Shale news
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.
Beetaloo shale project halted
Origin Energy has temporarily paused shale exploration drilling activities at its Kyalla well site in Australia's Northern Territory in response to the Covid-19 pandemic.
Rystad Energy predicts over 1 million OFS jobs will be cut in 2020
The largest job reductions in 2020 are expected to be within shale, according to Rystad.
BJ Services and Aethon Energy agree contract for natural gas fuelled fracturing fleet
The contract will see BJ Services' TITAN fracturing fleet deployed in the Haynesville shale.
Russia-Saudi Arabia price war could slash US$250 billion off E&P budgets, predict Rystad Energy
The price war will heavily impact service company revenues, even driving some out of the market, according to Rystad Energy.
EIA: US natural gas production increased by 10% in 2019
US natural gas production grew by 9.8 billion ft3/d in 2019, a 10% increase from 2018, according to the US Energy Information Administration.
US drilled but uncompleted wells first to feel oil price shock, says Rystad Energy
A Rystad Energy impact analysis shows that US drilled but uncompleted wells will be the first assets to be threatened by the newly formed low price environment, as their breakeven costs are now only dollars away from market prices.
Kalnin Ventures expands presence in Barnett Shale
The company has acquired over 320 000 gross acres and 4200 producing wells from Devon Energy.
Tendeka’s new surface modification treatment increases oil recovery in unconventional shale plays
To overcome the challenge of low recovery factors in shale reservoirs, independent global completions service company Tendeka, has launched ShaleModifier.
GlobalData: Haynesville shale expected to play crucial role in meeting future natural gas demand
The company’s latest report, ‘Haynesville Shale in the US, 2019’, reveals that the increasing natural gas production from the Haynesville Shale play will propel it as the main supplier to LNG operations along the US Gulf Coast (USGC).