Productivity gains made in U.S. unconventional oilfields were solid last year and now are melding into more quality driven gains, improved by optimizing targets and increasing fractures, Goldman Sachs & Co. said Wednesday.
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Marathon Oil Selling Non-Core Assets For $950 Million
Marathon Oil Corp. has agreed to sell non-core assets in northwest Wyoming, Colorado, West Texas and the offshore Gulf of Mexico (GOM) for $950 million, bringing the total value of the company’s divestitures since last year to about $1.3 billion.
Marathon Oil Selling Non-Core Assets For $950 Million
Marathon Oil Corp. has agreed to sell non-core assets in northwest Wyoming, Colorado, West Texas and the offshore Gulf of Mexico (GOM) for $950 million, bringing the total value of the company’s divestitures since last year to about $1.3 billion.
Big Seven Oil, NatGas Production Still Slipping, EIA Says
Natural gas and oil production from the nation’s seven largest unconventional plays is likely to decline once again next month compared with April figures, according to the Energy Information Administration (EIA).
Big Seven Oil, NatGas Production Still Slipping, EIA Says
Natural gas and oil production from the nation’s seven largest unconventional plays is likely to decline once again next month compared with April figures, according to the Energy Information Administration (EIA).
Chesapeake Resuscitated in Spring Redetermination, Visible Liquidity Into 2017
Spring redetermination season has proven to be more lenient than some may have expected, with Chesapeake Energy Corp.’s $4 billion credit line reaffirmed on Monday, giving the onshore producer a lifeline and financial cushion into 2017.
Chesapeake Resuscitated in Spring Redetermination, Visible Liquidity Into 2017
Spring redetermination season has proven to be more lenient than some may have expected, with Chesapeake Energy Corp.’s $4 billion credit line reaffirmed on Monday, giving the onshore producer a lifeline and financial cushion into 2017.
‘Phenomenal’ Fracture Core Samples from Permian Test Site Called A Game Changer
The U.S. Department of Energy’s National Energy Technology Laboratory (NETL), working with the Gas Technology Institute, Laredo Petroleum Inc. and other industry partners, has collected what may be the world’s most comprehensive hydraulic fracturing research dataset in unconventional shale at a test site in the Permian Basin.
Parsley, Torchlight Adding Acreage in Midland, Southern Delaware Basins
Permian pure-play operator Parsley Energy Inc. said it will acquire more than 22,900 net acres of bolt-on acreage in the Midland and Southern Delaware Basins for $359 million in cash. Parsley also raised its full-year production guidance for 2016 to incorporate the acquisition’s current net production of about 2,300 boe/d.
Oil/Gas Rout Makes Its Mark on Texas Economy
Texas oil and natural gas industry employment fell 19.4% last year amid a nearly 66% decline in the price of oil and a 75% reduction in the number of active drilling rigs, according to economists at the Federal Reserve Bank of Dallas. Within the state, though, regions vary in their economic performance.