Fracing

Source: Reuters

Shale-well frackers grind to a halt as oil prices collapse

Reuters


DENVER  – Once the fastest growing – and most controversial – oilfield services in the U.S. shale boom, fracking is getting hammered as oil prices near a two-decade low and producers stop completing new wells.

Fracking companies, which pump …

Exclusive 360 Energy Expert Network Video Interview: Rare Petro – the Enabler of remote operations in the oil patch

Exclusive 360 Energy Expert Network Video Interview: Rare Petro – the Enabler of remote operations in the oil patch

Rare Petro is the "Enabler" for remote employee work, data and leveraging the modern business systems. Some parts of the  oil field has not always accepted, or adapted, technology until now.

 

Anthony McDaniels, CEO, Rare Petro, started his company

The 360 Digital Closing Bell Week Ahead – 3/30/2020

The 360 Digital Closing Bell Week Ahead – 3/30/2020

The 360 Digital Bell Week Ahead Report. Michael Tanner, the Host of the closing bell, covers what to look for during this week; the good the bad and the homely.

Some of the key takeaways this week:

 

The oil

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

DESMOG


Oil & Gas 360 Publishers Note: Justin Mikulka has written an outstanding opinion piece of current issues surrounding the oil companies dire straights. The key takeaway:” “What happens?” Sheffield said. “As you know there’s about 74 public independents, there’s

Calfrac announces reductions to its 2020 capital program and reduced operating footprint

Calfrac announces reductions to its 2020 capital program and reduced operating footprint

CALGARYMarch 27, 2020 /CNW/ – Calfrac Well Services Ltd. (“Calfrac” or the “Company”) (TSX-CFW) is announcing reductions to its 2020 capital program and North American operating footprint as a result of the rapid and unforeseen deterioration in business …

Source: Houston Chronicle

Record 5.0-magnitude earthquake hits near Permian Basin town

Houston Chronicle


A record-setting 5.0-magnitude earthquake hit near the Permian Basin town of Orla, Texas, on Thursday morning.

U.S. Geological Survey officials say the quake occurred at 10:16 a.m. about 16 miles southwest of Orla in a rural area off …

Source: Houston Chronicle

FTS International furloughs hydraulic fracturing crews, cuts executive pay

Houston Chronicle


Fort Worth oilfield service company FTS International had a full calendar for its hydraulic fracturing crews two weeks ago but is now furloughing employees as crude oil prices continue to fall and exploration and production companies continue to …

March 24, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Fracing, Jobs
Diamondback Energy cuts budget again as oil prices continue to sink

Diamondback Energy cuts budget again as oil prices continue to sink

Houston Chronicle


Midland exploration and production company Diamondback Energy is cutting its 2020 drilling budget for a second time this month as crude oil continue to fall to nearly 20-year lows.

In a statement issued late last week, Diamondback has …

Is Depression-Era Production Regulation What OPEC Really Wants To See?

Is Depression-Era Production Regulation What OPEC Really Wants To See?

Journal of Petroleum Technology


Oil & Gas Publishers Note: Excellent piece by Steve Rassenfoss. Our host, Michael Tanner, on the 360 Digital Closing Bell reported on the Texas Railroad Commission has been invited to the next OPEC meeting. This is

Source: Houston Chronicle

Oil War: Some Permian Basin operators already scaling back operations

Houston Chronicle


Two oil companies focused on the Permian Basin of West Texas are already planning to scale back their operations amid an oil war between Russia and Saudi Arabia that has caused commodity prices to crash.

In a pair …

Source: Houston Chronicle

Sanders fracking ban doesn’t scare Democrats in Colorado

Houston Chronicle


Bernie Sanders’s vow to ban fracking if he’s elected president isn’t scaring off Democrats living atop Colorado’s biggest oil field.

The Vermont senator took 38% of the vote in Weld County, the epicenter of Colorado’s booming oil production, …

March 5, 2020 - 10:00 am Fracing, People
U.S. crude oil production grew 11% in 2019, surpassing 12 million barrels per day

U.S. crude oil production grew 11% in 2019, surpassing 12 million barrels per day

EIA


Annual U.S. crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d, or 11%, more than 2018 levels. The 2019 growth rate was down from a 17% growth rate in …

S. Korea’s thirst for U.S. crude to keep growing in 2020

S. Korea’s thirst for U.S. crude to keep growing in 2020

Reuters


Oil & Gas 360 Publishers Note: “Light sweet crude contains more naphtha, used in petrochemicals, and also has a lower sulphur content, making it suitable for very low sulphur fuel oil, which has been mandated for shipping since the

Source: Houston Chronicle

Studies: Water reuse key to the future of shale

Houston Chronicle


Reusing oil field wastewater for hydraulic fracturing operations will be critical to maintaining productivity in U.S. shale plays, a pair of studies reveals.

In a pair of studies releases earlier this month, scientists with the University of Texas …

February 21, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Fracing, Water
Sen. Bernie Sanders, seen in May 2019, has one of the most ambitious climate change plans among 2020 Democratic presidential contenders, but his opponents say it’s unrealistic. Alex Wong/Getty Images

5 things to know about Bernie Sanders’s aggressive climate strategy

Vox 


Sen. Bernie Sanders is now the frontrunner for the Democratic nomination in the 2020 presidential election, according to recent nationwide polls.

Since climate change is likely to come up at Wednesday night’s debate in Nevada (where he also

Global Fracking Water Treatment Market 2020-2024 | Evolving Opportunities with Aquatech International LLC and DuPont de Nemours Inc. | Technavio

The fracking water treatment market is poised to grow by USD 1.67 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period.

February 20, 2020 - 7:00 pm Fracing, Press Releases
Falcon Oil & Gas Ltd. – Successful Drilling of Kyalla 117 N2-1H ST2 Horizontal Well

Falcon Oil & Gas Ltd. – Successful Drilling of Kyalla 117 N2-1H ST2 Horizontal Well

20 February 2020 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations, including casing and cementing, on the Kyalla 117 N2-1H ST2 well have been successfully completed.

Source: Houston Chronicle

BJ Services develops natural gas-fired turbine for frac crews

Houston Chronicle


Tomball oilfield service company BJ Services has developed a new turbine that can use natural gas from a drilling site to provide power to hydraulic fracturing crews.

BJ Services said Tuesday that its natural gas-fired Titan turbine is …

Rystad Energy: potential US fraccing ban would have little immediate impact on nationwide oil and gas production

Rystad Energy: potential US fraccing ban would have little immediate impact on nationwide oil and gas production


From a valuation perspective, a fraccing ban would theoretically affect the full acreage potential and hence negatively impact the total portfolio value for some E&Ps. Rystad Energy research indicates that as much as US$36.5 billion in upstream asset
GREG NASH

Sanders introduces bill to ban fracking

The Hill



Sen. Bernie Sanders (I-Vt.) this week introduced a bill that aims to ban hydraulic fracking.

The bill was introduced on Tuesday and is titled “a bill to ban the practice of hydraulic fracturing, and for other purposes,” according …

Source: Houston Chronicle

Houston area company lands two-year ‘electric fracking’ deal

Houston Chronicle


A company headquartered in The Woodlands has landed a two-year contract to provide electric fracking services that will replace diesel-powered generators with natural gas produced on site.

In a Monday morning statement, Evolution Well Services announced the a …

Evolution Well Services Announces 24-Month Agreement for 100% Electric Fracturing Fleet

Evolution Well Services Announces 24-Month Agreement for 100% Electric Fracturing Fleet

Evolution Well Services Announces 24-Month Agreement for 100% Electric Fracturing Fleet

January 20, 2020 - 8:15 am Crude Oil News, Fracing, Press Releases
Source: Houston Chronicle

Gasoline price fears stoked by Iran may still roil election

Houston Chronicle


Donald Trump’s decision to authorize the killing of an Iranian general and reignite Middle East tensions briefly roiled energy markets and underscored a U.S. political reality: Higher gasoline prices can tip elections.

The president, who is counting on …

January 10, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, Fracing
Torchlight Provides Update on Fracture Stimulation Results on the A35 #1H Well

Torchlight Provides Update on Fracture Stimulation Results on the A35 #1H Well

Torchlight Provides Update on Fracture Stimulation Results on the A35 #1H Well

January 8, 2020 - 8:00 am Fracing, Press Releases
1. Andrés Manuel López Obrador, who took over as Mexico’s president late in 2018, immediately made moves to roll back energy reforms instituted under the previous administration of Enrique Peña-Nieto. Among his actions was to give more influence to state-owned companies in the country’s energy strategy. Source: Office of the President / Government of Mexico

Obrador Administration rolling back energy reform in Mexico –

Power


Oil and Gas 360 Publisher’s note: Mexico’s importing of U.S. natural gas is going to grow exponentially as the pipelines from the United States come on line in the near future. The bottom line: The current administration wants to …

Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs – This is a sign of tough times for Oil Field Service companies.

Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs – This is a sign of tough times for Oil Field Service companies.

Freightwaves


Flatbed truckload operators have been unprofitable for most of 2019

Oil & Gas 360 Publishers Note: We have been watching the Oil Field Service (OFS) take serious losses due to the investor demand for short-term returns. Investors are …

Drilling and natural fracking wells in the Haynesville shale in East Texas lead by Exxon Mobil’s shale arm XTO Energy

Drilling Down: Top Texas drillers of 2019

Chron


A huge push in West Texas has allowed oil major Exxon Mobil to unseat Houston exploration and production company EOG Resources as the top driller in Texas.

Exxon Mobil’s shale arm XTO Energy filed for 659 drilling permits with …

Can scientists forecast human-induced earthquakes?

Can scientists forecast human-induced earthquakes?

temblor


– Aiming to make energy production safer, scientists developed a new model for forecasting earthquakes caused by oil and gas operations in the central U.S.

“The goal of this study is really to make energy production safer,” Shirzaei says.

December 25, 2019 - 10:44 am Closing Bell Story‎, Fracing, Oil and Gas 360 Articles
Source: Houston Chronicle

Harold Hamm invites Elizabeth Warren on tour of shale heartland

Houston Chronicle


Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected.

In a letter dated Dec. 18, Hamm said he wanted Warren to tour …

December 20, 2019 - 9:30 am Closing Bell Story‎, Energy News, Fracing, People
Torchlight provides Orogrande Basin project operational update

Torchlight provides Orogrande Basin project operational update

Torchlight Provides Orogrande Basin Project Operational Update

December 20, 2019 - 8:00 am Exploration and Production (E&P), Fracing, Press Releases