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Video games have been seen as a big waste of time for years by parents around the globe. But now, the oil and gas industry sees the underlying technology as a big time saver.

A new event is kicking off in September that will bring together the brightest minds in digital tech and oil and gas.

The pressure pumping giant turns to algorithms to get better fractures and fewer problems.

Production from older wells in the Permian Basin is declining faster than widely assumed, according to a new study. If this trend holds, it could lead to problems for companies that are depending on those wells to pay for future development or to justify a big acquisition.

A new report shows a 16% increase fueled by longer lateral lengths and horizontal drilling activity out of the Permian Basin. Continued gains in these areas should bode well for the future, but other factors may play into the market’s performance.

Shale explorers run very few logs into horizontal wells, making it difficult to understand the effects of reservoir depletion in tightly spaced wells. This new technology is trying to change that.

ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.

Diamondback is slated to become the Permian’s latest pure-play giant with its pending purchases of Energen and Ajax Resources.

BP has seen enormous payoff from a program to intervene in underperforming subsea wells in the Gulf of Mexico.

Operators are working with a young startup company to overhaul how the unconventional sector has traditionally interpreted one the most common tests used to influence well completion designs.

Hydraulic fracturing is now a little bit easier for US shale operators thanks to readily available horsepower and in-basin sand.

While US onshore still holds an edge, international oil companies are finding attractive options for diversifying their portfolios, mixing onshore with offshore conventional fields, where finding and development costs are down , and the time it takes to bring them on line.