Where Would US Crude Go If The Export Ban Were Lifted?

Competition from Africa, Iran limits markets for light, tight oil from North American shale plays. 

October 5, 2015
Methane emissions

EPA Takes Aim At Methane, Seeks Feedback

The proposal requires operators to find and repair leaks, capture natural gas from the completion of hydraulically fracked wells, lower emissions from new and modified pneumatic pumps and reduce emissions from equipment such as compressors and pneumatic controllers.

October 2, 2015
bankruptcy, Alaska, SEC, oil, gas, fine, reorganization, Chapter 11, Miller Energy

Miller Energy Falls Back, Will Regroup In Bankruptcy

Miller Energy was closing in on $165 million in financing in the summer until the lender pulled out, citing an SEC investigation and the involuntary bankruptcy of a subsidiary.

October 2, 2015
China, shale, drilling, gas, CNPC, PetroChina, Sinopec, EIA

As Demand Slows, China Continues Push To Produce Shale Gas

Chinese companies’ shale development effort comes as slumping commodity prices have caused others to lay down rigs and forgo completions in the U.S. and pull away from emerging shale plays elsewhere.

October 2, 2015
downhole, enhanced, completions, horizontal, dry gas, shale

Enhanced Completions Rule Dry Gas Basin Horizontal Wells

The activity increase in the Cotton Valley play, where higher bottomhole pressures are encouraging use of crosslink gels, has offset declines in the Barnett and Fayetteville shales.

October 2, 2015
dry gas, shale, basins, drilling, rigs, fracking, Haynesville, Barnett, Fayetteville, horizontal

Dry Gas Basins: Less Than Half Of Rigs In Use

Demand for drilling services remains flat and at extremely low levels in dry gas basins, including the Haynesville, Barnett and Fayetteville. Horizontal work in the Fayetteville fell to zero briefly in August.

October 1, 2015
Resolute Energy, Midland Basin, sale, debt

Resolute Tests Value Of Midland Assets To Whittle Debt

Denver’s Resolute, battling back debt, could gain $158- to $237 million from the sale of its acreage in the Gardendale area of West Texas, an analyst said.

September 30, 2015
Eagle Ford, Sanchez Energy, production, oil price, gas, investment, MLP

Sanchez’s Eagle Ford Deal Pays Off Again With Midstream Sale

Through a combination of cash, revolver and proceeds for the sale of its midstream assets—acquired from Royal Dutch Shell—Sanchez’s liquidity will shoot to more than $900 million.

September 29, 2015
supply, demand, oil, price, BP, Petronas, SPE, ATCE

SPE Panel: Focus On What You Can Control, Hope Is No Strategy

The supply-demand imbalance continues to add to commodity price instability, forcing companies to find more ways to maintain or grow production at a lower cost.

September 29, 2015
Niobrara, Bill Barrett, hedging, borrowing base, capex, rigs, drilling

Bill Barrett Sells Noncore Uinta Assets, Firms Up Liquidity

Bill Barrett improves its liquidity with the deal and also announces plans to reduce capex, idle a rig and enjoy robust oil and gas hedges while still growing production.

September 29, 2015
megamerger, Williams Cos., Williams Partners, ETE, Energy Transfer Partners, midstream

Energy Transfer Partners’ Long Pursuit Of Williams Ends With $38 Billion Ring

Energy Transfer tweaks its June offer with $6 billion in cash and will form a partnership that will be treated as a corporation for tax purposes called Energy Transfer Corp. LP. 

September 28, 2015
E&P fueling market, private equity, merger, Thigpen, Recapture, Flex Leasing, LNG conversion, shale

Get Back: Nine Months After Merger, Thigpen Energy Back On Its Own

Thigpen, an oilfield fuel solutions provider, recently changed its market focus to industrial and pipeline integrity projects and has seen business grow tenfold in the past six months.

September 25, 2015