Shale Oil

Big Oil is racing to pump all the oil out of Texas

The gold rush is on in Texas, and Big Oil is scrambling for a piece of the action.<p>The oil industry is shelling out billions of dollars in a series of acquisitions in the Permian Basin, the hottest oilfield in the world.<p>The latest deal came on Tuesday when Diamondback Energy (FANG) agreed to …

Oil & Gas Industry

Diamondback Energy shares drop on $9.2 billion deal for shale rival

HOUSTON (Reuters) - Diamondback Energy Inc (FANG.O) shares fell 10 percent early on Wednesday following the U.S. oil and gas producer’s all-stock, $9.2 billion deal for shale rival Energen Corp (EGN.N).<p>On Tuesday, Diamondback agreed to pay about $84.95 per share for Energen, a 16 percent premium to …

Oil

Shale Boom Zaps Volatility in US Natural Gas Market

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Natural Gas

The intensification of the water footprint of hydraulic fracturing

U.S. Energy Information Administration, <i>Annual Energy Outlook</i> (U.S. Energy Information Administration, 2017); …

Oil & Gas Industry

BP bets big on shale for its US comeback | Financial Times

BP’s blockbuster $10.5bn deal for a portfolio of shale oil assets from BHP Billiton was not only its biggest acquisition in almost 20 years, it …

Oil

This Shale Stock Could Be Next Takeover After Massive Permian Deal

<b>Diamondback Energy</b>'s (FANG) $9.2 billion acquisition Tuesday of <b>Energen</b> (EGN) and <b>Concho Resources</b>' (CXO) March buyout of RSP Permian could be the …

Oil & Gas Industry

Deal Frenzy Swells With Diamondback's $8.4 Billion Shale Buyout

Diamondback Energy Inc.’s agreement to buy Energen Corp. in an $8.4 billion all-stock deal makes it official: The long-awaited Permian Basin buying …

Oil & Gas Industry

Diamondback to buy Energen in $9.2 billion deal to boost Permian presence

(Reuters) - U.S. oil and gas producer Diamondback Energy Inc on Tuesday agreed to buy shale rival Energen Corp in an all-stock deal valued at $9.2 billion, giving it an expanded footprint in the country’s largest and fastest growing oil field.<p>Energen had been under pressure from activist investor …

Oil & Gas Industry

Transforming gas into fuels with better alloys

Technological advances in oil and gas well stimulation over the past decade now allow for the production of natural gas from shale gas trapped in …

Natural Gas

Shale boom zaps volatility in US natural gas market | Financial Times

When US natural gas futures passed a milestone this month, they did so quietly: volatility fell to the lowest levels since the market’s debut nearly …

Natural Gas

A steady increase in the water footprint at US fracking sites

The intensification of the water footprint of hydraulic fracturing<p>Water use for hydraulic fracturing (commonly referred to as "fracking") in the U.S. …

Oil & Gas Industry

Diamondback Energy to buy Energen in $9.2bn deal | Financial Times

The consolidation of the US shale oil industry is continuing with an agreed $9.2bn deal to combine Diamondback Energy and Energen, two of the largest …

Oil & Gas Industry

Is Deepwater Drilling More Profitable Than Shale?

Just as the U.S. shale patch is starting to look a little crowded, deepwater drilling could see a comeback.<p>Royal Dutch Shell says that offshore …

Oil & Gas Industry

Amelia Resources sells 40,000 acres in Louisiana Austin Chalk, LAMS stack plays

An unnamed new player has bought up acreage in Louisiana’s portion of the Austin Chalk formation, as speculation about an onshore drilling resurgence …

Oil

China Hits US Oil Products, But Backs Off Crude

China announced Wednesday retaliatory tariffs on an additional $16 billion worth of US imports, including oil products, LPG and coal in a new list of …

China

The Energy Report 08/13/18

<b>Turkey, Iran and Shale</b><p>Oil prices are trying to balance the risks to oil supply versus the risks to demand. The risk to the demand side of the …

Oil

Rising Costs Are Cutting Into Shale Company Profits—Energy Journal

A daily digest of The Wall Street Journal’s coverage of energy companies, commodity markets and the forces that shape them. Send us tips, suggestions and complaints: EnergyJournal@wsj.com FRACKERS BURN CASH TO SUSTAIN U.S. OIL BOOM American oil companies are bleeding cash due to rising costs even …

Oil & Gas Industry

Gold Company Makes Huge Blunder By Investing In U.S. Shale Assets

Something took place in the gold industry that I thought would never happen. In a stunning press release, Franco-Nevada (NYSE:FNV) announced that it …

Investing

Colin McNickle: A shale gas severance tax? Think again (again)

Impact fee revenue from fracked natural gas wells in Pennsylvania jumped 21 percent in 2017 from 2016, reversing three years of declines, according …

Natural Gas

Shell hails bounceback towards deepwater drilling | Financial Times

Royal Dutch Shell is doubling down on drilling for oil far beneath the oceans, as the energy group eyes a cash bonanza from traditional deepwater …

Oil & Gas Industry

U.S. rig count up 13, Texas down two

Image 1of/1<p>Caption<p>Close<p>The U.S. rig count grew by 13 in the last week, driven by gains in West Texas' Permian Basin and Louisiana.<p>The rig count was …

Oil & Gas Industry

Lancashire residents 'used for fracking experiment'

<b>A government minister has been accused of using a fracking site in Lancashire to "experiment" on residents nearby.</b><p>Two doctors have used an open letter to question Energy Minister Claire Perry's ethics and ask whether local people were being "used as guinea pigs".<p>They also accused the government of …

Fracking

Apache Corp. to form new energy transit, storage and marketing company

U.S. energy company Apache Corp. said it was forming a strategic partnership to form a $3.5 billion pipeline company meant to cater to Texas shale …

Oil & Gas Industry

Why financial scandals keep recurring in India

The answer is fairly obvious. The risk-reward ratio for crooks is tilted in favour of reward. Gains from white collar crime far exceed any pain of pun

Business (India)

Anti-frackers demand energy research centre won't investigate shale gas

Anti-frackers demand a proposed energy research centre near Chester concentrates on renewables but avoids investigations perceived as supporting the …

Oil & Gas Industry

Hubbert Curve Is Not A Good Fit For Shale Production

I recently wrote an article dealing with global conventional reserves and production outlook, given the fact that we have seemingly reached the …

Oil & Gas Industry

Cost of climate change to world's poor bigger than previously thought

Cost of climate change to world’s poor bigger than previously thought<p>Climate and energy news.<p><b>Fossil-fuel lobbyists, bolstered by GOP wins, workto</b> …

Fossil Fuels

Lorraine Allanson: Fracking in Yorkshire can spark a rural revival and help to combat fuel poverty. Here’s how

A QUARTER of a million people died from the cold in the UK between 2006 and 2016, fuel poverty being a major contributor to that shocking …

Fracking

UPDATE 1-U.S. drillers add most oil rigs since May -Baker Hughes

© Reuters. UPDATE 1-U.S. drillers add most oil rigs since May -Baker Hughes<p>NEW YORK, Aug 10 (Reuters) - U.S. energy companies this week added the …

Oil

Buoyed by new policy, Essar to invest Rs 70 bn to explore shale in Ranigunj

EOGEPL said it would need to invest close to Rs 700 bn for developing the shale gas potential in the block

Natural Gas