Shale
News
June 07, 2021
Energy giant BP sees a strong recovery in global crude demand and expects it to last for some time, with U.S. shale production being kept in check, according to CEO Bernard Looney.
News
June 07, 2021
The decline in U.S. drilling and output leaves little competition to OPEC's efforts to manage markets, Mike Muller, Vitol’s head of Asia, said during an online conference on Sunday. Brent crude closed above $70 a barrel last week for the first time in two years, as buyers demand more oil than producers are pumping.
News
June 04, 2021
Costs for everything from labor to diesel to steel have climbed in the oil field this year as explorers return to work following last year’s pandemic-driven crash in crude prices. Steel prices for the drill pipe used in new wells could rise about 50% in 2021, Citigroup said.
News
June 02, 2021
The Denver Julesburg (DJ) Basin located in Colorado and Wyoming has experienced a constant decline since production peaked in November 2019. Reversing this trend will depend on the capital allocation from major oil and gas operators in this region, says GlobalData, a leading data and analytics company.
News
June 01, 2021
Purpose built based on the specific performance requirements of the customer, the FracTran is an all-new Oil Field Series transmission, designed to meet the unique and continually evolving demands of the hydraulic fracturing industry.
News
May 24, 2021
The merger of Cabot Oil & Gas Corp. with Cimarex Energy Co. announced Monday has confounded investors and analysts, leaving them to question the logic behind a tie-up that the companies say will increase diversification. Cimarex is mostly an oil explorer in Texas and Oklahoma, while Cabot is focused on natural gas drilling in the Marcellus shale basin in Appalachia.
News
May 24, 2021
Cabot Oil & Gas Corp. agreed to merge with Cimarex Energy Co., combining two mid-tier shale drillers in an all-stock transaction valued at about $7.4 billion as the U.S. oil and gas sector continues to consolidate.
News
May 03, 2021
EnerVest Ltd., a private equity firm that specializes in shale drilling, fired 111 people at its Houston headquarters, citing “challenging times for the industry.”
News
April 30, 2021
Chesapeake Energy Corp., the once mighty shale explorer that exited bankruptcy earlier this year, is seeking to sell oil-producing assets in South Texas for as much as $2 billion, according people familiar with the plan.
News
April 29, 2021
Vitol Group is said to be near a purchase of Hunt Oil Co.’s Permian Basin oil wells in what would mark the biggest independent crude trader’s first major acquisition of U.S. production assets, according to people with knowledge of the matter.
Webcast
Frac different with the digital capabilities of TechnipFMC’s iComplete™ ecosystem
May 19, 2021
TechnipFMC
iComplete™ is a fully integrated ecosystem that minimizes complexities using standardized equipment that can be set up for any unconventional well in the world. iComplete™ has 50 percent fewer components, 80 percent fewer connections, reduces OpEx costs by 30 percent, and drives further efficiencies through a digital interface, eliminating human intervention in the red zone. In this webcast, Graham Horn and John Eden will be sharing with the audience how TechnipFMC’s iComplete™ ecosystem is bringing the industry one step closer to a fully autonomous frac pad. This disruptive technology is increasing operation governance through reduced infrastructure, fewer personnel in the red zone and instance-based decision making – removing the manual process required to evaluate status and communicate, as well as the potential for human error.
News
April 23, 2021
Californian Governor Gavin Newsom will ban new hydraulic fracturing permits in the coming years as the state pushes to eliminate net greenhouse-gas emissions by 2045.
News
April 22, 2021
Kayrros has released measurements quantifying the total methane emissions across the Appalachian Basin. The findings, derived from satellite data and proprietary algorithms, place the Appalachian Basin ahead of the Permian as the biggest source of methane in the US and identify the primary sources behind its emissions.
News
April 16, 2021
BP will spend about $1.3 billion to build a network of pipelines and other infrastructure to collect and capture natural gas produced as a byproduct from oil wells in the Permian Basin of Texas and New Mexico, the Wall Street Journal reported.
News
April 16, 2021
Shale, and not the pandemic, was responsible for the initial oil-market crash of 2020, Pioneer Natural Resources CEO Scott Sheffield said at an industry summit. He added that the cartel, frustrated at U.S. producers’ success in taking market share from OPEC, allowed prices to tumble.
News
April 13, 2021
Crude production in the Permian basin will reach 4.466 million barrels a day in May, the most in a year, and rig counts have touched a one-year high, according to the latest data from the Energy Information Administration.
News
April 09, 2021
Argentina believes a price ceiling would prevent bull runs in oil markets from triggering a surge in fuel prices, while a price floor would discourage oil companies from pulling out of a marginal asset like Vaca Muerta if markets collapse.
News
April 09, 2021
The Railroad Commission of Texas issued a total of 798 original drilling permits in March 2021 compared to 744 in March 2020. The March 2021 total includes 682 permits to drill new oil or gas wells, 13 to re-enter plugged well bores, and 99 for re-completions of existing well bores.
News
April 09, 2021
Enbridge Inc. is moving forward with upgrades to its pipeline network serving the northeastern U.S. to ship more shale gas from the prolific Appalachian Basin as opposition to new conduits mounts in the region.
Webcast
Innovative Power Section Design Drives Performance and Improves Reliability
April 21, 2021
Abaco Drilling
Abaco's single direction stators with deviated profiles address drilling stresses on the power section lower end using a variable fit that reduces friction and overheating. The result has been a proliferation of the technology across all the demanding drilling applications in the US shale basins.
We will show details of the way Abaco’s OPTIFIT technology addresses stall and thermal damage in challenging drilling environments. Dyno test power curve comparisons showing OPTIFIT versus conventional designs will be presented. We will close with a summary of the field successes in a variety of basins and formations.
News
March 25, 2021
The backlog of drilled but uncompleted shale wells called DUCs is rapidly shrinking as oil prices rise, signaling that producers are ready to put drilling crews back to work as the industry rebounds from its pandemic-driven downturn.
