Exclusives

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.

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.

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

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

November 16, 2018

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

Pioneer Sells Pressure Pumping Assets To ProPetro For $400 Million
November 13, 2018

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.

November 8, 2018

Jeffrey S. Balmer will join Callon Petroleum from Encana to serve as senior vice president and COO of the Permian Basin operator following the retirement of Gary A. Newberry.

November 5, 2018

Occidental Petroleum, which has been investing heavily to boost production in the Permian Basin, said output in the basin surged about 62% to 225,000 boe/d in the third quarter.

November 2, 2018

Steve Gray, former CEO and founder of RSP Permian, has been appointed to serve on the board of directors at Marcellus Shale-focused Range Resources.

People

November 2, 2018

Gulfport Energy said Michael G. Moore stepped down as president and CEO of the Oklahoma City-based oil and gas company and will be replaced on an interim basis by COO Donnie Moore.

November 2, 2018

Following Paul Horne’s retirement in March, Dan Westcott, currently president and CFO, will become Legacy’s next CEO. Meanwhile, COO Kyle M. Hammond will be adding the president role.

October 30, 2018

John Applegath joins HHEX, a privately-held company with upstream and midstream operations in the Appalachian Basin, after recently retiring from Range Resources.

October 30, 2018

Sanchez Energy said Cameron W. George has been appointed as interim CFO following the resignation of Howard J. Thill from the Houston-based oil and gas producer in the Eagle Ford Shale.

October 25, 2018

EQT said David Schlosser Jr., senior vice president and president of E&P, and others have stepped down from their positions as the company prepares for its upstream/midstream separation.

Regulations

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.

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.’

August 29, 2018

The proposal, opposed as anti-fracking by oil and gas producers, would require new projects in Colorado to be at least 2,500 ft (762 m) from buildings, parks and certain wildlife areas.

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.