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August 15, 2018
Diamondback Energy Inc. and Energen Corp., have announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction. READ MORE
August 14, 2018
For the full-year, the company will continue to operate 20 rigs before adding at least another four, next year. Roughly 275 wells will be completed and placed on production this year, according to the company. READ MORE
August 14, 2018
Liquids terminaling and logistics provider Moda Midstream LLC of Houston announced a definitive agreement to acquire the Oxy Ingleside Energy Center from Occidental Petroleum Corp. READ MORE
August 14, 2018
When Ajax Resources acquired assets located in the northern Midland Basin three years ago, most observers thought the acreage was along the northernmost edge of the basin and had only one prospective zone. READ MORE
August 14, 2018
A survey of the logistics and transportation industry conducted last month by TCompanies shows a high level of optimism about the U.S. economy. Inflation and workforce shortages are viewed as potential concerns by survey respondents. READ MORE
August 13, 2018
Energy Drilling Co. and Henderson, a Houston-based service of drilling rigs and equipment, are at the midst of what each believes is a drilling rig resurgence happening in the U.S. READ MORE
August 13, 2018
Under the letter of intent, ExxonMobil subsidiary XTO Energy may contract for up to 450,000 dekatherms per day (Dth/d) of capacity on the pipeline. The approximately $2 billion PHP Project will provide an outlet for increased natural gas production. READ MORE
August 07, 2018
In reporting on its second quarter activities, oilfield services giant Schlumberger said its North American revenues increased 11 percent over the previous quarter with the deployment of more fracking and directional drilling capacity. READ MORE
August 07, 2018
A company designing a uniform for Halliburton's women in the oilfield turned to apparel designer Su-Jeong Hwang Shin at Texas Tech University. She used her expertise in 3D pattern design to provide a safe, functional uniform for women. READ MORE
August 07, 2018
Franco-Nevada Corporation and Continental Resources Inc. have agreed to enter into a strategic relationship to jointly acquire mineral rights in the SCOOP and STACK oil and gas plays. READ MORE
August 07, 2018
Forty Acres Energy LLC has started to deploy a novel oil production method in one of the world's most productive oil plays. After forming an acre unit spanning nearly 8,000 acres, the Houston-based company is now in New Mexico. READ MORE
August 07, 2018
WPX Energy posted higher-than-expected production results for the second quarter of 2018. The company shared some of its results on new wells in the Delaware and Williston basins. READ MORE
August 07, 2018
Continued growth in the Marcellus-Utica region has resulted in S&B; Engineers moving its northeast operations office to a larger space in Canonsburg, PA. Senior vice president John Martin said the move demonstrates S & B's commitment to the region. READ MORE
July 31, 2018
Making the largest acquisition in company history, Northern Oil and Gas has purchased 10,600 core acres in the Williston Basin from W Energy Partners for $100 million. READ MORE
July 31, 2018
Houston-based Harvest Midstream Co.—an affiliate of Hilcorp Energy Co.—will acquire the Four Corners area assets in Colorado and New Mexico from Williams Partners LP of Tulsa, Oklahoma, for $1.125 billion. READ MORE
July 31, 2018
While the Permian continues to be the big story in increased U.S. shale oil production, a new study from Wood Mackenzie cautions that using past results to predict the future can be misleading. WoodMac analyst Ryan Duman discusses the study. READ MORE
July 31, 2018
U.K. oil producer BP last week signaled its desire to become a major player in U.S. shale when it acquired most of BHP Billiton's North American acreage for $10.5 billion. Rystad Energy analyzed how the move impacts BP's production levels to 2025. READ MORE
July 31, 2018
Hess Corp. is selling its joint-venture interests in the Utica shale play of eastern Ohio to further focus its portfolio. The $400 million transaction is expected to occur in the third quarter this year. READ MORE
July 30, 2018
Summit Midstream Partners has announced that it has executed a precedent agreement with XTO Energy Inc., a wholly owned subsidiary of Exxon Mobil Corp., one of the largest leaseholders in the Delaware Basin. READ MORE
July 30, 2018
Ambyint, the emerging player in artificial intelligence-powered artificial lift and production optimization, and international energy major Equinor today announced that Equinor will deploy Amybint's AI-tech in Equinor's Bakken assets. READ MORE
July 30, 2018
BP has acquired 83,000 acres in the Permian Basin, nearly 200,000 acres in the Eagle Ford and another 200,000 acres in the Haynesville, putting the oil major in the heart of three major U.S. onshore shale plays. READ MORE
July 24, 2018
One of the recurring topics during the 4th annual Bakken Conference & Expo last week in Watford City, North Dakota, was workforce development and its importance in meeting employment demands during the recent industry uptick. READ MORE
July 24, 2018
Matlin & Partners Acquisition Corp., a publicly traded special purpose acquisition company, and U.S. Well Services LLC, a high-quality provider of hydraulic fracturing services, have merged and will soon be publicly traded on the Nasdaq. READ MORE
July 24, 2018
Halliburton Co. has introduced MicroScout Plus Service, an offering designed to take hydraulic fracturing, and microfracture stimulation, to the next level by reaching and effectively stimulating secondary microfractures too small for normal sand. READ MORE
July 24, 2018
Technical Toolboxes, a Houston-based provider of integrated cloud-based pipeline software, has launched its new Horizontal Directional PowerTool. It enables safe, efficient pipeline drilling, reaming and installation during design and construction. READ MORE
July 24, 2018
Two Texas drilling companies based in Houston have agreed to a $150 million merger transaction. Independence Contract Drilling and Sidewinder Drilling will combine drilling fleets to focus on the Permian Basin, Haynesville region and other areas. READ MORE
July 24, 2018
The state of North Dakota has filed a $38 million claim against the U.S. Army Corps of Engineers, seeking reimbursement for costs incurred during protests against the Dakota Access Pipeline in 2016 and 2017. READ MORE
July 17, 2018
The era of 'Permania' has ended, says Pablo Prudencio, a Wood Mackenzie research analyst. Although the Permian remains the crown jewel of U.S. shale plays, the more stable economics of the Bakken might yet prove to be a better long-term investment. READ MORE
July 17, 2018
Bakken Conference & Expo attendees learned on Tuesday how Oasis Petroleum is using technology and training to boost its position as a major Bakken producer and how it's become a leader in industry efforts to prevent pipeline spills. READ MORE
July 17, 2018
Medallion Pipeline Co. LLC of Irving, Texas, has announced a binding open season to solicit long-term, firm shipper commitments for a major expansion of its crude oil pipeline system in the Midland Basin. READ MORE
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