Unconventional Exclusives

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After oil market dropped 30% from October, the market jumped 5% with OPEC’s decision to cut oil production by 1.2 million barrels per day.

QEP Taps Cobalt Top Exec To Succeed Outgoing CEO Charles Stanley

Timothy Cutt, who most recently served as CEO of Cobalt International Energy, will join QEP Resources to serve as president and CEO of the pure-play Permian Basin company.

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Two years after entering Oklahoma’s Scoop, both Gulfport Energy and Casillas Petroleum said they are seeing returns from highly-economic wells.

Machine learning neural networks can be an alternative to traditional decline curve analysis techniques, analysts say.

A little of this mixed with a little of that creates a stronger future.

Unconventional Exploration

Familiar trends will continue to resonate in the new year as Shale 2.0 becomes another year older.

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.

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.

Upstream M&A Activity Surges By 250% In Record Quarter

BP’s $10.5 billion acquisition of a portion of BHP’s U.S. onshore portfolio highlighted M&A activity in the U.S. during the third quarter, a report by Drillinginfo says.

French energy group Total is not looking at investing in the U.S. shale oil industry, says the company's CEO, Patrick Pouyanne.

Unconventional Production

Laramie and Weld counties are seeing increasing permitting activity.

The total oil production from the seven major shale basins in the U.S. was expected to rise 113,000 bbl/d, driven largely by increases in the Permian Basin, the EIA said.

Pioneer Sells Pressure Pumping Assets To ProPetro For $400 Million

The sale of the company’s pressure pumping business to ProPetro will bring Pioneer Natural Resources’ divestiture proceeds for the year to roughly $900 million.

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

Apache, Permian, Delaware, Alpine High, production, John Christmann, oil, gas

Perceptions have changed for the better for the emerging oil and gas play as activity increases and others move into the neighborhood.

Unconventional Technology

December 3, 2018

Operators and service companies discover innovative solutions to environmental concerns.

November 16, 2018

Houston-based independent oil and gas producer EOG Resources has secured 65% of its expected services for 2019.

November 15, 2018

Charles J. Rimer will join Whiting Petroleum to serve as its COO after working with Noble Energy since 2002, most recently as the company’s senior vice president of global services.

November 14, 2018

Bonanza Creek Energy hired Brant H. DeMuth to serve as its CFO. He will join the company from fellow Rockies producer SRC Energy.

November 8, 2018

Ultra Petroleum tapped David Honeyfield to succeed CFO Garland Shaw, who did not relocate from Houston following the recent move of the Wyoming gas producers’ headquarters to Englewood, Colo.