Shale Daily

Even if crude oil prices were to drop to $80.00/bbl, U.S. unconventional oil from tight fields should remain profitable, according to the International Energy Agency (IEA).

Gulfport Energy Corp. surprised some financial analysts on Wednesday when it announced that third quarter production finished 6% ahead of guidance, setting the stage for a strong year-end finish, as volumes continued trending higher through the first two weeks of October.

Production from the seven most prolific U.S. shale and tight oil regions in November is expected to reach 43.28 Bcf/d of natural gas (up 1.4% from October ) and 5.14 million b/d of crude oil (up 2.4% from this month), according to the Energy Information Administration (EIA).

With growing concerns about seismic activity tied to oil and natural gas operations in Oklahoma, the U.S. Geological Survey (USGS) has deployed two seismic monitors to Cushing, OK, in the wake of a new swarm of earthquakes near the crude storage/transportation center.

Range Resources Corp. is preparing for enormous production growth from the Appalachian Basin in the coming years, making no secrets about its plans to grow volumes 20-25% annually, but the demand and takeaway capacity has to be there in order for it to profitably reach a stated goal of 3 Bcfe/d.

Oil and natural gas production continued to climb in North Dakota in August, but at a more modest pace, the state’s latest monthly statistics revealed Wednesday.

A strong majority of potential voters in four western states support government mandates for oil/natural gas operators to greatly cut amounts of flared wellhead associated gas, according to a recent survey completed for the nonprofit Western Values Project (WVP).

Houston-based Oasis Petroleum Inc. continued water and soil sampling Monday after one of its pipelines spewed 42,000 gallons of salty wastewater into a pool and small creek that are part of a tributary to a Missouri River reservoir in McKenzie County in northwest North Dakota.

Atlas Resource Partners LP (ARP) executives plan to put a herculean effort toward demonstrating the value of the exploration and production (E&P) assets as it prepares to spin off from its parent following a merger agreement with Targa Resources Corp.