah Gas Treatment Facility
Wednesday, December 01, 2021Samsung Engineering has received a contract for the Jafurah Gas Process Package #1 Project from Saudi Aramco worth $1.23 billion.

Shale Patch Sees Limited Impact from Biden Oil Release
Wednesday, November 24, 2021Industry players generally agreed that the move will have a limited effect on lowering gasoline prices.

Texas Upstream Employment Rises Again
Tuesday, November 23, 2021The rise marked the sixth consecutive month of job growth for the industry since April.

NOG in Permian Expansion with Significant Deal
Thursday, November 18, 2021The effective date for the transaction is October 1 and Northern expects to close the deal in the first quarter of next year.

Ironwood Significantly Expands Eagle Ford Shale Footprint
Thursday, November 18, 2021The Ironwood leadership team has assumed management of the Nuevo Midstream Dos assets.

Halliburton and Cairn Sign MOU
Wednesday, November 17, 2021The alliance will evolve through three distinct stages of conceptual design, conceptual detailing and execution.

Shale Making Too Much Money to Rescue Biden
Tuesday, November 16, 2021U.S. oil explorers are making more money than at any time since the shale revolution began over a decade ago, according to Deloitte LLP.

Top Headlines: Maersk Drilling Merging with Noble Corporation and More
Saturday, November 13, 2021Check out some of Rigzone's top stories during the last week.

Civitas Buys Credits to Offset Carbon Emissions
Friday, November 12, 2021The credits cover emissions from the company's operations and the power and heat it uses, classified as Scope 1 and Scope 2, according to Ben Dell, its chairman.

USA EIA Releases Latest Oil Price Forecast
Wednesday, November 10, 2021The EIA's November STEO highlighted that Brent crude oil spot prices averaged $84 per barrel in October.

USA Should Have Enough Gas to Avert Energy Crisis
Tuesday, November 09, 2021Americans should have enough natural gas to keep homes warm and factories running.

Vitol Says OPEC+ and Saudis Will Stay Cautious
Monday, November 08, 2021U.S. President Joe Biden called on OPEC+ to speed up the easing of supply curbs it began in early 2020 with the onset of the coronavirus pandemic.

Permian Sees 70 Percent Drop in Methane Emissions Intensity
Monday, November 08, 2021Methane emissions intensity in the Permian Basin has dropped almost 70 percent.

Pioneer Announces $3.25B Permian Deal
Friday, November 05, 2021The deal is expected to close towards the end of the fourth quarter of this year.

Iran News Sends Oil Prices Lower
Friday, October 29, 2021Rigzone's regular market watchers look at oil prices, the potential restart of Iran nuclear talks, Shell's pushback on breakup calls and more.

Texas Upstream Employment Rises
Tuesday, October 26, 2021The employment rise last month marked the fifth consecutive month of job growth since April.

Permian Oil Production Near Pre-Covid Record Numbers
Tuesday, October 19, 2021Oil output in America’s most prolific shale patch is getting closer to levels seen before the pandemic-driven market crash, as crude prices surge.

Shale Gas Drillers Allowed Trade Credits For Low Methane Emissions
Tuesday, October 19, 2021Shale gas drillers can now trade credits for curbing emissions of one of the most potent agents of global warming.

Top Headlines: Energy Crisis Threatens to Hit USA Grids and More
Saturday, October 16, 2021It was another action packed week in the energy world.

California County Loses Bid to Reinstate Frac Ban
Friday, October 15, 2021Monterey County voters in November 2016 passed a measure prohibiting land use in support of new oil and gas wells and fracking activities in unincorporated areas.

Halliburton Strikes Electric Frac Deal
Thursday, October 14, 2021The multi-year contract is with Aethon Energy.

Conoco Defies Governor Ban with Vaccine Mandates
Thursday, October 14, 2021A small number of employees in Texas will be covered by the requirement.

First Fully Automated Land Rig Drills First Well
Tuesday, October 12, 2021The well was drilled to a total measured depth of 19,917 feet.

Northern Buys Stakes Across 400 Producing Wellbores
Tuesday, October 12, 2021The wellbores are located primarily in Williams, McKenzie, Mountrail and Dunn Counties, ND.

Sinopec's Fuling Field Sets Gas Shale Production Record
Monday, October 11, 2021Sinopec’s Fuling field – the first commercially developed and operated large-scale shale gas field in China – has set a new record for the cumulative production of shale gas in the country.

Permian Shale Oil Is Booming Again
Monday, October 11, 2021Increased access to financing and strong oil demand has created an opening for closely held producers.

Penn Virginia Corp Closes Deal and Plans Renaming
Friday, October 08, 2021Penn Virginia Corporation (NASDAQ: PVAC) has closed the acquisition of Lonestar Resources US Inc.

Oil Market Needs $500B+ Injection to Ensure Supply
Thursday, October 07, 2021Oil explorers need to raise drilling budgets by 54 percent to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody's Investors Service Inc.

USA Shale Cos to See Minimal Expansion Despite Rally
Wednesday, October 06, 2021U.S. shale oil production will expand at a "modest rate" over the next 18 months even as prices touch multiyear highs, according to BloombergNEF.

Texas Company Buys Midland Basin Assets
Wednesday, October 06, 2021Texas headquartered Earthstone Energy (NYSE: ESTE) has entered into definitive agreements to acquire privately held operated assets in the Midland Basin from two sellers.

TRC Elects New Chairman
Sunday, October 03, 2021The Texas Railroad Commission has revealed that commissioner Wayne Christian has been unanimously elected chairman of the organization for the second time.

Texas Gas Flaring Falls to Lowest Rate in Years
Thursday, September 30, 2021The statewide flaring rate in Texas fell to its lowest rate in years in July, according to a recent Texas Railroad Commission production data report.

USA Oil Production Outlook Set to Grow
Tuesday, September 28, 2021The U.S. oil production outlook is set to grow over the next five years, according to GlobalData.

Commodity Giant Paints Bullish Oil and Gas Outlook
Monday, September 27, 2021The world faces higher oil and gas prices this winter and beyond as supply struggles to catch up with fast-rising demand, according to Trafigura Group.

Top Headlines, Shell and ConocoPhillips in $9.5B Permian Deal and More
Saturday, September 25, 2021Here are some of Rigzone's top stories during the last week, just in case you missed them...

Oil Market Cherry Picking USA Inventory Data
Friday, September 24, 2021Rigzone's regular market watchers take a closer look at U.S. inventory data, Shell and ConocoPhillips' major Permian deal, Covid developments and more.

Texas Upstream Employment Grows
Thursday, September 23, 2021Upstream oil and gas employment in Texas grew.

Shell and ConocoPhillips in $9.5B Permian Deal
Tuesday, September 21, 2021Royal Dutch Shell plc (NYSE: RDS.A) has announced that its subsidiary, Shell Enterprises LLC, has reached an agreement for the sale of its Permian business to ConocoPhillips (NYSE: COP) for $9.5 billion in cash.

Diamondback Rises After Accelerating Returns
Friday, September 17, 2021Diamondback Energy Inc. rose in after-hours trading after pledging to accelerate cash returns to shareholders in the fourth quarter.

Warwick Buys $450MM of Texas Shale Assets
Thursday, September 16, 2021One of the biggest U.S. investors in oil and natural gas wells is buying $450 million worth of assets in the Texas Eagle Ford shale basin from a renowned energy family in Dallas.

TRC Makes It a Little Harder for Wells to Flare Gas
Wednesday, September 15, 2021Getting a permit to burn excess natural gas at Texas oil wells is getting a little bit harder.

New TPI Points to Lower Texas Upstream Employment
Thursday, September 09, 2021The latest Texas Petro Index points to lower upstream oil and gas industry employment than other sources have published, the Texas Alliance of Energy Producers has revealed.

Range Bound Oil Market Finally Breaks Loose
Friday, September 03, 2021Rigzone's regular market watchers look at the effects of Hurricane Ida, the results of the latest OPEC+ meeting, the latest U.S. inventory report and more.

Fire Reported on Gulf of Mexico Rig and More
Saturday, August 28, 2021Here are some of Rigzone's top stories during the last week, just in case you missed them...

Top Cities and Companies for Texas Oil Job Postings
Thursday, August 26, 2021The Texas Independent Producers and Royalty Owners Association (TIPRO) has released new workforce data highlighting the top cities and companies for unique oil and gas industry job postings in Texas in July.