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November 14, 2017

OPEC releases 2017 view on world oil trends

BY Staff It's been 10 years since OPEC released its first World Oil Outlook. Earlier this month OPEC released its 2017 version, highlighting the realities that exist in the global oil industry. READ MORE

November 14, 2017

China signs deals with Alaska, West Virginia for shale gas

BY Luke GeiverChina's desire to utilize U.S.-based shale gas can now be clearly seen in Alaska and West Virginia. During his recent tour of Asian countries, President Donald Trump helped to connect Alaska and West Virginia with China Energy Investment Corp. READ MORE

November 14, 2017

Energy groups oppose proposed DOE grid resiliency rule

BY Patrick C. Miller Twelve energy organizations led by the Natural Gas Supply Association have submitted comments to FERC in opposition to DOE's proposed grid resiliency rule. They said the rule uses discriminatory pricing to support coal and nuclear power plants. READ MORE

November 14, 2017

Growing Arkansas frack sand supplier uses barge for Marcellus

BY Luke GeiverSelect Sands can now supply frack sand by land and sea. The Vancouver, British Columbia-based industrial silica provider that started a mine in Arkansas in 2014, has signed a deal with an end-user in Appalachia for 10,000 tons of frack sand. READ MORE

November 14, 2017

IEA report: U.S. now world leader in oil, gas

BY Luke GeiverThe rise of U.S. to the top of the oil and gas export hierarchy will not be impacted by a rise in—or shift to—passenger transport via electric vehicle. READ MORE

November 14, 2017

Diamondback Energy continues to grow Permian production

BY Patrick C. Miller Diamondback Energy reported strong production results in the Permian Basin during the third quarter of 2017. CEO Travis Stice said the company has grown production more than 175 percent for the past 11 quarters while operating within its cash flow. READ MORE

November 14, 2017

Exports create bullish market for shale oil

BY Staff Are the recent upswings in U.S. crude exports the trend of the future or a momentary blip on the radar? Greg Haas, director of integrated energy for Stratas Advisors in Houston, believes global exports are a prime market for U.S. shale oil producers. READ MORE

November 14, 2017

Noble Energy divests from non-core DJ Basin acreage

BY Patrick C. Miller Noble Energy has signed an agreement to divest about 30,000 acres from its non-core acreage in Colorado's DJ Basin. The deal with SRC Energy is worth $608 million with production estimated at 4,100 barrels of oil equivalent per day. READ MORE

November 07, 2017

Multi-zone development drives Devon Energy in STACK, Delaware

BY Patrick C. Miller Devon Energy weathered the impacts of Hurricane Harvey and reports that for the third quarter of 2017, it remains on track to achieve its U.S. oil production target. Strong performance from 50 new wells in the STACK play and Delaware Basin was key. READ MORE

November 06, 2017

Consumer Energy Alliance launches education campaign

BY Patrick C. Miller The Consumer Energy Alliance has launched a national campaign aimed at educating the public and key decision-makers on the critical role energy plays in the everyday lives of Americans. It calls for bipartisan support in dealing with energy issues. READ MORE

November 06, 2017

Premier acquires assets of International Sample Library

BY Premier Oilfield Laboratories Premier Sample Library, a subsidiary of Premier Oilfield Laboratories, has acquired the assets of the International Sample Library located in Midland, Texas. The library serves as a key resource for regional, national and international geologists. READ MORE

November 06, 2017

Concho exiting 2017 with optimism, eye on new shale model

BY Luke GeiverConcho Resources was the latest exploration and production firm to highlight a new trend in the unconventional oil and gas world. The company explained its shifting viewpoint during its Q3 call with investors. READ MORE

November 06, 2017

Cabot’s third quarter production, income rebounds from 2016

BY Patrick C. Miller Cabot Oil & Gas Corp. bounced back in the third quarter of 2017 compared to a year ago. The company posted a 12 percent crude production increase and a net income of $17.6 million. Cabot reported positive developments in the Marcellus and Eagle Ford. READ MORE

November 02, 2017

EIA: Haynesville shale gas production increasing

BY Staff Once one of the top shale gas producing regions in the U.S., EIA reports that production in the Haynesville region is rebounding, thanks to improved well completion techniques. The number of active rigs in the region has been rising since 2016. READ MORE

November 01, 2017

New report quantifies impact of Marcellus on PA’s gas prices

BY Luke GeiverA decade of unconventional shale gas retrieval efforts in Pennsylvania have greatly impacted the state, according to a new report by the Kleinman Center for Energy Policy. READ MORE

October 31, 2017

Rosehill spends $77M to double opportunity in Delaware Basin

BY Luke GeiverAlong with the prospect of drilling new wells, the company’s purchase will allow it to drill longer laterals. The contiguous acreage position it now has will let Rosehill drill 7,500 foot to 10,000 foot laterals. READ MORE

October 31, 2017

New database provides public record of infrastructure attacks

BY Staff The Energy Equipment and Infrastructure Alliance has set up an online reporting center and database to record attacks on energy infrastructure. Toby Mack, president and CEO of the organization, answered questions about the objectives of the effort. READ MORE

October 31, 2017

World Bank offers 2018 oil prices, shale breakeven points

BY Staff A new report from the World Bank indicates oil prices will rise in 2018 and U.S. shale breakeven costs will stabilize in the $40/b range for most major shale plays. READ MORE

October 31, 2017

Newpark Resources buys Well Service Group for $75M

BY Newpark Resources Newpark Resources Inc. today announced that it has entered into definitive agreements to acquire substantially all of the assets, operations and employees of the Well Service Group Inc. READ MORE

October 31, 2017

To meet growing demand, C&J Energy buys shale cementing service

BY Luke GeiverThe demand for cementing services was outpacing C&J Energy Services available supply prior to its $132.5 million acquisition of O-Tex Holdings Inc. READ MORE

October 31, 2017

Whiting reports third quarter results; names new CEO

BY Patrick C. Miller With strong performance from wells in North Dakota's Williston Basin and Colorado's DJ Basin, Whiting Petroleum expects a 10 percent production increase in the fourth quarter this year. The company also announced the retirement of CEO James Volker. READ MORE

October 31, 2017

Shale gas play gains new frack sand operation

BY Luke GeiverHaynesville shale gas producers have a new in-basin option for proppant. Shreveport, La.-based Performance Proppants LLC has opened a new 1.4 million ton per year frack sand supply facility in the heart of the play. READ MORE

October 27, 2017

DOI report outlines burdens to U.S. energy development

BY Patrick C. Miller The U.S. Department of Interior has released a report identifying federal actions under the agency's umbrella that burden the development and use of domestic energy resources. DOI also established a committee to expedite the permitting process. READ MORE

October 24, 2017

Members of Congress ask feds to protect energy infrastructure

BY Patrick C. Miller A bipartisan group of members of Congress sent a letter to U.S. Attorney General Jeff Sessions asking if current laws provide enough protection to U.S. oil and gas pipelines being attacked and vandalized by environmental extremist organizations. READ MORE

October 24, 2017

New energy indicator data from TX, OKC released

BY Staff The Federal Reserve Bank of Dallas has added a new data compilation section to its regional energy indicators report. New this month are charts showing the 3-month and 12-month change in rigs by county. READ MORE

October 24, 2017

ONEOK, Martin Midstream partner on $200M Delaware Basin pipeline

BY Luke GeiverEyeing the growth potential for natural gas liquids produced from the Delaware Basin, ONEOK Inc., has announced a new joint-venture effort with Martin Midstream. READ MORE

October 24, 2017

Bakken producer Hess sells assets in Norway, Equatorial Guinea

BY Luke GeiverHess Corp. is serious about focusing on the global exploration and production company's highest return assets. A day after announcing the sale of its interests in Equatorial Guinea, Hess said it will sell Hess Norge's assets. READ MORE

October 24, 2017

Terminal acquisition bolsters ExxonMobil's Permian acreage

BY Patrick C. Miller To support its recently acquired acreage in the Delaware Basin, ExxonMobil has acquired a 100,000-barrel-per-day terminal in Wink, Texas, from Genesis Energy, giving Permian producers more transportation and storage options. READ MORE

October 23, 2017

One million barrels of Bakken crude headed to China

BY Patrick C. Miller Continental Resources has announced plans to export about a million barrels of sweet light Bakken crude to China in November. CEO Harold Hamm said the company expects similar transactions in the coming months and years. READ MORE

October 23, 2017

University of North Dakota dedicates training, drilling labs

BY Patrick C. Miller Petroleum engineering students at the University of North Dakota now have access to some of the latest drilling simulation and virtual reality technology available for realistic training. Hess Corp. helped dedicate three new labs at the university. READ MORE

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