Exploration & Production

May 23, 2017

Shale producers to Trump: rethink view on role of oil industry

BY Luke GeiverOil producers from the Southwest U.S. are urging the Trump administration to rethink how the federal government views crude oil. A group of producers wants the U.S. crude production industry to viewed on par with those of steel, defense and autos. READ MORE

May 23, 2017

USGS estimates Texas formation holds 4.2 billion barrels of oil

BY Staff The USGS recently revised its estimate of recoverable oil in the Spaberry formation of the Permian Basin in Texas from 500 million barrels to 4.2 billion barrels. Fracking and horizontal drilling are the reason the estimate was adjusted upward. READ MORE

May 23, 2017

Select Energy Services sees improvement in first quarter 2017

BY Patrick C. Miller Increases in drilling and completions and a key acquisition enabled Texas-based Select Energy Services to improve its revenues for the first quarter of 2017. The company provides water solutions for the U.S. unconventional oil and gas industry. READ MORE

May 22, 2017

Keane Group expands services with RockPile Energy acquisition

BY Patrick C. Miller Already one of the largest pressure pumping fleets in the nation, Keane Group Inc. will expand by 26 percent with the acquisition of Denver-based RockPile Energy Services. The stock and cash transaction is valued at nearly $285 million. READ MORE

May 16, 2017

OPEC, Permian will influence future ND oil production

BY Patrick C. Miller Although North Dakota's crude production fell slightly in March, overall production remained above 1 million barrels per day. OPEC concerns about activity in the Permian could impact whether the organization continues to limit its production. READ MORE

May 16, 2017

Texas, New Mexico shale deals continue hot pace

BY Luke GeiverAcquisition and divestiture activity in the shale plays of Texas and New Mexico remained strong in early May. And, for multiple entities that sold off shale assets, the allure of the Permian already has them looking to return. READ MORE

May 16, 2017

Senate fails to repeal BLM venting and flaring rule

BY Patrick C. Miller The U.S. Senate's failure to overturn a methane flaring and venting rule implemented by the BLM during the Obama administration drew strong criticism from oil and gas industry organizations. The Trump administration will consider revising the rule. READ MORE

May 16, 2017

Continental adds SCOOP acreage, expects increased production

BY Patrick C. Miller For the first quarter of 2017, Continental Resources reported the addition of 300,000 acres to its resources in Oklahoma's SCOOP play. Wells in the Bakken, STACK and SCOOP plays are exceeding estimated ultimate recovery curves. READ MORE

May 16, 2017

How far have OPEC's oil export revenues dropped?

BY Staff New data highlights the hurt the Organization of the Petroleum Exporting Countries have experienced due to oil prices at or below the $60/b in the last three years. READ MORE