Exclusives

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

Permian, RBN Energy, PermiCon, Stephanie Reed, Parsley Energy, Kevin Lafferty, Devon Energy, Dan Westcott, DUCs, takeaway capacity, decline curves, well interference, shale
October 15, 2018

Decline curves, well interference, takeaway capacity and drilled but uncompleted wells were among the topics discussed by a group of panelists.

Permian, Delaware, Rystad Energy, shale, new well, production, drilling, completion, cost, lateral, fluid, proppant, Concho, Cimarex, Chevron, EOG, Exxon
September 17, 2018

Some operators are faring better than others when it comes to new production per well and overall breakevens among other benchmarks in the Permian Delaware.

Colorado Initiative To Ban Drilling Costing Producers Billions
September 14, 2018

Colorado voters will decide on Nov. 6 whether to extend the state’s oil and gas setback requirement by approving Proposition 112, which an analyst described as ‘a widow-maker for the D-J Basin.’

September 4, 2018

Senior technology leaders at URTeC 2018 discussed how to get improved results in unconventional reservoirs and automation’s effect on the workplace.

Completion

March 9, 2018

By the end of 2018, Energent expects over seven million tons of premium frack sand to be mined inside the Permian Basin every quarter.

patent, Deloitte, Center for Energy Solutions, hydraulic fracturing, oil, gas
April 3, 2017

Proppant tracking, flowback prevention and nanoparticles are among the areas of focus, according to a study released by Deloitte.

shale, technology, KCA, oil, ConocoPhillips, Halliburton, drilling, well, proppant
March 27, 2017

Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.

April 9, 2013

The industry is divided on hydraulic fracturing technology. An objective view is needed to sort out the confusion and decide on best processes.

Contracts

March 26, 2018

Pemex said it expected the contract in the Olmos Field, located in the northern border state of Coahuila, to yield investment of $617 million, aiming to reach daily production of about 117 million cubic feet of gas by 2021.

January 16, 2018

TGS continues to strengthen its onshore position with new seismic projects in key shale basins of North America, such as the Permian Basin, Scoop/Stack and the Montney.

November 28, 2016

A purchase and sale agreement relating to each block must be submitted to Ecopetrol by Dec. 7 and executed by Dec. 22, Reuters reported.

March 31, 2016

The contract is BP’s first shale gas PSC in China and covers an area of about 1,500 sq km, BP said. CNPC will be operator.

January 14, 2016

In a statement, Argentina’s YPF said the accord involved a pilot project in the Bajada de Anelo Block, located in Neuquen province that would run until mid-2018, Reuters reported.

Digital

July 11, 2018

SGS and Baker Hughes, a GE company (NYSE: BHGE), on July 10 announced a Strategic Alliance Agreement (SAA) for the joint deployment and commercialization of BHGE’s real-time software and sensor-based Predictive Corrosion Management (PCM) solution.

March 1, 2012

With the huge number of wells required for shale gas or coal-bed methane development, companies are implementing lean manufacturing models for these “gas factories.”

Downhole

September 1, 2015

Vorpal's Drill2Frac helps optimize fracturing operations through the optimal placement of perforation clusters. Enventure’s expandable ESeal Refrac Liner provides mechanical zonal isolation of existing perforations.

July 30, 2015

Where ACTIVATE has been used, operators see about an 80% increase in EUR per well and a 66% reduction in cost per barrel of oil equivalent from refracked wells verus new wells, Halliburton said in a news release.

July 21, 2015

Etienne Roux, vice president of drilling services, said Revolution has drilled 284 vertical-curve lateral wells in a single run in the last year and half. This totals 2.4 million feet.

February 12, 2014

Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.

August 20, 2013

Data integration and analysis over a shale play provides clear indications of where to drill and what technologies to utilize.

Equipment

April 21, 2017

Drillers added five oil rigs in the week to April 21, bringing the total count up to 688, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on April 21.

Eagle Ford, shale, drilling, oil, gas, Hart Energy
July 6, 2016

There are signs the bottom is at hand, which is the first step in recovery.

October 19, 2015

Freshwater, not typical slurry, will run through pumps, significantly reducing need for replacement parts and number of pumps needed on frack job, Energy Recovery CEO Joel Gay said.

August 26, 2015

Shale producers can save 30% of the drilling cost with walking rigs, which can move from one wellbore to another--10 meters in less than an hour, Reuters said.

July 24, 2015

The rise in the rig count this week was the biggest increase since April 2014. It was, however, only the third addition over the past 33 weeks, bringing the total rig count up to 659, the highest since late May.

Operations

August 3, 2018

Noble Energy reported weaker-than-expected quarterly profit and plans to reallocate some near-term investments outside of the Permian Basin due to supply constraints.

July 31, 2018

Anadarko Petroleum's revenue rose to $3.29 billion in the second quarter from $1.4 billion a year ago, topping analysts' consensus estimate of $3.07 billion according to Thomson Reuters I/B/E/S.

Tim Dugan, CNX Resources, stacked pay, Utica shale, Marcellus shale, Appalachia Basin, DUG East, natural gas, blending strategy, perfect pad, CONSOL, CNX Midstream, U.S. natural gas, oil and gas technology, long laterals, free, Hart Energy, Velda Addison
July 3, 2018

With a blending strategy and a ‘perfect pad’ concept, the E&P with acreage in the Marcellus and Utica is making gas economic.

June 21, 2018

"Investor sentiment in the last year has really, markedly changed. I'd say it's gone from, 'drill, baby, drill,' to 'show me the money,'" says Hess CEO John Hess speaking at the OPEC International Seminar.

Stratas: US Oil Production To Grow By More Than 1 Million Barrels Daily In 2018
June 7, 2018

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

People

June 15, 2018

Paul Geiger, previously with Southwestern Energy, has more than 23 years of experience in oil and gas operations and will now help oversee HighPoint's growing operations in the D-J Basin.

June 14, 2018

Additionally, James Trimble, who recently led Stone Energy as interim CEO and president through the company’s merger with Talos Energy, was appointed as chairman of Crestone’s board.

canada_oil_jobs
January 19, 2018

Technology and lower-for-longer price environment have wrought rapid changes—some good, some bad—to Canada’s oil patch.

January 18, 2017

Most recently, James Faroppa was vice president of geosciences for Murphy Oil Corp. (NYSE: MUR), handling assurance, portfolio management, and technical and specialist services.

January 9, 2017

Jakub Korczak joined the company, which owns and operates projects in Tunisia and Romania, in 2009.

Regulations

July 24, 2018

The British government said it had granted approval for hydraulic fracturing to take place at Cuadrilla's Preston New Road site in northwest England.

June 19, 2018

Ineos had argued that the ban was imposed unlawfully and that it contradicted evidence that shale gas could be produced safely by unconventional methods.

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.

April 17, 2018

Australia's NT commissioned an inquiry into the environmental, social and economic risks of fracking and on April 17 accepted the inquiry's conclusion that the risks were manageable.