Exclusives

QEP Resources Receives $2 Billion Takeover Offer From Elliott Management
January 7, 2019

Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."

Year Of Consolidation Highlights 2018 Oil And Gas Deal Making
December 28, 2018

Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.

opec_output_cuts
December 7, 2018

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.

December 6, 2018

Shale logistics teams prepare for increased pace in 2019.

QEP Taps Cobalt Top Exec To Succeed Outgoing CEO Charles Stanley
December 6, 2018

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.

Completion

Rice Brothers Look To Transform Industry Through Fracking Software Investment
October 29, 2018

Rice Investment Group recently closed on an investment in Cold Bore Technology, a fracking software company the brothers behind Rice Energy see electrifying the oil field. 

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.

Contracts

January 24, 2019

The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.

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.

Digital

December 5, 2018

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

December 3, 2018

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

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

January 29, 2019

EOG Resources anticipates a $132.1 million non-cash gain from oil and gas hedging contracts in the fourth quarter, according to a recent SEC filing by the shale producer.

January 22, 2019

Appalachia shale gas producer EQT, forecast 2019 capex in the range of $1.9 billion to $2 billion, which was lower than its forecast for the previous year. Story updated at 4:06 p.m. CST Jan. 22.

January 9, 2019

Chesapeake Energy also revealed that output growth from the Powder River Basin and Eagle Ford Shale has made up for the sale of its Utica assets.

January 8, 2019

Oil and gas producer Occidental Petroleum expects to spend $4.4 billion to $5.3 billion this year, depending on the price of crude oil with the highest scenario using $60 WTI.

December 26, 2018

Shale producer Centennial Resource Development joined rivals Diamondback Energy and Parsley Energy in canceling drilling rig additions next year.

People

January 28, 2019

Paul D. McKinney succeeds William M. Griffin, who took over as SandRidge Energy’s president and CEO last year after James Bennett was ousted in a victory for activist investor Carl Icahn.

January 7, 2019

Alta Mesa Resources named John C. Regan, a former executive of Vine Oil and Gas LP and Quicksilver Resources Inc., as the pure-play Stack company’s next CFO.

January 4, 2019

Concho Resources, which announced a slew of leadership changes on Jan. 3, promoted Brenda Schroer to CFO and Will Giraud as COO following the retirement of Joe Wright.

December 26, 2018

James Hackett has been named interim CEO at Alta Mesa and the leadership team of private equity portfolio advisory firm Meridian Energy will fill out the remaining C-Suite positions.

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.

Regulations

January 24, 2019

The lawsuit is the latest effort by environmental activists to tighten drilling regulations in Colorado, which is the fifth largest oil-producing state in the U.S.

January 4, 2019

Taliban fighters are threatening major oil wells near the northern Afghan city of Sar-e Pul following days of fighting in which dozens of members of the security forces have been killed and wounded, officials and residents said on Jan 4.

December 27, 2018

Incoming New Mexico governor and state land commissioner plan to limit new leasing on state lands where oil and gas drillers planned to tap freshwater aquifers.

November 7, 2018

Colorado voters on Nov. 6 rejected a measure, known as Proposition 112, a move opponents said would have sharply limited new oil and gas wells in the fifth-largest oil producing state in the nation.

October 31, 2018

Anadarko Petroleum could shift focus to properties in the Delaware Basin if Colorado voters pass the Proposition 112 oil drilling rules, executives said during a third-quarter earnings call.