Category: Shale

American Energy snaps up more West Texas oil land for $440M

The deal, expected to close next month, would double Aubrey McClendon’s stake in West Texas.  More »

Phillips 66 Partners teams up to move Bakken crude

The joint ventures will support the construction of a pipeline and rail terminal aimed at providing long-term and cheaper options to transport crude from a region that produces 1.2 million barrels per day of oil.  More »

Ineos to invest $1B in UK shale gas exploration

The company is applying for more licenses to expand its operations in Scotland and in northern England.  More »

Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]  More »

Water outreach should be a priority for drillers, report says

Oil companies don’t have the best reputations in the communities where they drill, and can be seen as threats to local water supplies.  More »

Halliburton to buy Baker Hughes for $34.6 billion

Halliburton will buy Baker Hughes for $34.6 billion in a cash and stock transaction that marks one of the biggest oil-field services combinations ever.  More »

Threats to global oil supply still exist, IEA says

The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.  More »

Enron castaway shrugs off low price to become ‘Apple of Oil’

Investors spooked by the heavy debt carried by most U.S. producers are flocking to companies that generate so-called free cash flow.  More »

Denton voters pass fracking ban

The vote made Denton, which sits atop a large natural gas reserve, the first city in Texas to pass such a ban. It sets up a legal showdown between the city and industry groups that have warned the ban could be followed by lawsuits and a severe hit to Denton’s economy.  More »

Halliburton CEO expects shale to reverse oil price slump

Halliburton CEO Dave Lesar is joining the chorus of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year.  More »

Fracking ban divides Denton

As Election Day nears in this small city 30 miles north of Dallas, a wary unease has settled over the early voting on a local referendum of national significance. If passed, the proposition would be the first to completely ban the petroleum extraction technique known as hydraulic fracturing in one small corner of the great oil and gas boom state of Texas.  More »

Shale boom redraws oil routes as Alaska ships to Korea

South Korea received this month a shipment of Alaskan oil for the first time in at least eight years and may buy more.  More »

U.S. crude output rises to highest since 1980s on shale boom

U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence.  More »

OPEC head tells oil market to stop panicking about prices

Crude collapsed into a bear market this month as Saudi Arabia and other producers deepened price discounts for their oil.  More »

Anadarko profits jump on U.S. oil production

Anadarko Petroleum Corp.’s net income surged fivefold in the third quarter.  More »
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