Exclusives

Follow unconventional rig activity across the United States.

Mexico energy reform, Mexico oil and gas, Mexico presidential election, Lourdes Melgar, Miriam Grunstein, Pablo Zarate, Jesus Reyes-Heroles

Opening the energy sector to foreign investors gave Mexico hope to reverse declining production and improve its economy, but politics and public opinion could alter the course or pace of the effort.

dugexecutive_maynard_holt_technology

Leaders in the Eagle Ford, Permian, Midcontinent, Appalachia and Rockies gathered at the DUG Executive conference to spotlight operations and talk up their science.

stack_scoop_productivity

Some recent findings on the Stack/Scoop/Cana plays’ productivity evolution may come as a surprise.

data_analytics_eagle_ford_oil.

The Eagle Ford has produced 2.5 billion barrels of oil and will generate another 2.1 billion barrels, DrillingInfo Executive Chairman Allen Gilmer told attendees of the recent DUG Eagle Ford conference.

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 National Hydrocarbons Commission (CNH) said 36 companies from 14 countries have qualified to bid during the country’s next tender.

The geological intelligence gleaned from the Whale discovery explains why Shell bid so aggressively for the Mexican blocks, something that had confounded industry experts.

The National Hydrocarbons Commission (CNH), Mexico’s oil regulator, on March 1 launched a call for bids for its first shale tender including nine contractual areas that will be awarded on Sept. 5.

ExxonMobil is selling its entire stake in the Terra Nova oil project off the eastern coast of Canada but said it was committed to remaining an investor in the region.

STEP Energy Services said the acquisition of Tucker gives it an "efficient and strategic entry" into the U.S. fracking market and also complements its existing coiled tubing presence in the Permian and Eagle Ford.

Production

The four-year exploration plan for the block in the Perdido Fold Basin just south of the U.S.-Mexico maritime border calls for drilling either one or two exploration wells in the block between October and next March, according to the CNH.

U.S. rig count is up six rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up 1.

Canadian producers and global oil majors are increasingly exploring the Duvernay and Montney formations, which they say could rival the most prolific U.S. shale fields.

Encana has benefited from focusing on four core North American basins: the Montney and Duvernay shales in Canada, and the Eagle Ford Shale and Permian Basin in the U.S.

Canadian well drilling forecasts for 2018 has put the pressure on for governments and regulators to lower regulatory compliance costs, help boost investor confidence and improve market access.

Technology

Mexico’s president on March 22 defended his decision to open the energy sector against attacks from the man currently favoured  to succeed him, saying a rollback of the measure could cost the country billions of dollars in lost investment.

David Pursell has been named senior vice president, Planning and Energy Fundamentals, at Apache Corporation (NYSE: APA), effective March 12.

API President and CEO Jack Gerard raised serious concerns with the Department of Commerce’s announcement recommending tariffs on steel and aluminum imports to the U.S.

Top Democrats on the Senate and House natural resources committees urged the Interior Department on Feb. 27 to drop a proposed cut to offshore oil and gas royalties, saying such a reduction would shortchange U.S. taxpayers.

Enerplus stood by its capex forecast of C$535 million to C$585 million in 2018, saying it will spend 75% of that amount to develop its North Dakota assets in the Williston Basin.