Schlumberger, shale, drilling, technology, rig, fracturing, subsea, tieback, Kibsgaard, Rowe

Schlumberger Targets ‘Super Laterals,’ Subsea Tiebacks

The company is gearing up to roll out its “rig of the future” next year as its Cameron Group looks for further subsea tieback growth opportunities.

October 21, 2016

Escalating Permian Valuations Start To Squeeze E&Ps

The Delaware Basin has caught up to the Permian in acreage valuations through multiple high-profile deals. But can they make money?

October 21, 2016
Gastar Exploration Inc, refuels, Stack, JV, joint venture, noncore, sale, Midcontinent, pure play, Houston, Oklahoma, Kingfisher County, liquidity, revolver, borrowing base, redetermination, debt, Gabriele Sorbara, The Williams Capital Group, analyst, Mik

Gastar Refuels With Stack JV, Noncore Sale

Several maneuvers to free liquidity will likely fund the Houston-based company through 2018, analysts said.

October 20, 2016
EIA, DUC, well, drilled, well, uncompleted, oil, gas, Eagle Ford, Bakken, Marcellus, Wood Mackenzie

Favorable Oil, Gas DUC Economics Could Heal Wounds

The latest data from the U.S. Energy Information Administration shows the number of drilled but uncompleted wells is falling.

October 19, 2016
Dril Quip, TIW Corp, land ho, ashore, $143 million, deal, acquisition, liner hanger system, oilfield service, Halliburton, Baker Hughes, Weatherford, J David Anderson, analyst, Barclays Capital, merger, offshore, DRQ, revenue, debt, president, CEO, Blake

Land Ho! Dril-Quip Comes Ashore In $143 Million Deal

The company picks up TIW Corp., founded during the First World War, for its first acquisition since it was formed in 1981.

October 19, 2016

Candidate Trump Meets With Colorado Oil And Gas Execs

Donald Trump, the Republican contender for the U.S. presidency, spoke with a group of Colorado oil and gas executives in an information-sharing meeting in early October. 

October 18, 2016
SM Energy, buys, sells, acquisition, divestiture, Midland Basin, Permian Basin, Williston Basin, Oasis Petroleum, North Dakota, Texas, deals, QStar, EnCap Investments, Hart Energy, Oil and Gas Investor, Darren Barbee

SM Energy Buys Midland, Sells Williston In Deals Worth $1.9 Billion

UPDATE: SM’s Midland position will expand to 82,450 net acres and its drilling locations in the basin will increase to more than 4,100.

October 18, 2016
Comstock Resources, oil, natural gas, South Texas, conventional gas, Haynesvill, shale, drilling, Jay Allison, CEO, liquidity, Capital One Securities, Eagle Ford, Tuscaloosa Marine, BMO Capital Markets, Locke Lord, Hart Energy, Oil and Gas Investor, Emily

Comstock’s South Texas Divestiture To Pay Haynesville Bills

The company plans to use sale proceeds to fund its 2016 drilling program in the Haynesville Shale, which it recently restarted.

October 17, 2016
EOG, Yates Petroleum, acquisition, Delaware Basin, Powder River Basin

Acquisition-Shy EOG Closes ‘Really Big Bolt-On’ To Double Permian

The deal also includes 1.1 million net acres in New Mexico, Wyoming, Colorado, Montana, North Dakota and Utah.

October 17, 2016

Fits And Starts For Contractors, But No Major Third-Quarter Mojo

Yo-yoing third-quarter commodity prices undercut momentum for the oilfield services sector and pushed the long-awaited recovery into 2017.

October 14, 2016
RSP Permian, Silver Hill Energy Partners, Diamondback Energy Inc, Delaware Basin, West Texas, acquisition, $2.4 billion, Midland Basin, oil, natural gas, horizontal wells, shale, Steve Gray, CEO, Kayne Anderson Capital Advisors, Ridgemont Equity Partners,

RSP Permian Buys Delaware Basin’s Silver Hill For $2.4 Billion

The acquisition complements RSP's Permian portfolio, where it operates in the Midland Basin.

October 13, 2016
SM Energy, A&D, Permian, Midland Basin, Sweetie Peck, rigs

SM Energy’s Ready To Pump Up Permian Volume

Following a $980 Midland Basin acquisition, the company plans to funnel nearly all of its capex into the Permian and jettison assets in the Bakken and Eagle Ford. Update: In a recent development, SM made two deals worth about $1.9 billion.

October 13, 2016