Shale news

The latest published well production data from the Ohio Department of Natural Resources (ODNR) suggests that shale gas production in Ohio contracted by 180 million ft3/d in 4Q 2016, with only 58 new wells turned in line.

The EIA’s Annual Energy Outlook 2017 Reference case projects that US tight oil production will increase to more than 6 million bpd in the coming decade, making up most of total US oil production.

The company has won a bankruptcy auction to acquire the acres, including drilling rights on 44 100 net acres in the Utica and current natural gas production of approximately 80 million ft3 per day, from Stone Energy Corp.

TGS has begun field operations on the West Kermit 3D seismic survey in the Delaware Basin. This project will encompass a minimum of 150 square miles in Loving and Winkler Counties, TX.

Hawkwood Energy, has announced that it has reached a definitive agreement for its wholly-owned subsidiary Hawkwood Energy East Texas, LLC to acquire producing and non-producing assets from subsidiaries of Halcon Resources for US$500 million.

Anadarko Petroleum Corporation has announced that it has agreed to sell its Eagleford Shale assets in South Texas for US$2.3 billion to Sanchez Energy Corporation and Blackstone Group LP.

A definitive agreement with a subsidiary of Venado Oil and Gas, LLC , an affiliate of KKR, covers the sale of SM Energy's third party operated assets in the Eagle Ford, including ownership interest in related midstream assets, for US$800 million.

US crude oil proved reserves declined by 4.7 billion bbls and natural gas proved reserves declined by 64.5 trillion cubic feet.