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The deal consists of stakes in nine shallow-water producing fields covering 108,000 gross acres in 10–50 m of water.
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Twelve organizations—universities and private technology companies—will conduct research and development on emerging shale plays and technologies covering everything from digital pressure-sensing to smart microchip proppant.
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Regulators say the blowout that killed five workers on a Patterson-UTI rig in Oklahoma was the product of a slow-moving series of missed signals, misleading testing, and miscalculations that failed to control a natural gas influx.
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Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows.
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Ranking places US ahead of Saudi Arabia and Russia.
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This new development is the first to recover commercial quantities of oil in the UK from reservoirs that are generally considered non-productive.
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Trade tensions and economic sentiment take a toll.
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As the hydraulic fracturing market faces pressure to lower costs, Keane Group and C&J Energy Services announce they will combine their businesses.
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Cost inflation and volatile commodity prices pose threats to sustained financial improvements.
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Up to 55,000 BOE/D of output is expected from the ExxonMobil-operated Bajo del Choique-La Invernada block in the Argentine shale play, with a possible second phase producing up to 75,000 BOE/D.
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Natural gas accounted for almost 45% of global demand growth last year.
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The combination will create one of the Haynesville Shale’s top gas producers, tripling Comstock’s Haynesville-Bossier acreage.
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