UOGM Top Story archive

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...

16 October 2018, Week 41, Issue 428

US shale producer EOG Resources has cautioned that its oil and gas hedges will hurt its third-quarter results. In an October 9 filing with the US Securities and Exchange Commission (SEC), Houston-...

09 October 2018, Week 40, Issue 427

The Permian Basin’s oil takeaway capacity bottlenecks are not expected to be alleviated until the second half of 2019 – and midstream companies are rushing to provide relief as fast as possible....

02 October 2018, Week 39, Issue 426

Hi-Crush Partners has temporarily idled dry plant operations at its Whitehall facility in Wisconsin. The mine produces sand used as a proppant in hydraulic fracturing. 

25 September 2018, Week 38, Issue 425

Two pilot projects in Argentina’s Vaca Muerta shale were given the green light last week, as development of the play continues despite the country’s economic crisis.