UOGM Top Story archive

22 November 2016, Week 46, Issue 333

A portion of the Wolfcamp shale formation in Texas has been estimated in a new study by the US Geological Survey (USGS) to contain 20 billion barrels of undiscovered, technically recoverable oil....

15 November 2016, Week 45, Issue 332

Monterey County, California residents last week voted to ban hydraulic fracturing in the county, which ranks fourth in the state in terms of oil production capacity. Measure Z, which bans fracking...

08 November 2016, Week 44, Issue 331

Interest in drilling in the Bakken shale play is on the rise once again, including among Marathon Oil, Continental Resources and Hess, as oil prices rise and shale producers return to work. 

01 November 2016, Week 43, Issue 330

EQT has struck related deals to purchase 59,600 acres (241 square km) of natural gas assets in the Marcellus shale from Trans Energy and Republic Energy, as well as an unnamed third party, for a...

25 October 2016, Week 42, Issue 329

Chesapeake Energy has claimed a hydraulic fracturing record by pumping over 25,000 tons (22.7 million kg) of sand into a natural gas well in Louisiana, in an event the company described as “...

18 October 2016, Week 41, Issue 328

Poland’s state-owned oil companies have apparently given up on ambitions to produce shale gas in the country following a string of failures over the last five years. “The discussion and projects...

11 October 2016, Week 40, Issue 327

Encana is increasing its 2017 capital spending by up to 64% as it seeks to raise production in the Permian Basin, North America’s most prolific oil region. Encana’s CEO, Doug Suttles, said on...

04 October 2016, Week 39, Issue 326

China’s shale gas output could rise significantly in the next 14 years as Beijing tries to spur development, according to new government projections.

27 September 2016, Week 38, Issue 325

Shale gas production at PetroChina’s Changning-Weiyuan block in China’s Sichuan Province has already passed the company’s 2016 target of 1.5 bcm. PetroChina has said it is now aiming for 2.1 bcm...

20 September 2016, Week 37, Issue 324

Ireland-based Falcon Oil & Gas has seen “excellent gas shows” at what it has described as two prospective shale sweet spots in the Beetaloo Basin in Australia’s Northern Territory.

13 September 2016, Week 36, Issue 323

France’s Total is buying out its joint venture partner Chesapeake Energy’s 75% stake in Barnett shale assets in North Texas that the two companies shared. Total owned the balance and had a pre-...

06 September 2016, Week 35, Issue 322

Gazprom Neft has become the first Russian company to apply shale oil drilling technologies, by drilling a 1,000-metre horizontal well in the Bazhenov formation in West Siberia. The oil production...

30 August 2016, Week 34, Issue 321

A push to put two measures restricting hydraulic fracturing in Colorado on the November electoral ballot has failed after opponents of shale development did not gather enough valid signatures.

23 August 2016, Week 33, Issue 320

US producers have brought 76 new oil rigs on line in the past eight weeks, with the majority of new additions coming in shale plays. According to Bloomberg, this is the biggest and longest streak...

16 August 2016, Week 32, Issue 319

Concho Resources announced this week that it had struck a deal to buy assets in the Permian’s Midland Basin region from Reliance Energy for US$1.625 billion.

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