Exclusives

Follow unconventional rig activity across the United States.

A high-efficiency antifoamer proves success in the field.

What’s Affecting Gas Prices? (Week of Dec. 11, 2018)

It’s beginning to look a lot like a tight natural market everywhere you analyze, says Stratas Advisors.

A new land rig design offers shale drillers 2,000-hp drawworks and reduced footprint.

Advanced completion technology prevents excessive production of gas after breakthrough occurs.

Deepwater International

The emerging Paleogene play in the US Gulf of Mexico continues to offer increasing encouragement for major deepwater discoveries, with Chevron confirming a significant find.

Shell's CEO Ben van Beurden says, "there is a lot more to do" in its North American deepwater sectors. 

Exploration

Mexico’s energy regulator on Dec. 11 canceled two oilfield auctions scheduled for February, after the new leftist government said it would not hand over more resources to private companies until they proved themselves as producers.

Mexico's energy secretary said Lopez Obrador's newly installed administration would cancel two February bidding rounds for oil and gas blocks, including Mexico's first shale areas.

Despite a promise in his inauguration speech to roll back the energy reform, the 65-year-old president did not rule out inviting more private sector investment in extracting oil from Mexico's untapped deepwater fields in the Gulf of Mexico.

Lopez Obrador has pledged to boost investment in state-run oil company Pemex and plans to start building a new oil refinery next year in his home state of Tabasco.

Blackbird Energy and Pipestone Oil have agreed to merge, forming Pipestone Energy which is set to have the single largest land position in the Montney shale play in Alberta, Canada.

Production

Baker Hughes, General Electric Co's oilfield services arm, said on Oct. 30 it expected higher rig count in North American and international markets in 2019.

Top Bakken producer Continental Resources on Oct. 29 said its output from the oil-rich North Dakota shale field hit a record during the third quarter and would increase significantly through the end of the year as it completed more wells.

A consortium led by U.S.-based Talos Energy is looking to partner with Mexico’s state-run energy firm Pemex next year on a plan to jointly develop a potentially lucrative oil and gas discovery pending more drilling, Reuters reported on Oct. 9.

An analysis predicts costs to climb as core areas mature.

While the country has long been a major oil and gas producer, an extended output slump forced Mexico last year to turn to foreign supplies for 84% of its total natural gas demand, almost all of which came from the United States.

Technology

David Crombie, who previously served as president of completion solutions and executive vice president, brings over two decades of experience to his latest role as COO at Nine Energy Service.

The drop in fracking activity this year had been "significantly larger" than expected, Patrick Schorn, executive vice president of wells at Schlumberger, said at a conference in New York.

CNH President Juan Carlos Zepeda said in a statement, however, he would be an external adviser to the government of President-elect Andres Manuel Lopez Obrador, who takes office on Dec. 1.

This five-year agreement covers the exclusive supply of surface wellhead equipment and service in the U.S. and Canada.

A federal judge in Montana halted construction of the Keystone XL oil pipeline on Nov. 8 on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp. (NYSE: TRP) project.