August 08, 2022
U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it's not just their focus on rewarding shareholders that's holding them back, but also a preoccupation with soaring costs.
Voluntary capital discipline may not be the only reason that operators are keeping a tight rein on production growth. Celestial intervention may also be at play, says the chief of one pure-play South Texas operator.
August 04, 2022
Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of continuous record-breaking tax revenues from the industry.
August 03, 2022
Chesapeake Energy Corp. plans to exit the Eagle Ford Shale of South Texas while doubling down on two other natural basins as the energy company focuses on natural gas production while retreating from oil.
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August 18, 2022
TechnipFMC understands the challenges operators face with produced water and has formed technology alliances with Stauper and Filtra-Systems, to create complete and integrated Produced Water Treatment solutions. In this webcast we will show you how our high performing Produced Water Treatment solutions lead to enhanced oil recovery, meeting and exceeding environmental requirements, and create value by reducing total cost of ownership. Our technology alliance gives you access to the best available technologies, engineering and design; a combination that enables us to completely integrate produced water treatment systems and debottleneck existing operations, within the same footprint.
July 21, 2022
The Biden administration’s plan to crack down on smog in the oil-rich Permian Basin threatens to curb crude production while gasoline prices are near record highs and energy scarcity grips the globe, the industry warned Thursday.
July 20, 2022
The world’s biggest provider of fracing services is banking on a “multi-year upcycle” outside of its North American base, according to a statement.
The Permian produces billions of barrels of highly saline water every year. Water management must be optimized to facilitate the projected increase in oil and gas production in the coming years. However, new regulations related to induced seismic activity pose major headwinds to water management and production growth.
Predicting sand erosion, using computer simulation, and exploring ways in which the reliability of the predictions has been enhanced, leading to safer, more efficient operations.
A pump protection assembly has proven to safeguard pumps from sand and extend ESP run life in unconventional wells. This solution controls flowback from frac sand and other solids that can lead to overload and shutdowns. The enabling technology eliminates issues related to particle size distribution uncertainty.
July 06, 2022
Frac sand, which gets blasted through shale rocks to unlock oil and natural gas, is averaging $55 a ton, up from $22 at the end of 2021. Demand is climbing as oil explorers turn the taps back on after Covid-driven cutbacks.
June 27, 2022
Energy Workforce & Technology Council's CEO said the EPA’s regulatory notice that it is considering designating parts of the Permian Basin as non-attainment zones which could trigger mandatory regulatory actions by the state of Texas would be detrimental to energy security.
June 24, 2022
The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico.
Early oil and gas developers considered the Permian basin a graveyard. However, this changed in 1923, and set off a series of major oil and gas discoveries that ultimately led to the development of greater Permian basin.
June 23, 2022
In an effort that has been underway for several years and is now set against a backdrop of triple-digit oil prices, oil and gas companies are continuing attempts to devise new methods of increasing production from existing unconventional wells.
June 17, 2022
Targa Resources Corp. has agreed to buy Permian natural gas processor Lucid Energy Delaware LLC from Riverstone Holdings LLC and Goldman Sachs Asset Management for $3.55 billion in cash.
June 14, 2022
Billionaire Harold Hamm may trigger a bidding war for Continental Resources Inc. with his $4.3 billion takeover offer for the shale powerhouse he founded.
June 10, 2022
Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up roughly 132,000 net acres in the Permian Basin for a sale of the company that could fetch more than $1 billion.