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Chesapeake Energy sells Utica Shale stake to Encino Acquisition Partners
Chesapeake Energy Corp. has entered into an agreement to sell its interests in the Utica Shale operating area located in Ohio, US, for approximately US$2 billion to Encino Acquisition Partners, a private oil and gas
Halliburton acquires Athlon Solutions
Halliburton Company has announced the acquisition of Athlon Solutions, LLC, a leading provider of specialty water and process treatment chemicals, customised engineering solutions, and services. Athlon will become part
PRCI: VCIs reduce corrosion
Pipeline Research Council International (PRCI) recently completed a research study for mitigating soil-side corrosion on the bottom plates of aboveground petroleum storage tanks.Corrosion management is a major......
Technical Toolboxes Launches New Horizontal Directional Drilling PowerTool
Technical Toolboxes, the leading global provider of integrated and cloud-based pipeline software, consulting and industry training for pipeline engineering and technical professionals, has launched its new Horizontal...
CEO of US oil and gas play Carrizo flags an unusual problem for drillers: Water
The Permian Basin, the largest shale oil-producing region in the United States, is on a path to become one of the world's largest oilfields, an unusual problem is bubbling up: a surplus of water.
Keyera acquires U.S. liquids terminal business
Keyera Energy Inc., a wholly owned subsidiary of Keyera Corp., has entered into an agreement to acquire a logistics and liquids blending terminal located near Tulsa, Oklahoma. The announcement comes less than ten days
Husky finds oil offshore Canada, China
Husky Energy has made two oil discoveries, one offshore Newfoundland and the other in the South China Sea.The White Rose A-24 exploratory well, drilled 10 km (6.2 mi) north of the SeaRose FPSO, encountered more than 85
Enbridge to sell US midstream business for $1.12 billion
Enbridge (US) Inc., has agreed to sell Midcoast Operating LP and its subsidiaries to AL Midcoast Holdings LLC, an affiliate of ArcLight Capital Partners LLC, for $1.12 billion in cash. The Midcoast businesses conduct...
Tervita to go public in merger with Newalta; major oilfield environmental service firm created
Two prominent environmental service firms supporting Canada's oil and gas industry have announced their agreement to merge.Publicly traded Newalta Corporation and privately held Tervita will join together to be publicly
Tapping the lithium rush, Canadian miner stakes claims in Utah
A small Canadian mining company has staked claim to mineral rights on over a hundred thousand acres of federal land in Utah since last year, hoping to tap lithium deposits from spent oil wells to feed America’s high-tech
Chesapeake Energy Completes 417 Wells in 2017
Chesapeake Energy Corporation (ticker: CHK) produced approximately 593,200 BOEPD in Q4 2017. Chesapeake's average daily production for the 2017 full year was approximately 547,800 BOE, compared to approximately 635,400
Apache Aims To Boost Produced Water Reuse in Permian
Produced water reuse can be a valuable strategy for operators because lowering their water footprint helps promote sustainability. With oil production rising in the Permian, companies are producing more water.......
Korean firm reactivates Alberta oilsands project, plans to triple workforce
A subsidiary of Korea National Oil Corp. is tripling its staff count and adding experienced executives as it reactivates its BlackGold oilsands project in northern Alberta. Harvest Operations Corp. says it has hired....
Blackbird Energy’s Middle Montney Well Produces High Level of Condensates
Blackbird Energy released test results from its 2-20-70-6W6 Middle Montney delineation well, which is located on the company’s eastern multi-interval delineation block. The well is more than five kilometers east of.....
Chesapeake Energy Bids Adieu To Miss Lime
Chesapeake Energy (CHK) announced last week its exit from the Mississippian Lime, the play that the company helped to pioneer several years ago. We interpret the $0.5 billion price received for the properties as a
Anadarko Petroleum says it will up investment in Colorado’s Denver-Julesburg Basin in 2018
Anadarko Petroleum, the state’s largest oil and gas producer, plans to spend $950 million next year developing oil and gas wells in the Denver-Julesburg Basin, an increase over the $840 million it budgeted this year...
Canadian Natural proposes bitumen-only expansion at its Horizon oilsands mine
Canadian Natural Resources Canadian Natural Resources Ltd. is considering adding a 30,000- to 40,000-barrel-per-day bitumen-only project to its Horizon oilsands mine to take advantage of excess ore production......
China Energy to invest US$83 billion in West Virginia shale gas and chemical manufacturing projects
The West Virginia Department of Commerce has announced China Energy Investment Corporation Limited’s plan to invest US$83.7 billion in shale gas development and chemical manufacturing projects in West Virginia.....
Conoco sets annual spending at $5.5 billion through 2020
ConocoPhillips will spend $5.5 billion annually in the oil patch through the end of the decade if U.S. crude prices stay above $50 a barrel, it said Wednesday. The Houston oil producer's three-year operating plan called
Parsley Energy Adds 1.2 Million Lateral Feet to Drilling Inventory Without Spending a Dime
200 net locations added, 300 locations extended Parsley Energy (ticker: PE) announced third quarter results today, showing a net loss of $13.3 million, or ($0.05) per share. After excluding special charges, Parsley....