EOG Resources, noncore, Wyoming, Utah, Colorado, liquidity

A Minor Adjustment: EOG Looks To Shed 130,000 Noncore Acres

EOG’s ample liquidity suggests it may simply be adjusting its portfolio. It’s likely the properties require significant capital commitment, which could be better used elsewhere, says analyst.

3:44 pm
EV Energy Partners, EVEP, Appalachian. San Juan, Michigan, Austin Chalk, dropdown, acquisition, EnerVest, oil, gas

Survival Of The Realists: EV Energy Deals Increase Production By A Third

EV Energy Partners arranges a dropdown with its general partner owner Enervest, which has a stable of assets it can use to fortify the company. EV Energy also purchased a 100% working interest in Belden & Blake Corp.

11:48 am
Eagle Ford, shale, workover, well services, fracking, commodity prices, downturn

Eagle Ford Workover Companies Worry About Shake Out

Expectations of lower activity in the wake of the most recent downturn have well services providers in survival mode. There are some expectations the market could weaken further.

9:10 am
Schlumberger, Cameron, synthetic diamonds, A&D, acquisition, megadeal

Carbon Is Forever: Schlumberger Buys Synthetic Diamond Tech Company

Novatek was founded by H. Tracy Hall, the first scientist to use a repeatable process to convert carbon into synthetic diamonds. His company uses the diamonds for various drilling equipment.

September 2, 2015
Permian Basin, Yellow Rose, Texas, Gulf of Mexico, W&T Offshore, Forrest Wylie, private equity, production, oil, gas

Idled Rigs Tell No Tales: W&T Offshore Deals Permian For Offshore

W&T's interest in the Permian’s Yellow Rose Field produces about 3,000 boe/d, but the company has stopped drilling until commodity prices improve.

September 2, 2015
Eagle Ford, shale, downhole, completions, sand, proppant, gel, slickwater, plug perf, frack

Eagle Ford Proppant Volume Tops 300,000 Pounds Per Stage

As operators work through the commodity price downturn, slickwater is in favor for Eagle Ford completions while cross link gel is preferred in the Eaglebine.

September 1, 2015
WPX, 185 million, midstream, sale, deleveraging, North Dakota

WPX Jumpstarts Deleveraging Plan With $185 Million Midstream Sale

The Tulsa, Okla.-based company is working to quickly reduce debt just two weeks after closing its $2.75 billion acquisition of privately held RKI Exploration & Production LLC.

August 31, 2015
APPEA, Western Australia, Labor Party, Fracking, Ban, Australia

APPEA Slams Western Australia's Labor Party On Fracking Stance

A ban on fracking by the Western Australia Labor Party would hold until it was shown that fracking doesn't compromise the environment, groundwater, public health or contribute adversely to climate change.

August 31, 2015
Keystone XL permit

Keystone XL Permit On Verge Of Rejection?

President expected to announce denial of TransCanada project before Labor Day holiday, sources say.

August 28, 2015

New Alternative To Flaring Emerges

Power oxidation process turns ‘waste gases’ into clean, usable energy.

August 27, 2015
US, shale, gas, production, decline, fall, September, EIA, Marcellus, Utica, rigs, legacy, wells

US Shale Gas Production Expected To Fall In September

Of the major shale plays, the Utica is expected to show gas production increases in June, July and August, the EIA said. Though by September, production in the play will also start to slip.

August 27, 2015
Schlumberger, Cameron International, 15 billion, merger, oilfield services, subsea

Schlumberger, Cameron Look To Meld Science, Tech In $15 Billion Merger

The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years.

August 26, 2015