UOGM Top Story archive

20 February 2018, Week 07, Issue 394

Oilfield services firm Halliburton has said that its first-quarter earnings will be reduced by US$0.1 per share owing to delays in deliveries of hydraulic fracturing sand. The company is due to...

13 February 2018, Week 06, Issue 393

Australia’s Origin Energy has taken an A$533 million (US$419 million) write-down on a coal-bed methane (CBM) asset in Queensland.

06 February 2018, Week 05, Issue 392

Shale producer Chesapeake Energy is cutting 400 jobs – or about 13% of its workforce – in its latest effort to reduce costs. Chesapeake said in an email to employees on January 30 that most of the...

30 January 2018, Week 04, Issue 391

Marcellus-focused Antero Resources has come under pressure from an activist shareholder, SailingStone Capital Partners, to take action to improve its share price. The operator, in a statement on...

23 January 2018, Week 03, Issue 390

National oil company (NOC) PetroChina has forecast that its shale gas production in China’s Sichuan Province will top 5 bcm this year, which would mark a 70% increase over output in 2017.

16 January 2018, Week 02, 2018

SM Energy is selling about 80% of its Powder River Basin acreage for US$500 million, sacrificing potential Niobrara shale gains there in a push to cut debt and strengthen its focus on its existing...

09 January 2018, Week 01, Issue 388

Ultra Petroleum has struck an agreement to exit its Marcellus shale position. 

20 December 2017 Week 50 Issue 387

The Indian government plans to permit private companies to exploit shale reserves in their oil and gas blocks by amending the definition of petroleum in the statutes to include the unconventional...

12 December 2017, Week 49, Issue 386

Bill Barrett has announced that it will merge with Fifth Creek Energy for strategic reasons in a deal valued at US$649 million and with an emphasis on potential for extended reach laterals (XRLs)...

05 December 2017, Week 48, Issue 385

Coal-bed methane (CBM) production in Australia is set to grow by up to 6 bcm per year thanks to a supply agreement that will see Arrow Energy tap most of the 5 tcf (142 bcm) in reserves it holds...

28 November 2017, Week 47, Issue 384

South African-based energy and chemicals giant Sasol is scrapping all of its greenfield gas-to-liquids (GTL) projects, including one in the US, as well as planning to sell off its Canadian shale...

21 November 2017, Week 46, Issue 383

Devon Energy announced last week that it had brought online a Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) well in Oklahoma with a high peak rate. The Faith Marie 1-H...

14 November 2017, Week 45, Issue 382

Dynamics in the Permian Basin are changing as drillers turn their attention from acquisitions to drilling, with some concerns arising over the productivity of new wells, writes Ros Davidson

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14 November 2017, Week 45, Issue 382

ExxonMobil, despite being a relative latecomer to the shale industry, is pushing the boundaries of what is possible for lateral lengths in horizontal wells.

07 November 2017, Week 44, Issue 381

Chesapeake Energy has said that its techniques for enhanced completions in the Utica shale play have yielded a roughly 25% improvement in its 120-day cumulative production in the third quarter of...

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