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E&P Market Intelligence: Less Is More In The Midcon

Unconventional

E&P Market Intelligence: Less Is More In The Midcon

Midcontinent E&P companies reduce well intensity to generate economic returns.

On The Money: No Single (Or Simple) Solution For E&Ps

Public Capital

On The Money: No Single (Or Simple) Solution For E&Ps

As we look back on 2019, and ask ourselves where the E&P industry is headed, we may wonder where we may find wisdom.

ALPA PROD/Shutterstock.com

Business

2020 Energy Innovators: The Skills Gap

An aging workforce and increased competition for tomorrow’s technical talent have left the oil and gas industry nervous about its future.

MarketsSee More

fracspread 011620

Frac Spread: Prices Falling And They’re Not Done

Natural gas, ethane and propane struggle with too much output and more to come.

IEA: Oil Stocks, Non-OPEC Output To Buffer Market From Shocks

The risk has receded for now, the agency said.

OPEC Expects Lower Demand For Its Oil As US Hits New Milestone

OPEC expects lower demand for its crude oil in 2020 as rival producers grab market share and the U.S. looks set for another output record.

China’s 2019 Annual Crude Imports Set Record For 17th Year

Imports averaged 10.12 million bbl/d, an increase of 882,000 bbl/d.

BusinessSee More

Schlumberger Tops Estimates On Higher International Drilling Activity

Schlumberger Tops Estimates On Higher International Drilling Activity

Schlumberger outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.

Big Three Oilfield Service Firms Start Year With Asset Sales

Schlumberger, Halliburton and Baker Hughes reportedly kicked off the new year by putting units up for sale, as the three largest names in oilfield services adjust to falling demand.

Bakken Nonop Northern Oil And Gas Buys Back Debt

Northern Oil and Gas, an E&P with a nonop position in the core of the Williston Basin Bakken and Three Forks play, said the agreement was with an institutional holder of its 2023 notes.

Enerplus Taps Wade Hutchings From Devon Energy For COO Role

Enerplus Taps Wade Hutchings From Devon Energy For COO Role

Wade Hutchings’ appointment as COO is in conjunction with the retirement of Ray Daniels, who has had a decades-long career in energy including 12 years at Enerplus.

TechnologySee More

Baker

Shale Solutions: Driving Drilling Performance To Lower Operating Costs

New-generation downhole motor delivers increased horsepower, torque and durability to drill the curve and lateral in one run and drill extended-lateral sections.

Crestone Peak Enters Air Quality Monitoring Partnership For Colorado Well Sites

Crestone Peak Resources revealed on Jan. 16 an innovative partnership for a large-scale test of real-time continuous air quality monitoring at its oil and natural gas production sites in Colorado.

DNV GL Publishes New Standard To Reduce Risk During Horizontal Drilling

A new standard for site investigation, engineering, planning and execution of pipeline installation through horizontal directional drilling (HDD), has been published by DNV GL, the technical advisor to the oil and gas industry said on Jan 15.

STEP Energy Services Completes Inaugural Coiled Tubing Job In North Dakota

STEP Energy Services (STEP) performed its first coiled tubing job in North Dakota earlier this month for an independent oil producer in the area, the company said on Jan. 16.

Exploration & ProductionSee More

The number of high-impact wells drilled globally jumped by 36% to 91 in 2019, according to Westwood Global Energy Group. (Source: Shutterstock.com)

Pace Picks Up Offshore For High-Impact, Frontier Drilling

The 27 high-impact discoveries made by wells drilled last year collectively pushed discovered commercial volumes to a level not seen since 2015, report shows.

From E&P Executive Editor: The Million-Barrel Question

From E&P Executive Editor: The Million-Barrel Question

Can U.S. shale hit the gas on its crude oil production at a moment’s notice?

Diamondback Energy Ends 2019 Strong After Frac Hit Issue Eases

Diamondback Energy Ends 2019 Strong After Frac Hit Issue Eases

Diamondback Energy reported a rebound in oil production after frac hits impacted the Permian Basin operator’s results in third-quarter 2019.

Apache, Total Make Significant Oil Discovery Offshore Suriname

Apache, Total Make Significant Oil Discovery Offshore Suriname

Results from the Maka Central discovery prove “significant potential” for the entire 1.4 million acres that comprise Block 58 offshore Suriname, says Apache CEO John Christmann.

TransactionsSee More

Lime Rock Resources Executive Q&A: A Time To Pause, A Time To Buy

Lime Rock Executive Q&A: A Time To Pause, A Time To Buy

To everything there is a season, and while others might find this a time to scatter stones, this disciplined and prepared E&P is busy gathering them. The principals of Lime Rock Resources talk strategy, A&D and practiced patience.

Marketed: Merit Energy Powder River Basin Waterflood Asset

Merit Energy retained Detring Energy Advisors to market for sale its 100% operated producing properties, leasehold and related assets located in Campbell and Crook counties, Wyo., with bids due Feb. 26.

Marketed: Marathon Oil Horizontal Oklahoma Well For Sale

Marathon Oil retained Energy Advisors Group for the sale of one recently completed horizontal Marchand well located on trend with Southern Oklahoma Hoxbar Oil Trend (SOHOT) in Caddo County, Okla.

Marketed: Midland, Delaware Basin Mineral Properties

Munich Minerals and Royalty and Majestic Minerals and Royalty retained RedOaks Energy Advisors for the sale of mineral properties located in the Midland and Delaware basins within the Permian.

Policy & RegulationsSee More

Opinion: Why Extinction Rebellion Is Wrong About BlackRock

Opinion: Why Extinction Rebellion Is Wrong About BlackRock

Would you rather global societal breakdown occurred by climate change or mass energy poverty? Or none of the above?

Opinion: What Happens If China Does Buy $52 Billion Of US Crude, Coal, LNG?

The terms of the trade deal imply an absolutely massive increase in Chinese imports of U.S. energy, and if this actually comes to pass, it will have serious disruptive effects across global markets.

Fusco

US Energy Exports To Climb As China Pledges Ramp-Up In Purchases

Quantities were not specified in the accord and analysts were unclear how quota sales will work.

States Oppose Trump Proposal To Ship LNG By Rail, Citing Safety Risk

Attorneys general urge PHMSA to withdraw the proposal pending safety studies.

MidstreamSee More

Interview: NACE Leads In Ongoing War Against Pipeline Corrosion

Interview: NACE Leads In Ongoing War Against Pipeline Corrosion

D. Terry Greenfield, 2019-2020 president of NACE International, discusses the challenges faced in the battle against corrosion and his priorities, as oil and gas are not the only assets affected.

Tallgrass Lays Out Succession Plan For Outgoing CFO Gary Brauchle

Tallgrass Energy, which agreed to a sweetened take-private offer from a Blackstone-led group last month, said the resignation of Gary Brauchle as CFO is not the result of any disagreement with the company.

TC Energy To Resume Keystone XL Pipeline Work In February

TC Energy said in a filing it would start mobilizing heavy construction equipment in order to begin building a 1.2-mile (1.93 km) segment of the Keystone XL pipeline spanning the U.S.-Canada border.

Fourth Unit At Kinder Morgan’s Elba LNG Plant Ready For Service

Facility will be ready by Jan. 16, says filing with FERC.