shale oil
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As tight-oil producers move to curtail production, hard-to-answer questions are being raised about how shuttered wells will come back. The issue reveals key uncertainties about the delicate flow paths that define unconventional reservoirs.
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The shale industry could shoulder 65% of $100-billion 2020 global E&P spending cut. Can oilfield services providers afford to cut their fees further to prop up hard-hit operators?
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As capital markets dry up and shale producers look for pathways to growth, oil and gas data analytics firm Enverus predicts the US sector will see a “surge” in mergers and acquisitions in 2020.
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The formula for value in a shale play used to be simple, lease acreage in the best quality rock based on Tiers cover large areas. That standard is fading as it has become obvious that the rock is highly variable and the drilling and completion designs are just as important.
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Reduced investment in US shale will continue to weigh down the global oilfield services market through 2020.
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The company said it will avoid the pumping business's “structurally disadvantaged position” and instead focus on well servicing and water logistics.
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A new report says that production growth in the world’s most prolific unconventional basin is on the verge of stalling out.
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Under the agreement, the Oklahoma City independent will monetize half of its working interest in 133 undrilled locations in the form of a $100-million drilling carry during the next 4 years.
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Most of ConocoPhillips’ oil and gas production by the end of the next decade will come from its unconventional operations. But, for the near-term, the Houston independent will rely on conventional assets as it seeks to keep spending in check, decline rates low, and cash flow on the rise.
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New research links a rise in seismic activity in West Texas with increased oil and gas development over the past 20 years and, in particular, the past decade.