Shale
News
February 21, 2023
Verde Bio Holdings, Inc., a growing oil and gas company, has entered into an agreement to acquire revenue producing natural gas interests in the prolific Haynesville Shale of Northern Louisiana, held by a private seller for a purchase price of $425,000 in cash.
News
February 20, 2023
Pontiac 3D sits on the western edge of the Midland basin, part of the greater Permian basin. It encompasses historical production from Sprayberry and Wolfcamp intervals, along with significant accumulations in deep seated structures in the Devonian and Ellenburger formations.
News
February 09, 2023
The company recently received notices that over eight new wells have been brought online. The main areas experiencing growth are on the company’s Permian Basin and Haynesville shale properties.
News
February 08, 2023
Mature wells that are producing more gas than expected are hurting crude output from the Bakken, the Energy Information Administration said.
News
February 02, 2023
U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.
Article
January 2023
Hydraulic fracturing of shale gas formations is on the rise in the U.S., as well as in Canada and China, as newly developed technologies create greater access to abundant supplies.
Article
January 2023
Several factors can be adjusted in a hydraulic fracturing job design to positively affect efficiency and cost. Using predictive analysis for pressure estimation, with a focus on casing optimization, creates the potential to accurately forecast timelines, reduce costs and maximize efficiencies with minimal frac job design volatility.
News
January 26, 2023
The focus of attention will be on operators’ production targets, with the global supply-demand balance still tight and with China’s recent lifting of coronavirus restrictions expected to boost consumption. Shale drillers have said supply-chain issues, labor shortages, rising costs and unhelpful federal policies are preventing them from revving up production.
News
January 18, 2023
WildFire Energy acquired approximately 377,000 net acres and approximately 1,350 wells in the Brazos Valley region of its Eagle Ford asset from Chesapeake Energy Corporation.
News
January 12, 2023
Public drillers added 18 rigs during the final three months of 2022, while their private rivals idled 11. Overall, the fleet of rigs operating in the contiguous U.S. expanded by three from the end of September to Dec. 31.
News
January 06, 2023
Labor shortages in the oilfield have been one of the biggest hurdles holding back production growth. The overall number of workers employed in U.S. oil and gas jobs totaled 136,100 in December, down 3.1% from last year’s peak in July.
News
December 30, 2022
U.S. shale executives remain concerned about the outlook for rising costs going into 2023 as they continue to struggle with hiring and retaining workers, according to the Federal Reserve Bank of Dallas.
News
December 30, 2022
As the year comes to an end, World Oil looks back on all of our breaking news items. Record-breaking crude exports and billion-dollar oil projects are only some of the incredible feats the industry accomplished. Read our final collection of top news stories of 2022 here.
News
December 28, 2022
The assets acquired from Ensign Natural Resources span Live Oak, Bee, Karnes, and Dewitt Counties across the condensate, wet gas, and dry gas phase windows of the Eagle Ford.
News
December 27, 2022
If 2022 was big for international oil, it was astronomical for the domestic sector. From our coveted annual World Oil Awards to happenings in West Texas, news never stopped flowing. Read the top home-grown stories of 2022 here.
News
December 12, 2022
With over two-thirds of the Permian’s premium land now drilled, producers are seeking more permits than ever to burrow beneath Midland and its 130,000 residents.
News
December 02, 2022
EQT Corp. said the U.S. antitrust regulator asked for additional information and documentary materials in connection with a $5.2 billion acquisition announced in September, a move that raises questions on the largest U.S. natural gas producer’s ability to keep its acquisition spree.
News
December 02, 2022
The short supply of labor in the US oil patch has plagued exploration and production companies all year, and the tightness continues.
News
November 21, 2022
A frac-sand plant in the Eagle Ford region of Texas erupted in flames over the weekend, imperiling supplies of a key component in shale drilling.
News
November 15, 2022
Operators in America’s biggest shale oil basin are set to significantly increase the amount of natural gas they burn into the atmosphere because of a lack of pipeline capacity to ship it elsewhere.
News
November 04, 2022
Unemployment in the U.S. oil industry plummeted to one of the lowest levels on record at 0.8% for October as shale operators scramble for workers to keep production flowing.
