Exploration & Production

5 hours ago

Montage Resources reports record fourth quarter revenues

BY Patrick C. Miller Operating in the Marcellus and Utica shale plays, Montage Resources reported company record revenues of $171.2 million during the fourth quarter of 2018. Montage has 227,000 undeveloped acres in Ohio, Pennsylvania and West Virginia. READ MORE

8 hours ago

U.S. Gulf Coast becomes net oil exporter in late 2018

BY Energy Information Administration According to the U.S. Energy Information Administration, several continuing trends pushed crude oil exports higher and imports lower, resulting in the Gulf Coast becoming a net crude oil exporter in the last two months of 2018. READ MORE

March 11, 2019

IEA: Second wave of US shale oil coming to world

BY International Energy Agency The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the IEA. READ MORE

March 06, 2019

MGX to recover lithium used in batteries from Marcellus shale water

BY Luke GeiverMGX Minerals Inc. intends to recover lithium from produced water generated across the Marcellus shale play on the eastern U.S. The Canadian-based company has created a system that can separate lithium from brine water. READ MORE

March 06, 2019

ND, MHA Nation sign compact for sharing of Bakken oil tax revenue

BY North Dakota Office of the Governor The compact changes the current 50-50 tax revenue split so that 80 percent of the production and extraction tax revenue from new wells on tribal trust lands would go to the tribe and 20 percent would go to the state. READ MORE

March 05, 2019

Select Energy sees growth in shale water sector

BY Luke GeiverThe company believes there is a possibility for growth opportunities in three areas of the services sector: margin enhancement, technological innovation and consolidation. READ MORE

March 05, 2019

ExxonMobil announces huge Permian production increases

BY ExxonMobil ExxonMobil has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024, an increase of nearly 80 percent and a significant acceleration of value. READ MORE

March 04, 2019

Oasis outlines plan to generate cash from Bakken, Delaware

BY Luke GeiverOasis Petroleum is focusing on generating free cash flow at oil prices in the $50/barrel West Texas Intermediate range. The Williston Basin and Delaware Basin operator will spend less capital this year to do so. READ MORE

March 04, 2019

Emerson opens Permian facility for advanced tech, training

BY Emerson Emerson has announced the opening of a new $4 million Permian Basin Service Center to bring enhanced oil and gas technologies and services to the fast-growing region. READ MORE