unconventional

ConocoPhillips Focused on Returns, to Spend $5.5B on Capex Annually Through 2020

ConocoPhillips expects to grow oil and natural gas production by 5% and spend $5.5 billion a year on capital expenditures (capex) through 2020, but executives said the company could maintain flat production, including in the U.S. onshore, to leave room for dividends in case oil prices decline.

November 10, 2017
Mexico’s Water Use Rules for Unconventional E&P Projects Updated

Mexico’s Water Use Rules for Unconventional E&P Projects Updated

The Mexican government continues to update its environmental regulations as authorities prepare for the first exploration and production (E&P) auction to feature blocks with unconventional oil and natural gas resources since the energy reforms of 2013.

September 5, 2017

Pennsylvania DEP Proposes Raising Fees on Shale Operators

The Pennsylvania Department of Environmental Protection (DEP) plans to raise fees it levies on operators of unconventional wells, but did not say by how much.

August 28, 2017

Conventional Plays Target of Oklahoma’s Expanded Long-Lateral Drilling Rules

Implementing a law passed earlier this year by the state legislature, the Oklahoma Corporation Commission (OCC) has adopted on an emergency basis long-lateral drilling rules that apply to all oil and natural gas formations in the state, not only unconventional plays.

August 24, 2017
‘Persistent’ Growth Seen in U.S. Onshore Oil, NatGas as Completions Catch Up, Says Rystad

‘Persistent’ Growth Seen in U.S. Onshore Oil, NatGas as Completions Catch Up, Says Rystad

U.S. onshore unconventional growth began to exhibit “material and persistent” monthly output growth in the first quarter after bottoming out in mid-2016, a trend likely to continue through 2017, according to an analysis by Rystad Energy.

May 24, 2017
Permian’s ‘Ultimate Prize’ Significant, Says ExxonMobil CEO

Permian’s ‘Ultimate Prize’ Significant, Says ExxonMobil CEO

ExxonMobil Corp. plans to direct a bigger slice of its capital to U.S. unconventionals, short-cycle plays where activity can be turned up or down as commodity prices fluctuate, CEO Darren Woods said Wednesday.

March 2, 2017

U.S. Unconventionals to Pressure Oil Prices for Years, Says ExxonMobil Chief

Even as supplies tighten, ample production from U.S. unconventional drilling will pressure commodity prices for years to come, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.

October 19, 2016
Manufactured Unconventional NatGas More Price Responsive, Less Volatility Than Traditional Production

Manufactured Unconventional NatGas More Price Responsive, Less Volatility Than Traditional Production

Unconventional natural gas wells tend to take longer to reach production but they may be almost three times as responsive as conventional gas wells, almost entirely because of higher productivity, an analysis has found.

August 23, 2016

Upper Devonian, Utica Shales Helped Drive Up Pennsylvania’s 2015 NatGas Production

The Upper Devonian and Utica shales contributed meaningfully for the first time to Pennsylvania’s natural gas output in 2015, according to an annual oil and gas report that was released on Monday by the state’s Department of Environmental Protection (DEP).

August 1, 2016

Pennsylvania Legislature Approves New Shale Regulations, Scraps Rules for Conventional Wells

After more than five years in the making, months of fiery debate and weeks of behind-the-scenes negotiations, the Pennsylvania General Assembly on Wednesday approved new environmental regulations for shale gas production and voted for legislation to scrap new rules for legacy producers.

June 15, 2016