Unconventional Exclusives

IHS Markit, Permian Basin, U.S. shale, Permian investment, Permian oil and gas, U.S. shale investment, supermajor, Exxon Mobil, Royal Dutch Shell, Chevron

The investment ramp-up could bring about cost inflation that might challenge smaller E&Ps and eventually make way for Permian consolidation, IHS says.

Devon Evaluating ‘Two Monster’ Wells In Delaware Basin

The possibly record-setting Delaware Basin wells follow the 11,000-plus-boe/d wells Devon reported in early May. And, they’re child wells.

Stratas: US Oil Production To Grow By More Than 1 Million Barrels Daily In 2018

Stratas Advisors predicts growth for North American shale plays including expectations for ‘bigger and badder’ wells becoming the norm this year.

DUG Permian, Midland Basin, Lance Robertson, Endeavor Energy Resources, completions, production, Permian

The company is seeing the benefits of optimized landing points and completion density.

DUG Permian, Midland Basin, Approach Resources, J. Ross Craft

New technology, reservoir knowledge and a willingness to take risks remain key for operators in the Permian’s Midland Basin and Central Basin Platform.

Unconventional Exploration

Qatar Petroleum (QP) signed an agreement on June 3 with Exxon Mobil Corp. (NYSE: XOM) to acquire a 30% stake in two of ExxonMobil's affiliates in Argentina.

BHP reiterated it expected bids for its U.S. shale assets by June and added that transactions could be announced in the first half of the 2019 financial year.

ExxonMobil Corp. has resumed production at the Papua New Guinea LNG project two weeks ahead of schedule after it was shut down in the wake of a deadly earthquake in February, its Australian partners said on April 13.

johnchristmann_apache_dug_executive_permian

At DUG Executive, Apache Corp. CEO John Christmann told top leaders from the oil and gas industry that his company’s focus is on the Permian Basin and for good reason.

Angus Energy agreed to acquire a 25% interest in Cuadrilla's U.K. license for onshore oil exploration at the Balcombe Field discovery in West Sussex as part of a new joint venture agreement.

Unconventional Production

U.S. shale production is expected to rise by about 145,000 barrels per day (bbl/d) to a record 7.18 million barrels per day (MMbbl/d) in June, the U.S. Energy Information Administration (EIA) said on May 14.

Enhanced completions fuel basin’s steady production.

Argentina, shale, Vaca Muerta, unconventional oil and gas, YPF, Wood Mackenzie

Investment and development activity picked up speed in 2017.

ConocoPhillips adds Alaskan acreage while seeing global production growth.

Sonatrach oil and gas, Sonatrach shale, conventional oil and gas, shale oil and gas

Sonatrach and its foreign partners started production from several gas projects during the last few months.

Unconventional Technology

May 21, 2018

An injunction hearing will be held on May 31 at Manchester’s High Court District Registry. The injunction would replace and extend an existing injunction at the site and surrounding farmland.

May 17, 2018

The British government said it would introduce measures to streamline and improve the regulatory process for shale gas planning applications so decisions are made more quickly.

May 3, 2018

The U.S. oil and gas producers' first-quarter results benefited from higher oil prices as well as growing production from shale plays in the Permian Basin and Bakken.

May 1, 2018

Noble, which drills oil wells in the D-J Basin as well as the Permian and Eagle Ford, said it expects second-quarter sales volume at between 340,000 boe/d and 350,000 boe/d.

May 1, 2018

Eight capital analyst Phil Skolnick said he did not see Encana's production miss "as a negative" as production in the larger Permian Basin was up.