Shale/Unconventional News


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Shell is Wrong: Global Oil Demand Can Only Increase
Wednesday, November 21, 2018 The great shale rise has put to bed the 'peak oil production' theory but it has not stopped the apparent new concern of 'peak oil demand.'

Why US Oil Production Won't Peak Anytime Soon
Monday, November 19, 2018 The US shale oil revolution continues to defy the skeptics.

US Adds Oil Rigs for Fifth Out of Sixth Weeks
Friday, November 16, 2018 This week's rig count marks the fifth out of six weeks that the nation has added oil rigs.

US Crude Production to Hit Record 7.94 MMbpd in December
Wednesday, November 14, 2018 The US EIA projects record crude oil production in December.

Permian Pipes Are Coming, But The Workers Aren't
Tuesday, November 13, 2018 'It's frankly today a bigger concern than oil prices, because oil prices are fine where they are. The availability of labor is not,' says analyst.

EOG Join Oil's $1 Billion-a-Quarter Club
Monday, November 12, 2018 The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans.

Digitalization Can Save Upstream Sector $75B Each Year
Monday, November 12, 2018 A new study by Wood Mackenzie shows how the US Lower 48 has led the way in utilizing technology to transform their business.

First Shale Gas from UK PNR Site
Monday, November 05, 2018 Cuadrilla begins to see natural gas flow to the surface from its shale exploration well at the UK Preston New Road site.

SandRidge Sells Permian Assets; Buys Mid-Con Assets
Monday, November 05, 2018 SandRidge Energy divests Permian assets and picks up assets in the Mid-Continent Basin.

Halliburton Expects Permian Bottlenecks Gone By End of 2019
Monday, November 05, 2018 Halliburton expects bottlenecks in America's busiest oil field to be relieved by the end of next year.

ExxonMobil and Chevron Report Strongest 3Q Results in 4 Years
Friday, November 02, 2018 ExxonMobil and Chevron deliver their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude.

US Drops Oil Rigs for First Time in Four Weeks
Friday, November 02, 2018 According to rig count data compiled by Baker Hughes, a GE Company, drillers cut one rig this week.

BP Completes $10.5B BHP Deal
Thursday, November 01, 2018 BP completes its $10.5 billion acquisition of BHP's U.S. unconventional assets.

ConocoPhillips Departs Barnett
Thursday, November 01, 2018 ConocoPhillips has completed the sale of its assets in the Barnett shale play in North Texas to Lime Rock Resources for approximately $230 million.

A Better Approach to Conventional Oil Exploration
Wednesday, October 31, 2018 The history of oil exploration is one of trying to overcome the odds.

BP Unleashes Cash Bet That Oil Will Stay High
Tuesday, October 30, 2018 BP is gearing up to leave European competitors in the dust, at least when it comes to spending the industry's enormous cash pile.

Why Majors Will Take a Bigger Role in US Shale
Monday, October 29, 2018 As plays mature, expect major oil companies to play a growing and critical role in its future development.

Upstream Players Must Boost Spending
Wednesday, October 24, 2018 Global oil and gas development spend needs to increase by around 20%.

Nostra Terra Acquires 8 Potential Permian Wells
Tuesday, October 23, 2018 Nostra Terra Oil and Gas has acquired the Mesquite Prospect in the Permian Basin, giving them potential to drill eight horizontal wells.

Private Equity Needs Long-Term Approach to Cash in on Shale
Monday, October 22, 2018 For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor.

Ex-Schlumberger Chief to Acquire Biggest Shale Pipe Servicer
Friday, October 19, 2018 Sentinel plans to acquire Strike LLC and take the dominant US pipeline services company public.

US Rig Count Reaches Highest Level in Two-and-a-Half Years
Friday, October 19, 2018 The US adds four rigs this week, making this week's count the highest since March 2015.

New Produced Water Blueprint Expected in 2019
Tuesday, October 16, 2018 An upcoming report could usher in produced water's transformation from a byproduct to a resource.

Tight Oil, Shale to Drive Majors' Output to New Highs
Tuesday, October 16, 2018 By the middle of the next decade, US unconventionals will generate up to $20 billion of annual cash flow for the Lower 48.

Vista to Build Frac Sand Mine in Oklahoma
Thursday, October 11, 2018 The frac sand mine will serve SCOOP and STACK shale producers.

Wood Creates 1K New Jobs in Last Year
Wednesday, October 10, 2018 Wood's Asset Solutions Americas business created approximately 1,000 new jobs in the last year as a result of securing new midstream sector contracts across the US worth $250 million.

Dallas Cowboys Owner Seeks Shale Gas Deals in Haynesville
Tuesday, October 09, 2018 Dallas Cowboys billionaire owner Jerry Jones is exploring a series of takeovers to expand his Comstock Resources Inc. in the Haynesville.

INEOS Names Suppliers for New Europe Facility
Tuesday, October 02, 2018 Company plans to reveal site of 2.7 billion-euro investment later this year.

YPF Is Said to Shut Gas Wells as Argentine Economy Flops
Tuesday, October 02, 2018 YPF is closing the tap on some of its natural gas wells as the nation's second recession in three years curbs demand, according to sources.

Permian Needs $300B in CAPEX for Growth through 2023
Tuesday, October 02, 2018 A new report by consulting firm Arthur D. Little finds that U.S. independents will need to adjust their business models to keep up with forecasted growth in the Permian.

Power to the Permian? Spotty at Best, Outrun by Shale Boom
Monday, October 01, 2018 The Permian Basin has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up.

A Breakthrough for Hydraulic Fracturing
Friday, September 28, 2018 A revolutionary groundwater quality study provides new evidence that 'fracking' operations are safe to nearby water sources.

Covia Idles Operations at Four Frac Sand Mine Locations
Friday, September 28, 2018 In light of market dynamics, Covia has made the decision to shutter some of its frac sand mine sites and reduce production elsewhere.

Move Over, Permian. Bakken's Making a Comeback.
Wednesday, September 26, 2018 North Dakota oil production reached a record high in July and the Bakken is primed for growth.

Canada Shale Drillers Feel Permian Pain as Prices Collapse
Thursday, September 20, 2018 The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks.

Offshore Investments to Outpace Shale in 2019
Thursday, September 20, 2018 Rystad reports that investments in offshore projects will be higher than shale investments, a shake-up from previous years.

Permian Highways Desperate for Traffic Relief
Friday, September 14, 2018 US Highway 285 is a major north-south route within the Permian Basin of West Texas and southeastern New Mexico, and it's seen better days.

Study Suggests Pipeline Delay Worries Among Permian Producers
Wednesday, September 12, 2018 Oil producers in the Permian appear to be worried that key pipeline projects to boost takeaway capacity from the region might not hit their 2019 targeted start-up dates.

Meet the Shalennials: CEOs Under 40 Making Millions in Texas Oil
Wednesday, September 12, 2018 Dozens of young entrepreneurs, mostly in their 30s, are running private-equity-backed companies in the frenzied boom in West Texas and New Mexico that may each be worth billions of dollars.

Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
Friday, September 07, 2018 The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction.

Magellan Projects Permian Gulf Coast Pipeline Cost At $2B
Wednesday, September 05, 2018 Magellan Midstream Partners LP projects it would spend about $2B to construct a proposed crude oil pipeline in the Permian.

Southwestern Energy Selling Fayetteville Shale for $1.865B
Tuesday, September 04, 2018 Southwestern Energy will be exiting Fayetteville shale through a sale of its business and related midstream assets.

Schlumberger CEO Warns Transport Constraints To Slow Shale Gains
Tuesday, September 04, 2018 Schlumberger CEO warns that bottlenecks in the largest US shale basin would slow oil production growth and investments in the region.

Texas' Oil Output Drops In June For First Time Since Feb. 2017
Thursday, August 30, 2018 Texas oil production fell in June from a year earlier for the first time in 16 months.

Eclipse, Blue Mountain to Merge, Creating $1.4B Appalachia-Focused Company
Wednesday, August 29, 2018 Two E&P companies with heavy focus in the Utica and Marcellus have agreed to a merger.

Drowning in Dirty Water, Permian Needs $22B to Stay Afloat
Wednesday, August 29, 2018 In the dry, dusty plains of West Texas, home to America's most prolific oil play, the problem isn't too little water, it's too much of it.

US Shale Producer Magnolia Eyes Tripling In Size
Wednesday, August 29, 2018 Magnolia Oil & Gas Corp aims to at least triple in market valuation in coming years.

Permian Pipeline Constraints Cause of $1.4B in Deferred Completion Spend
Tuesday, August 28, 2018 A new quarterly forecast by Westwood finds that pipeline takeaway capacity constraints in the US' hottest shale play will see hundreds of deferred completions through 2019.

Argentina Re-Ignites Labor Deal To Spur Investment In Vaca Muerta
Tuesday, August 28, 2018 Argentina relaunched a one-year-old agreement between the government, companies and workers to drive competition and spur development in Vaca Muerta.

Wyoming Oil Basin Deals Rise As Companies Look Past Permian
Tuesday, August 28, 2018 Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming.