UOGM Top Story archive

13 February 2019, Week 06, Issue 443

Roughly 20% of the hydraulic fracturing fleets that were active in mid-2018 have been idled or are in the process of being idled, Denver-based Liberty Oilfield Services said in its earnings...

06 February 2019, Week 05, Issue 442

Matador Resources, a US independent producer focused on unconventional development, is planning to sell portions of its non-core acreage in South Texas and in Louisiana’s Haynesville play. The...

30 January 2019, Week 04, Issue 441

Tallgrass Energy and Kinder Morgan have announced plans to partner on boosting takeaway capacity in the Powder River and Denver-Julesburg (DJ) basins in the US Rockies. 

23 January 2019, Week 03, Issue 440

IGas Energy has announced that it has begun drilling a new well in North Nottinghamshire, UK, after failing to find gas at a nearby location previously. 

16 January 2019, Week 02, Issue 439

Chesapeake Energy has joined a number of shale producers in cutting their planned capital expenditure and rig count for 2019 amid lower oil prices. 

08 January 2019, Week 01, Issue 438

China’s two main shale gas regions, both located in the Sichuan Basin, reached a new combined production record of over 10 bcm in 2018 but fell short of targets set by operators Sinopec and...

18 December 2018, Week 50, Issue 437

Chinese oil and gas firm PetroChina has unveiled plans to sink more than 2,000 wells between now and 2025, in a bid to raise annual shale gas production at its Sichuan Basin operations to 22 bcm...

11 December 2018, Week 49, Issue 436

The US Geological Survey (USGS) has reported that the Permian Basin’s Delaware sub-basin contains more than twice the technically recoverable reserves of the Midland sub-basin.

04 December 2018, Week 48, Issue 435

The Permian Basin’s natural gas take-away bottleneck is taking its toll, with prices at the Waha hub in west Texas sinking last week to their lowest level in 27 years.

28 November 2018, Week 47, Issue 434

Cimarex Energy has struck a deal to acquire Resolute Energy for US$1.6 billion including debt, broadening its asset base in the Permian Basin.

20 November 2018, Week 46, Issue 433

Pioneer Natural Resources has said that it will sell off its pressure pumping assets to ProPetro Holding in a cash and stock deal worth US$400 million.

13 November 2018, Week 45, Issue 432

Colombia’s National Authority of Environmental Licences (ANLA) has shelved a permit sought by ConocoPhillips to begin hydraulic fracturing tests in the shale-rich Middle Magdalena Valley.

06 November 2018, Week 44, Issue 431

Concho Resources will increase its capital spending programme by US$1 billion for 2019 despite takeaway capacity constraints in the Permian Basin, where it became the biggest pure-play company in...

30 October 2018, Week 43, Issue 430

China’s biggest shale gas project, Fuling in the Chongqing region of the Sichuan Basin, has produced 20 bcm since entering production in late 2012 up to the start of October, operator Sinopec has...

23 October 2018, Week 42, Issue 429

JupiterMLP has said it now has sufficient funding to build the 1 million bpd Jupiter pipeline in Texas, from the Permian Basin to the Port of Brownsville. The Houston-based midstream company...