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Shale news

 
 
 

Shell sells Appalachia shale gas assets to National Fuel

The transaction includes the transfer of approximately 450 000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities.

 
 
 
 
 

Whiting Petroleum files for bankruptcy

The company has more than US$585 million of cash on its balance sheet and will continue to operate its business in the normal course without material disruption to its vendors, partners or employees.

 

BP announces cuts to spending

BP has cut its 2020 spending plans by 25% and will reduce output from its US shale oil and gas business.