Shale


All posts for Shale

Hess Announces Sale of Utica Acreage

NEW YORK--(BUSINESS WIRE)--Jun. 29, 2018-- Hess Corporation (NYSE:HES) today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effecti ...

OilVoice Press - OilVoice


Posted 16 days agoPress > HessHess CorporationNYSE +7

Highlands Natural Resources plc: Colorado Shale - East Denver Project Update

Highlands, the London-listed natural resources company, is pleased to provide an update on operations at its East Denver shale oil and gas project, where its operations to deliver six additional wells, being funded entirely by its partners, continue. On completion, the total number of wells at Eas ...

OilVoice Press - OilVoice


Posted 17 days agoPress > Highlands Natural ResoucesLSEcolorado +2

WBE - Industry Pays C$33m for Duvernay Shale Oil Acreage Surrounding Whitebark Lands

Increasing interest in emerging Duvernay Shale Oil Play in Canada Whitebark Energy Limited (ASX : WBE) (the “Company” or “Whitebark”) is pleased to provide an update on recent transaction activity in the emerging Duvernay shale oil play. Whitebark currently has a 20% interest in approximately ...

OilVoice Press - OilVoice


Posted 1 month agoPress > WBEWhitebark EnergyDuvernay +5

ESAI Energy: Crude Oil Quality Threatens US Shale

In its May Global Crude Oil Outlook ESAI Energy points out that the growth in medium and heavy refiner demand was already pushing the OPEC+ deal towards an end by 2019. The U.S. request for more crude oil and Saudi Arabia and Russia's apparent willingness to respond provides additional rationa ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > Crude oilESAI EnergyShale +3

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 1 month agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

Dr. Daniel Fine: Oil Speculation and Natural Gas/LNG in New England and Russia

American oil production is poised to reach upward to 11 million barrels of oil per day if the price of West Texas Crude reaches $75 a barrel.   Saudi Arabia or Saudi Aramco believes it will, and commodity speculators are following. It is similar to 2008 in June when Goldman Sachs forecast $250 per ...

Will Fine


Posted 2 months agoOpinion > Kingdom of Saudi ArabiaSaudi ArabiaSaudi Arabia Oil +34

Tying Frac Tracer, Stimulation and Geophysical Data Together

Adding tracers to stimulation fluid has become the industry standard methodology to identify stage production of gas, oil, and water along the length of a wellbore with no well intervention needs. This inexpensive technology provides confirmation that a wellbore is open to flow, identifies and quan ...

Callum Grieves


Posted 3 months agoPress > Reservoir CharacterisationTracer TechnologyShale +5

Lonestar Announces Year Ended 2017 Results And Provides Operational Update

Fort Worth, Texas, (PRNewswire) ‐ Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today reported its financial and operating results for the three months and year ended December 31, 2017. RECENT HIGHLIGHTS Lonestar repo ...

OilVoice Press - OilVoice


Posted 3 months agoPress > Lonestar ResourcesNasdaqResults +8

How Far Can Shale Go?

Last week, OPEC sounded an alarm. Previously hopeful that the global crude markets would be balanced by June, which would allow it to walk back on the supply freeze that propped prices up at the cost of OPEC market share, the OPEC monthly report raised its expectations for non-OPEC supply for a fou ...

Easwaran Kanason


Posted 3 months agoOpinion > nrgedgeShaleOil +2

Shale Support Increases Drying Process Capabilities

March 27, 2018 (HOUSTON) – Shale Support Holdings, LLC , a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, today announced a second dryer is now online in Picayune, Mississippi. This addition has allowed Shale Support to add an additional 2 million ton ...

Kristen Quinn


Posted 3 months agoPress > ShaleShale Oil MarketMarcellus +9

Rystad Energy: The Big Spring Clean – Shale Companies Optimizing Their Portfolios

Since February 2018, in a move that looks like a “spring cleaning” of their portfolios, several companies have announced a shift of their focus on the main US shale plays by optimizing their portfolios through acreage transactions. US onshore shale producers are also boosting capital expenditu ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > Rystad EnergyShaleUnited States +6

Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China

For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price.  OPEC and Saudi Arabia pitched a market information offensive.  Put simply, American oil producers ...

Will Fine


Posted 3 months agoOpinion > HoustonsteelChina +71

Tight Oil Money Return on Investment Eagle Ford Shale Case History

The Eagle Ford Shale Play - San Antonio Located in South Texas between San Antonio and Corpus Christi. Horizontal drilling and hydraulic fracturing began in 2008. Approximately 17,000 producing wells. February production was 935,000 bo/d, down from 1,324,000 in December 2014. 71 ...

Art Berman - The Petroleum Truth Report


Posted 3 months agoOpinion > Art BermanShaleEagle Ford Shale +9

Robust Energy Production Growth Coupled with Relatively Flat U.S. Demand Support Net Energy Exports in EIA's AEO2018

The U.S. Energy Information Administration (EIA) released today its Annual Energy Outlook 2018 (AEO2018), which includes its Reference case and a number of sensitivity cases. The AEO2018 Reference case shows continued development of the U.S. shale and tight oil and gas resources paired with mod ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > EIAEnergy Information Administration EIAUnited States +6

Can The Shale Boom Avoid These Bottlenecks?

By Nick Cunningham of Oilprice.com Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of ...

Oilprice Staff


Posted 5 months agoOpinion > United StatesUSEIA +5