Sundance energy will look to acquire more U.S. shale assets
Sundance Energy Australia Ltd. (SEA), an explorer that entered the Eagle Ford shale formation of Texas this year with the purchase of Texon Petroleum Ltd., said it will look to make further U.S. oil and gas acquisitions. More »
Shale drillers squeeze costs as era of exploration ends
The pioneers of America’s shale gas and oil revolution have done their work. Now it’s time for the factory crews to take over. More »
EIA’s Reports This Week on Shale, Gales, and Tipping the Scales
Alrightee, there have been a number of key reports from the EIA this week which have prompted me to present some pertinent points, and pose some ponderations. So below is the skinny from three reports on shale, gales (well, hurricanes), and tipping scales (…of market balance). Shale Oil and Shale Gas Resources First up is [...] More »
Washington summit to focus on the US oil boom’s global implications
The United States’ advantage in unearthing oil and gas from dense rock formations — and the prospect for exporting some of that bounty — will be the focus of discussion during a summit Wednesday in the shadow of the Capitol building. More »
Hi-Crush Partners completes $125 million deal
Hi-Crush Partners Tuesday announced that it has completed the acquisition of a Pennsylvania sand company, extending its geographic reach. More »
Petronas to spend $16 billion on Canadian facility
Malaysian national oil company Petronas says it expects to spend up to $16 billion to build a liquefied natural gas export facility in western Canada. More »
Shale boom curbs OPEC’s grip as Saleri sees $120 oil cap
Technological advances to harness shale resources will curb OPEC’s influence in the oil market and cap crude prices at $120 a barrel, said Nansen Saleri, former head of reservoir management at Saudi Arabian Oil Co. More »
Haynesville Shale alive and well for some
The Haynesville Shale is alive and well — at least for some property owners off Red Bluff Road near Stonewall. More »
Russia tops US in shale oil resources, EIA says
The majority of the world’s shale oil and gas resources are concentrated in only a handlful of countries, and the United States is near the top in both categories, a new study shows. More »
Reliance sees payoff in U.S. gas as India output slumps
Reliance Industries Ltd. (RIL), owned by Mukesh Ambani the world’s richest energy billionaire, spent the last three years wagering $5.7 billion on North American shale oil and gas. That may now be paying off as earnings from U.S. output eclipses those in India for the first time. More »
Auction shows strong interest in Neb. oil drilling
Companies remain interested in acquiring the right to drill for oil in Nebraska even though production in the state remains stable. More »
OPEC to study U.S. shale boom
OPEC has formed a committee to examine the impact of U.S. shale oil, an admission that the burgeoning supply is worrying some of its members. More »
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