Exclusives

crude, oil prices, price drop, IHS, study

Study: Crude Prices On Track To Fall Further

Prices have not yet fallen far enough for an appreciable supply adjustment to occur, researchers say.

July 31, 2015
Lonestar Resources, Eagle Ford, shale, IOG Capital, JV, Texas

Lonestar Resources Nets $100 Million Eagle Ford JV

The Fort Worth, Texas, company will be able to drill while hunting down more acquisitions—and without taking a major hit to its balance sheet.

July 30, 2015

Mapping Fracking Regulations

The National Center for Policy Analysis, a pro-oil and gas group, on July 30 launched a map that tracks hydraulic fracturing bans, restrictions and other government action. This map will be an ongoing project that tracks the status of federal, state, and local efforts to restrict fracking across the United States, according to group.

 

July 30, 2015
Marcellus, Utica, shale, gas, production EIA

Marcellus, Utica Catapult US Gas Production Upward

The Marcellus and Utica is driving 85% of the growth in U.S. gas production due to the precision and efficiency of fracking in the region, the EIA says.

July 29, 2015
A&D, Midland, Irene Haas, Diamondback, Clayton Williams, Permian, Parsley Energy

Of Oil And Entropy: Midland Basin Powerhouses Hunt Deals, Stability

 
E&Ps such as Diamondback continue to outperform their peers as larger, capitalized companies look to buy smaller companies and private equity is on the move, including a new Chinese-backed entrant.

July 28, 2015

Texas Petro Index Swells With Negative Indicators

The index has declined 18% since its peak in October 2014 and 17% since a year ago. Yet, crude and gas recovery increased during the first six months of 2015 and is on track to reach record production.

July 28, 2015
Midcontinent, drilling, Woodford, shale, Hart Energy

Midcontinent Drillers Brace For Another Price Drop

Drilling contractors are concerned that a stable demand market—albeit at very low utilization—might face another leg down in the wake of retrenching oil prices.

July 28, 2015
proppant, frack sand, consolidation, PacWest, IHS, Samir Nangia

Proppant Market On The Way Toward Consolidation

The top 10 frack sand suppliers claim 55% of total business, while more than 40 companies make up the remaining percentage.

July 27, 2015
Goodrich Petroleum, Eagle Ford, acquisition, A&D, M&A, TMS, debt, finances, oil, gas

Razing Funds? Goodrich Sells Eagle Ford Acreage, Forfeits Oil Production

In an area where Goodrich spends no capex, the company sold 2,850 boe/d in production in the Eagle Ford but apparently did not receive credit for its undeveloped acreage.

July 27, 2015
Workover, well service, Midcontinent, Woodford, shale, Hart Energy

Midcontinent Contractors Worry Over Losing Experienced Crew

From a labor expertise standpoint, workover contractors note the industry is melting away and will experience challenges when demand kicks in—an event now expected to be postponed until 2016.

July 27, 2015
M&A, big oil, EOG, Continental, Noble, A&D, Goldman Sachs

Shale’s Magnificent Seven May See Majors Gunning For Deals

A Goldman Sachs analyst identifies targets for major oil companies that have failed so far to gain entry into shale plays and need to replace depleted reserves.

July 24, 2015
shale, permits, Morgan Stanley, Eagle Ford, Permian Basin, Bakken

Shales See Permits Decline By 13% In Second Quarter

The news comes on the heels of an anemic first quarter in which permits applications dropped 32% and gas play applications fell by 35%.

July 24, 2015

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