October 14, 2022
Don’t expect U.S. shale producers to ride to the rescue as the world clamors for more oil, according to Energy Aspects.
October 12, 2022
Diamondback Energy Inc. agreed to buy closely held FireBird Energy LLC in a cash-and-stock deal valued at about $1.6 billion, enabling the U.S. shale oil producer to grow in the Permian Basin.
September 26, 2022
Now, in a sign of just how much Russia’s invasion of Ukraine has thrown global energy markets into disarray, it’s natural gas, not oil, that’s becoming more coveted in U.S. shale fields.
September 22, 2022
A national green light for fracing, the technique that triggered a huge boom in shale oil and gas in the U.S., is one of a handful of measures from Britain’s new leader to increase energy supplies in response to Russia’s invasion of Ukraine. It’s a controversial move that rolls back pledges made by her predecessor Boris Johnson in the government’s election manifesto.
Integrated approach drills unstable carbonates with superior borehole quality for multi-stage completions
An integrated approach delivering high wellbore quality across multiple reservoir sections enables an operator to successfully run and set a multi-stage fracing completion or cemented liner. It also ensures that curve and horizontal section objectives are met when drilling across unstable reservoirs.
September 08, 2022
New British Prime Minister Liz Truss removed a ban on drilling for shale gas, an effort to boost domestic energy supply that will have to overcome the same obstacles that stymied the industry for the past decade.
Automate your frac pad with TechnipFMC’s iComplete™ CyberFrac™
September 29, 2022
TechnipFMC’s iComplete™ CyberFrac™ system is a fully digital and automated platform for controlling equipment operations during hydraulic fracturing through app-based configurability. In this webcast, John Eden will explain how this system enables well site managers and their teams to follow approved procedures and establish sitewide operational awareness through the Digital Handshake™ while reducing manual errors. John will also be joined by Tara West and Kelly McFadgen from Marathon Oil Corporation to offer customer testimonial to how CyberFrac has provided versatility and flexibility to their frac pads and the improvement they have seen firsthand after implementing the system within their Bakken asset.
Innovation in hydraulic fracturing equipment design and engineering has resulted in field-proven technology for emission reduction, operational efficiency and cost-savings. The direct-drive turbine for fracturing application has come of age.
September 01, 2022
Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources Corp. planning a 10% increase to take advantage of elevated crude prices.
August 25, 2022
U.S. shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas production, according to Deloitte LLP.
August 10, 2022
Devon Energy Corp. agreed to acquire Validus Energy for about $1.8 billion in cash to expand in the Eagle Ford shale patch in South Texas.
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.
August 01, 2022
U.S. shale drillers are expected to post record second-quarter profits in coming days, reversing nearly a decade of debt-fueled losses.
July 29, 2022
Shale explorers are searching for oil at rates not seen since the early weeks of the pandemic as high crude prices incentivize drilling.
Extend your life of field with TechnipFMC’s integrated Produced Water Treatment solutions
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.