Fracing

Window Closing on Colorado Initiative 97: Voter Signature Collection Period Ends this Weekend

Window Closing on Colorado Initiative 97: Voter Signature Collection Period Ends this Weekend

Initiative 97 imposes a mandatory statewide minimum 2,500-foot drilling setback, also cedes power to local governments to increase setbacks

This is the final week for environmental activist groups 350.org and Colorado Rising to gather signatures for Colorado ballot initiative 97. …

August 1, 2018 - 1:42 pm
Atlas Sand Announces Grand Opening of Kermit, TX Facility

Atlas Sand Announces Grand Opening of Kermit, TX Facility

Atlas Sand Company, LLC has announced the grand opening of its Kermit, TX facility.  On July 29, 2018, the first scheduled deliveries of frac sand from the Atlas Kermit site were fulfilled. The Kermit facility’s anticipated production capacity is currently …

July 31, 2018 - 12:30 pm
Texas Jury Nails Frac Company with $101 Million Verdict

Texas Jury Nails Frac Company with $101 Million Verdict

From FreightWaves

A jury verdict in a Texas court last week against an oil service company may have set the record for the largest civil penalty ever handed down in an accident involving a truck.

The $101 million verdict exceeds …

July 23, 2018 - 3:14 pm
Colorado 2,500-Foot Setback Initiative 97 Enters the Stretch, Proponents Accelerate Grassroots Campaign

Colorado 2,500-Foot Setback Initiative 97 Enters the Stretch, Proponents Accelerate Grassroots Campaign

Extremely well-organized ‘keep it in the ground’ groups tell like-minded voters exactly what to do to get initiative 97 on the ballot, what to say at the COGCC hearing 

“We’re calling on the COGCC to prioritize public health and safety

July 17, 2018 - 2:57 pm
Activists Harass New Mexico County Commissioners for Voting Down Proposed Frac Rules

Activists Harass New Mexico County Commissioners for Voting Down Proposed Frac Rules

Activists call commissioners ‘baby killers’ as local control of oil and gas brings indigestion to Sandoval County Commission meetings

Commissioners are stuck in between an animated anti-oil and gas movement and concerns about their county’s economic well-being 

From the Daily

July 10, 2018 - 1:14 pm
Junex and Cuda Join for Wyoming Vertical Development

Junex and Cuda Join for Wyoming Vertical Development

Junex (CVE: JNX) and Cuda Energy Inc. have announced a strategic business partnership, which will operate under the name Cuda Oil and Gas Inc.

The newly formed Cuda Oil and Gas has also announced it has entered into an agreement …

June 11, 2018 - 4:29 pm
In-Basin Sand Mines are Sprouting Fast in Texas and Oklahoma

In-Basin Sand Mines are Sprouting Fast in Texas and Oklahoma

Locally sourced frac sand gets the job done at a discount

Last week, Alpine Silica, a private supplier of frac sand, announced that it will open two new frac sand projects—one in Van Horn, Texas and the other in Fay, …

June 8, 2018 - 6:17 pm
Pennsylvania Gov. Wolf Will Curb Methane Pollution at NatGas Sites

Pennsylvania Gov. Wolf Will Curb Methane Pollution at NatGas Sites

From the Philadelphia Inquirer

In a move hailed by environmental groups, Gov. Wolf announced Thursday that methane from new, unconventional natural gas operations will be capped and emission leaks will have to be fixed — a big step for a …

June 7, 2018 - 6:26 pm
Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

United Nations Seems a Bit Fearful that Shale Gas Will Be What Achieves Global Prosperity

New UN report warns members to approach hydraulic fracturing with caution; says don’t invest in shale at the expense of renewables

The United Nations Conference on Trade and Development has published a new report looking at the global shale gas …

June 1, 2018 - 3:59 pm
Iran to Install New Rigs in South Pars Gas Field

Iran to Install New Rigs in South Pars Gas Field

From MEHR NEWSAGENCY

Ali Afaraideh Ghiyassi, the Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on Thursday that 6 new oil platforms will be installed in Iran’s the supergiant South Pars Gas Field by …

May 31, 2018 - 11:05 pm
Anadarko Shuts Down Colorado NatGas Gathering System

Anadarko Shuts Down Colorado NatGas Gathering System

From The Denver Post

The decision could mean well closures and job losses

Anadarko Petroleum Corp., the largest energy driller in the state, is closing a natural gas gathering system in northern Colorado, citing safety considerations.

The system — a …

May 31, 2018 - 8:03 am
How the U.S. Will Handle the OPEC-Russia Spigot

How the U.S. Will Handle the OPEC-Russia Spigot

Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered …

May 30, 2018 - 5:07 pm
Inventories Back at Five-Year Averages—for Now

Inventories Back at Five-Year Averages—for Now

The production cuts may have erased the surplus, but for how long?

Stored petroleum around the world fell through 2017 and the first quarter of 2018, ending a period of oversupply in the global market that began before OPEC began …

May 30, 2018 - 4:17 pm
EcoStim Ups Capacity to ‘Super Fleet’ in the STACK

EcoStim Ups Capacity to ‘Super Fleet’ in the STACK

Eco-Stim Energy Solutions, Inc. (ticker: ESES) reported today that it has agreed to provide its primary customer in the STACK with additional dedicated horsepower and equipment, including natural gas-powered pumping units. The company refers to this collaborative plan as a …

May 29, 2018 - 4:08 pm
Warburg Pincus Invests $138 Million in Canadian E&P

Warburg Pincus Invests $138 Million in Canadian E&P

Calgary-based E&P Artis Exploration Ltd. closed a CDN$180 million (USD$138 million) growth equity investment from Warburg Pincus.

Founded in 2015, Artis is focused on the Duvernay East Shale Basin of Western Canada, where the company holds a contiguous acreage position …

May 29, 2018 - 3:22 pm
Vermilion Energy Closes $1.4 Billion Acquisition

Vermilion Energy Closes $1.4 Billion Acquisition

Vermilion Energy Inc. (ticker: VET) closed the acquisition of Spartan Energy Corp. for a total consideration of $1.40 billion, comprised of $1.23 billion in Vermilion shares plus the assumption of approximately $175 million in debt.

Vermilion acquired all of the …

May 29, 2018 - 3:10 pm
The Permian’s Precious Water: E&Ps Weigh In

The Permian’s Precious Water: E&Ps Weigh In

In this Midland/Delaware Basin infrastructure roundup, the following E&Ps are covered:

  • Halcón Resources Company (ticker: HK)
  • Approach Resources Company (ticker: AREX)
  • Apache Company (ticker: APA)
  • Callon Petroleum Company (ticker: CPE)

 

Waterworks

 

Halcón plans water saving costs

Halcon reported …

May 25, 2018 - 3:52 pm
Strategic Oil & Gas to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018

Strategic Oil & Gas to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018

Strategic Oil & Gas Ltd. (ticker: SOG) is an oil and gas company based in Calgary, Canada.

In the first quarter of 2018, Strategic drilled two horizontal Muskeg development wells at west Marlowe in northwestern Alberta. The wells commenced production …

May 25, 2018 - 3:44 pm
Callon Petroleum Expands Permian Footprint with $570 Million Delaware Purchase

Callon Petroleum Expands Permian Footprint with $570 Million Delaware Purchase

Consolidation continues in the Permian, with Callon Petroleum (ticker: CPE) purchasing $570 million in assets Thursday.

Callon intends to acquire 28,657 net acres in the Delaware, primarily in Ward and Loving Counties, from Cimarex Energy (ticker: XEC). This acreage is …

May 25, 2018 - 3:15 pm
A Look at Activity in the Permian from Three Players’ Perspectives

A Look at Activity in the Permian from Three Players’ Perspectives

Oil & Gas 360® takes a look at three companies with operations in the Permian:

  • Halcón Resources Company (ticker: HK)
  • Approach Resources Company (ticker: AREX)
  • Apache Corporation (ticker: APA)

Halcón Resources

Production for the first quarter of 2018 averaged 10,967 …

May 17, 2018 - 4:51 pm
Brent Crude Hits $80

Brent Crude Hits $80

From Reuters

Oil prices climbed above $80 a barrel on Thursday for the first time since November 2014, hitting new multi-year highs on concerns that Iranian exports could fall because of renewed U.S. sanctions, reducing supply in an already tightening …

May 17, 2018 - 8:05 am
Steve Chazen’s Magnolia Assets: Q1 2018 Results

Steve Chazen’s Magnolia Assets: Q1 2018 Results

TPG Pace Energy Holdings Corp. (ticker: TPGE), an energy-focused special purpose acquisition entity led by former Occidental Petroleum Corporation CEO Steve Chazen, disclosed certain financial and operating results for the first quarter of 2018 for the Karnes County and Giddings …

May 16, 2018 - 5:51 pm
Sterling Resources Taps Peru

Sterling Resources Taps Peru

Sterling Resources speeds up Bretana field development

Peru-focused E&P Sterling Resources Ltd. (ticker: SLG) has advanced the 2018 capital program at the Bretana field in Northeast Peru. Last December, the company acquired 100% working interest in the field. At the …

May 16, 2018 - 4:49 pm
Courtesy of Chesapeake

Reserve Size Matters Less

From Reuters

A decade ago, the news that the world’s top oil and gas companies had less than 12 years of production left in their reserves might have caused a panicked sell-off in their shares.

But as consumers try to …

May 16, 2018 - 8:01 am
Rosehill Resources Produced More Than 18,000 BOEPD in April 2018

Rosehill Resources Produced More Than 18,000 BOEPD in April 2018

Rosehill cuts Loving County spud-to-TD time in half

Rosehill Resources Inc. (ticker: ROSE) reported a net loss attributable to Rosehill of $1.3 million, or $(0.22) per share. Rosehill said this loss included an $18.2 million non-cash, pre-tax loss on commodity …

May 15, 2018 - 5:13 pm
Goodrich Petroleum: Focused on Haynesville through 2019

Goodrich Petroleum: Focused on Haynesville through 2019

All CapEx in 2018 and 2019 focused on Haynesville

Goodrich Petroleum Corporation (ticker: GDP) had a net loss of $5.3 million in the first quarter of 2018, or $(0.47) per share. Capital expenditures totaled $21 million in the quarter, of …

May 15, 2018 - 5:06 pm
Gulfport Energy Scores Big Gas Wells in the SCOOP

Gulfport Energy Scores Big Gas Wells in the SCOOP

Expects to fund all $780 million CapEx within cash flow in 2018

Gulfport Energy Corporation (ticker: GPOR) provided an update on two notable SCOOP well results.

During its initial 30 days of production, the Lilly 3-15X10H cumulatively produced 395.5 MMcf …

May 15, 2018 - 4:59 pm
Premier Reaffirms South Australia’s Partial Frac Ban

Premier Reaffirms South Australia’s Partial Frac Ban

From News.Au

South Australian Premier Steven Marshall has reaffirmed his state’s partial ban on fracking to a gathering of oil and gas industry chiefs.

The partial ban on fracking in South Australia will remain, with Premier Steven Marshall telling energy …

May 15, 2018 - 6:54 am
We Can Ramp Production Back Up to Pre-Cut Levels in 60 Days: Rosneft

We Can Ramp Production Back Up to Pre-Cut Levels in 60 Days: Rosneft

Russian giant Rosneft Oil Company (ticker: ROSN) reported a Q1 2018 net income of USD$1.5 billion (RUB$81 billion) with a spending budget of $3.9 billion (RUB$223 billion).

More multistage fracs, horizontal wells

The company produced 5.71 MMBOE in Q1 2018. …

May 14, 2018 - 5:57 pm
Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter.

CEO Frank D. …

May 14, 2018 - 3:25 pm