Rosetta Resources Inc. turned in record production during the second quarter thanks in part to new well completion techniques. Eagle Ford production was up sharply, and the company is seeing its “best wells to date” in the Permian Basin.
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Calumet Acquires Specialty Oilfield Solutions for $30M
Calumet Specialty Products LP said it has acquired substantially all of the assets of one of its competitors, privately-held Specialty Oilfield Solutions Ltd. (SOS), in a cash deal valued at $30 million.
Pioneer Advances in Midland Basin, Sets Eagle Ford Production Record
During the second quarter, Pioneer Natural Resources Co. continued transitioning from appraisal to development on its northern Spraberry/Wolfcamp acreage in the Midland Basin, and in the Eagle Ford Shale it’s pushing forward on well downspacing.
Wolfcamp Shale Joining the Tight Oil Pack Leaders
The stacked pay potential of the Midland Basin’s Wolfcamp Shale has been attracting increasing producer interest and investment, and that’s predicted to grow substantially as the play is further developed, according to Wood Mackenzie.
Halcon Reports Record Quarter, But Second TMS Well Sidetracked
Halcon Resources Corp. continued making gains on drilling and completion efficiencies in the second quarter, mainly in the Williston Basin, where the Bakken/Three Forks Shale accounted for more than half of its record-breaking 42,055 boe/d.
New Completion Design Lifts Value of SM Energy’s Eagle Ford Inventory
Denver-based SM Energy Co. executives on Wednesday released early positive results from new Eagle Ford Shale well completion techniques and detailed an acquisition of Bakken/Three Forks acreage that is adjacent to land where the company has experienced faster drill times and better completions.
Eagle Ford, Bakken Shales Continue to Boost ConocoPhillips’ Production
ConocoPhillips reported 1.59 million boe/d of production in 2Q2014, a 6.5% increase year-over-year, and the Houston-based oil independent’s Eagle Ford and Bakken shale wells once again had the lion’s share of the growth.
U.S. Condensate Export Uncertainty Not Good, Marathon CEO Says
Echoing some of the criticism from Congress toward the U.S. Commerce Department on its handling of proposals to allow crude oil condensate exports (see Shale Daily, July 10), Marathon Petroleum Corp. (MPC) CEO Gary Heminger on Thursday said the uncertainty is counterproductive economically. He made the remarks during a 2Q2014 conference call reporting greatly increased quarter-over-quarter results.
Texas May Production Up from April and Year-Ago Levels
Texas preliminary May crude oil production averaged 2.14 million b/d, up from the 1.68 million b/d average of May 2013. Preliminary crude oil production for May was 66.24 million bbl, up from 52.22 million bbl reported during May 2013.
Anadarko Boosts Full-Year Production Guidance; Wattenberg Leads the Way
Anadarko Petroleum Corp.’s U.S. onshore sales volumes averaged 667,000 boe/d during the second quarter, an increase of more than 117,000 boe/d from a year ago, primarily driven by the Wattenberg Field in Colorado, the Eagle Ford Shale and the Permian Basin’s Delaware formation.