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January 16, 2018

Energy investment team puts major stake in shale drill bit maker

BY Luke GeiverIntervale Capital, a specialized energy investment firm, has taken note of increased drilling intensity, longer laterals and higher stage counts throughout most of North America's shale plays. READ MORE

January 16, 2018

NuStar Energy to expand capacity of Permian crude system

BY Patrick C. MillerNuStar Energy is expanding the capacity of its Permian crude transportation and storage system by 70,000 barrel per day. A binding open season on the expansion began Jan. 9 and will run for at least 30 days. READ MORE

January 16, 2018

SM Energy sells Powder River Basin assets for $500 million

BY Patrick C. MillerSM Energy is selling leases in Wyoming's Powder River Basin to Northwoods Energy for $500 million. The deal will enable SM Energy to reduce debt and focus on developing its Midland Basin and Eagle Ford assets in Texas. READ MORE

January 16, 2018

Gerard: Northeast could lower energy costs with Marcellus shale

BY Patrick C. Miller The Northeast U.S. wouldn't have to suffer from cold weather and high electricity rates if policymakers would approve infrastructure projects and make use of shale gas from the Marcellus, says Jack Gerard, API president and CEO. READ MORE

January 15, 2018

Fed report: Oklahoma, Wyoming eyes $62 oil for drilling increase

BY Luke GeiverOil firms active in Oklahoma, Wyoming and the northern half of New Mexico now believe $62 per barrel is the oil price necessary to increase drilling. READ MORE

January 15, 2018

Marcellus, Utica operator pledges $580M for 2018 operations

BY Luke GeiverCNX Resources Corp. intends to invest up to $580 million into Marcellus and Utica shale play drilling and completion activities this year. The Pittsburgh-based company said it would also spend another $275 million on water, midstream and land. READ MORE

January 09, 2018

Shale play service provider set to issue IPO

BY Luke GeiverNine Energy Service Inc. is going public roughly four years after forming. The Houston-based company announced its intent to list on the New York Stock Exchange with an initial offering price between $20 and $23 per share. READ MORE

January 09, 2018

ONEOK to build $1.4 billion Elk Creek Pipeline to aid Bakken

BY Patrick C. MillerONEOK Inc. will add much-needed NGL take-away capacity to the Rocky Mountain region with the construction of the $1.4 billion Elk Creek Pipeline. Expected to be completed in 2019, the pipeline's capacity will be 240,000 barrels per day. READ MORE

January 09, 2018

Paper: Northeast could be second U.S. petrochemical hub

BY Staff The Marcellus and Utica shale plays are unique in that they produce a large volume of ethane and propane. A new white paper says this could provide the U.S.. with a second petrochemical hub in addition to the Gulf Coast. READ MORE

January 09, 2018

Engineers generate energy from fossil fuels with no CO2 emissions

BY Patrick C. MillerA technology under development at Ohio State University can produce energy and other useful products from fossil fuels while eliminating CO2 emissions. Known as chemical looping, the process can also use shale gas to make plastics and carbon fibers. READ MORE

January 09, 2018

Weatherford sells some assets to Schlumberger for $430 million

BY Patrick C. MillerWeatherford is selling some of its U.S. assets to Schlumberger for $430 million. This transaction replaces the OneStim joint venture between the two companies announced last year. Weatherford plans to use proceeds from the sale to reduce debt. READ MORE

January 08, 2018

Upstream report: new-round of deal-making on the horizon

BY Staff Private equity-backed start-ups could be a catalyst for a rebound in 2018 upstream merger and acquisition activity this year, according to Houston-based 1Derrick. READ MORE

January 08, 2018

New crude oil pipeline set for Eagle Ford

BY Luke GeiverHouston-based EVX Midstream Partners got off to a quick start in 2018. In McMullen County, Texas, the company has announced plans to construct, own and operate a new crude gathering line targeting Eagle Ford producers. READ MORE

January 08, 2018

DOE shale funding focusing on emerging shale plays, frack tech

BY Luke GeiverThe Department of Energy's Office of Fossil Energy will invest roughly $30 million into six shale-related projects spread throughout the U.S. including evaluations of the Tuscaloosa Marine Shale and Delaware Basin frack technology. READ MORE

January 02, 2018

Survey shows significant increase in Alaska’s energy resources

BY Staff A new energy resource assessment of Alaska's North Slope on federal, state and tribal lands shows significant increases in undiscovered and technically recoverable oil and gas. The USGS estimates 8.7 billion barrels of onshore oil resources. READ MORE

January 02, 2018

Permian Basin will drive record U.S. production in 2018

BY Patrick C. Miller London-based research firm IHS Markit says the Permian Basin is a "global disrupter" because of its impact on the world’s crude markets. The basin will set a new record in 2017 and is expected to drive U.S. production to record levels in 2018. READ MORE

January 02, 2018

DiverterSCAN technology provides timely fracking information

BY Patrick C. Miller DiverterSCAN technology from Reveal Energy Services provides operators with the ability to improve fracking efficiency by stimulating multiple perforation clusters. What once took 90 days to determine can now be accomplished in near-real time. READ MORE

January 02, 2018

New shale firm vows to enhance flowback, early production

BY Luke GeiverAfter two years working together, DynaCorp Energy Services and Energes Oilfield Solutions LLC have merged to form a single sand solutions operations for the oil and gas industry. READ MORE

January 02, 2018

Special Q&A posed to E&P execs yields input on rigs, spending

BY Staff The Federal Reserve Bank of Dallas has completed a survey of oil and gas executives working in Texas, New Mexico and Louisiana. Included in this new survey is a set of special questions. READ MORE

January 02, 2018

EPIC completes dual Permian pipeline plan

BY Luke GeiverEPIC, a Texas-based midstream infrastructure firm, will use the right-of-way of an under construction natural gas liquids pipeline for a new-build 730-mile crude pipeline to move Permian-based crude to Corpus Christi. READ MORE

January 02, 2018

Goodrich Petroleum 2018 budget targets Haynesville shale

BY Patrick C. Miller Houston-based Goodrich Petroleum is targeting the Haynesville shale in Louisiana with its entire 2018 capital expenditure budget of $65 to $75 million. The company expects an increase in gas production ranging between 130 and 145 percent over 2017. READ MORE

December 26, 2017

U.S. shale midstream companies could prosper in 2018

BY Patrick C. Miller A new report from a Colorado energy assets research firm forecasts a positive outlook for midstream companies operating in U.S. shale plays during 2018. East Daley Capital believes increases in crude and gas production will benefit some companies. READ MORE

December 26, 2017

WPX completes $169 million San Juan Basin divestiture

BY WPX Energy Inc. WPX Energy announced the completion of the divestiture of its non-core assets in the San Juan Basin. The $169 million transaction includes the company's operated and non-operated gas properties in the basin. READ MORE

December 21, 2017

Anadarko partners with energy data firm

BY RS Energy Group RS Energy Group and Anadarko Petroleum Corp. have formed a collaborative partnership to integrate proprietary RSEG intelligence and analytics with Anadarko's internal data. READ MORE

December 18, 2017

In Depth: 2017: The Year Shale Went Global

BY Luke GeiverFrom its impact on world markets to its rise in U.S. exports, North American shale energy has officially become a global player that is creating market opportunities in the U.S. and abroad. READ MORE

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