Markets , Shale Plays , Pipelines

Magellan’s Permian-Houston Crude Pipelines Volumes Drop, Fuel Volumes Rise

The BridgeTex crude pipeline from the Permian to Magellan’s East Houston terminal, which is a joint venture, dropped to 215,000 bbl/d from nearly 315,000 bbl/d in the year-ago period.

July 29, 2022

Public Capital , Earnings , Shale Plays

Continental’s Solid Q2 Overshadowed by Harold Hamm’s Take-private Offer

An analyst said Harold Hamm’s $4.1 billion offer to Continental Resources private remains the “elephant in the room” for the company.

July 29, 2022

Liquefied Natural Gas , Shale Plays , Midstream

EQT in Talks with LNG Companies on Possible Agreements, CEO Says

Finding East Coast LNG opportunities is especially important for a producer like EQT because pipeline capacity in Appalachia, where EQT produces gas, was already near capacity and not expected to grow much in coming years.

July 29, 2022

Earnings , Shale Plays , Technology

Oilfield Service Firms’ Q2 Fortunes Turn Up

In second-quarter earnings, oilfield service companies Weatherford, NOV and H&P revealed rising revenues from the same period last year.

July 28, 2022

Shale Plays , Drilling

Liberty Energy Adding Fleets, Sees North American Oil Output Rising

Oil companies are "evaluating the opportunity to deploy incremental capital in North America to modestly grow production," Liberty Energy shared in its recent earnings call.

July 27, 2022

Natural Gas , Shale Plays , Gathering & Processing

Howard Energy Partners Expands South Texas Natural Gas Transport System

Under its planned expansion, joint venture Dos Caminos projects to increase total throughput to its Mexico and Gulf Coast LNG markets by 1 Bcf/d, doubling its production.

July 27, 2022

People , Exploration & Production , Shale Plays

Ex-Ultra Johnson, Ex-Stephens Kuck to Replace Civitas' Tinsley

Concurrent with the appointments of Brad Johnson and Brian Kuck to the Civitas Resources leadership team, Dean Tinsley will step down as senior vice president of operations, effective Aug. 1.

July 26, 2022

Public Capital , Earnings , Shale Plays

Range Resources Repurchases $130 Million in Shares Amid Market Undervaluation

Range Resources intends to reduce its leverage to 0.6x from 1.2x by the end of the year, the Marcellus shale producer said in its earnings report.

July 26, 2022

Shale Plays , Technology

CNX, Dynamis Introduce Appalachia's First Next Generation Electric-powered Drilling System

CNX Resources Corp. and Dynamis Power Solutions announced an innovative ESG agreement to introduce the Appalachian Basin's first electric powered drilling system fueled entirely by on-site natural gas.

July 26, 2022

Unconventional , Shale Plays , Technology

Shale Producers Continue Pursuit of Fracking Advances

Service companies are working to help shale operators get the most out of aging fields while cutting costs and emissions.

July 26, 2022