Shale

Onshore Gains Nudge U.S. Rig Count Higher as GOM Total Shrinks

Onshore Gains Nudge U.S. Rig Count Higher as GOM Total Shrinks

Gains in land drilling offset a decline in the Gulf of Mexico (GOM) to send the U.S. natural gas rig count two units higher to 455 for the week ended Friday (May 21), according to the latest numbers from Baker Hughes Co. (BKR). Four oil-directed rigs were added in the United States for the week,…

May 21, 2021
Enerplus Expects Bakken Production to Grow After Acquisitions

Enerplus Expects Bakken Production to Grow After Acquisitions

Canadian independent Enerplus Corp. reported lower year/year production for the first quarter but it is poised to resume growing output in the Bakken Shale of North Dakota following a pair of recent acquisitions. Natural gas production for the firm, which also has assets in the Marcellus Shale, dropped to 255.7MMcf/d in the first three months…

May 14, 2021
Appalachian Natural Gas, Coal Produce Most Methane in U.S., Kayrros Says

Appalachian Natural Gas, Coal Produce Most Methane in U.S., Kayrros Says

New measurements released last week by Kayrros quantifying emissions across the Appalachian Basin show the region is the biggest source of methane in the United States. Kayrros, which uses satellites and other methods to track emissions, said methane from Appalachia exceeds even the country’s most active oil and gas fields in the Permian Basin. But…

April 26, 2021
Pioneer Natural Building Permian Midland Stronghold with $6.4B DoublePoint Deal

Pioneer Natural Building Permian Midland Stronghold with $6.4B DoublePoint Deal

Dallas-based Pioneer Natural Resources Co., whose focus has long been in the Permian Basin Midland, is plunking down $6.4 billion to build its base with the takeover of West Texas competitor DoublePoint Energy LLC.  The deal, a cash-and-stock split, would add 97,000 net contiguous acres directly offsetting and overlapping Pioneer’s existing footprint. The mostly undrilled…

April 5, 2021
U.S. Silica, Smart Sand Report Rising Demand for Proppant by E&P Customers

U.S. Silica, Smart Sand Report Rising Demand for Proppant by E&P Customers

Hydraulic fracturing operations slowed considerably across the Lower 48 last year as the pandemic slammed the oilpatch, but proppant operators are seeing signs of a turnaround as their customers begin completing wells. The management teams of U.S. Silica Holdings Inc. and Smart Sand Inc. recently held their fourth quarter conference calls, acknowledging the struggles through…

March 12, 2021

Correction

In the story, “ConocoPhillips, Pioneer Natural CEOs Preach Discipline as Permian Activity Rebounds,” Pioneer Natural Resources Co.’s free cash flow (FCF) projections were misstated. Pioneer expects to deliver $16 billion of cumulative FCF over the next five to six years, assuming a $55/bbl Brent crude oil price. NGI’s Shale Daily regrets the error.

March 8, 2021
Wyoming Governor Blasts Interior for Pausing Oil, Gas Permits and Postponing Lease Sale

Wyoming Governor Blasts Interior for Pausing Oil, Gas Permits and Postponing Lease Sale

Wyoming’s revenue could be devastated in the near term by the pause in oil and gas permitting on federal lands, Gov. Mark Gordon warned on Wednesday. In a letter to Acting Interior Secretary Scott de La Vega, Gordon outlined his concerns over Secretarial Order 3395 issued in January regarding the pause in issuing federal permits…

February 22, 2021
Vaca Muerta Oil Production Hitting Record Levels, but Natural Gas Still Lagging

Vaca Muerta Oil Production Hitting Record Levels, but Natural Gas Still Lagging

Oil production from the vaunted Vaca Muerta shale deposit in the Neuquén basin in Western Argentina has come roaring back after months of slower exploration and production activity. Vaca Muerta reached a record high of 124,000 b/d in December, and it can continue toward 145,000–150,000 by the end of 2021 if current activity levels continue,…

February 3, 2021
Ring Drilling First Permian Horizontal in 10 Months, but Executive Upheaval Drawing Concerns

Ring Drilling First Permian Horizontal in 10 Months, but Executive Upheaval Drawing Concerns

Permian Basin producer Ring Energy Inc. said Thursday it has begun drilling its first horizontal well in 10 months on the Northwest Shelf leasehold in West Texas, a positive sign in what is proving to be a year of upheaval for the company. The Badger 709 B No. 6XH oil San Andres well in Yoakum…

December 7, 2020
NextTier, NOV Testing E-Fracking Prototype for Lower 48 Well Sites

NextTier, NOV Testing E-Fracking Prototype for Lower 48 Well Sites

Oilfield services operator NexTier Oilfield Solutions Inc. is collaborating on field tests of National Oilwell Varco Inc.’s (NOV) electric fracturing, aka e-fracking, system to reduce emissions and equipment at well sites. The Houston-based operators plan to test NOV’s Ideal eFrac fleet, which was introduced in the third quarter. NextTier, a completions provider, works in the…

November 23, 2020