Fort McMurray Wildfire Closes Some Oil Sands Operations

Operators in the area turn focus to personnel safety as erratic and dangerous flames forced the evacuation of the entire city.

5:20 pm

Does OPEC Still Matter? Yes, Indeed

Contentious in its inner politics and opaque in its intentions, OPEC nonetheless remains the key to oil prices. 

2:38 pm
EQT, Statoil, buys, next door neighbor, Marcellus, Utica, shale, acreage, Appalachian Basin, Wells Fargo, Gordon Douthat, acquisition

EQT Buys Next-Door Neighbor Statoil’s Marcellus Acreage

The acquisition increases EQT’s core undeveloped Marcellus acreage by 29%, adds 500 locations and allows for extended laterals in one West Virginia county.

11:00 am

Enterprise Crosses Into The Delaware With South Eddy Plan

The new natural gas processing plant will help support robust activity in the Delaware Basin by helping create a home for gas and liquids. 

10:55 am

Good News Just In: Utica Helps Set Gas Production Record

But EIA projections for May show broad, even sharp, declines among major shale plays.

May 3, 2016
 Whiting, JV, capex, overspend, Bakken, Niobrara, Volker

Despite JV, Whiting’s First Quarter Drains Bakken Behemoth

The company’s capex, net loss and production didn’t reach analyst expectations and an agreement to pay for drilling underwhelmed some analysts.

May 3, 2016

Baker Hughes, Halliburton Face Big Bills After Merger Crumbles

A Department of Justice lawsuit was the death blow for the merger of Halliburton and Baker Hughes and scuttled the largest deal in recent memory - and perhaps ever.

May 2, 2016
colorado, fracking, ban, moratorium, supreme court, oil, gas

Colorado Supreme Court Sets Aside Local Fracking Bans, Moratoriums

The decision may cause Boulder and Broomfield counties, Colo., which had been considering similar ordinances, to rethink their strategies, an attorney said.

May 2, 2016
stack, scoop, oklahoma, Range Resources, RRC, Devon, A&D

Range Resources’ Stack Sale Lets Company Coast In Debt Neutral

Combined with the sale of Marcellus assets in March, Range’s Stack deal doesn’t anticipate any increase in debt in 2016, based on current prices.

May 1, 2016
Vaca Muerta, shale, Argentina, Neuquen Basin, UG Center, gas, oil, EIA, report

April 2016 Feature: Vaca Muerta Shale

The UG Center’s new special report on Argentina’s Vaca Muerta Shale provides an in-depth look at one of the world’s largest shale gas and shale oil reserves

April 29, 2016
Chesapeake, divestiture, Scoop, Stack, Oklahoma, natural gas, private equity

Chesapeake Continues Oklahoma Exodus With Scoop Deal

Casillas Petroleum purchased 12,000 net acres from Chesapeake. In January, a Chesapeake subsidiary produced at least 17.2 MMcf/d on the acreage.

April 29, 2016
cash is king, Bakken, shale, sustain, oil, production, North Dakota, cash flow, Lynn Helms, DMR, Harold Hamm, Continental Resources, Whiting, petroleum, Hess, John Hess, DUC, WTI

‘Cash Is King’: Bakken E&Ps Sustain Production To Get By

In the heart of the Bakken, North Dakota operators are still pumping more than 1 million barrels of oil per day as companies become desperate for cash flow.

April 28, 2016