US Shale DUC Count Continues to Plunge

All major U.S. oil- and gas-producing regions, including the Permian Basin, saw declines.

CNPC Plans New Shale Oil Field near Northeast China's Daqing

CNPC said it aims to produce 1 million tonnes of oil annually by 2025 from the Gulong shale oil formations at Daqing in northeast China's Heilongjiang province.

US Shale Players Talk Growing Efficiency, Inflation

Synergies from acquisitions and mergers are expected to pay off for some U.S. shale producers while concerns over inflation grows.

Oilfield Service Experts See Continued Innovation Ahead in US Shale

Experts in emissions detection, water management and sand logistics share insight about the next potential leading-edge technology in U.S. shale.

OFS Sector Outlook: US Shale Spending, Rig Counts Rise

As public E&Ps stay disciplined and privates take an ‘aggressive approach’ across the U.S. shale patch, analysts see continued efficiency gains and rising costs from oilfield service companies.

Hess to Add Rig in Bakken Basin, Beats Profit Estimates

U.S. oil producer Hess Corp. said on July 28 it planned to add a rig in North Dakota's Bakken basin in September, after topping estimates for second-quarter profit on a rebound in crude prices.

ConocoPhillips Sees More Upside with Technology Post Concho Deal

ConocoPhillips continues to find ways to improve through the use of refracs, simul-fracs and other technologies, says Jack Harper, former Concho exec now leading Conoco’s Permian Basin team.

Halliburton Profit Jumps 33% as Oilfield Activity Rebounds

Halliburton Co. on July 20 reported a 33.5% jump in second-quarter profit from the previous three months, as a rebound in crude prices from pandemic lows buoyed demand for oilfield services.

Geochemistry Workflow Provides Understanding of Drainage Networks in Unconventional Plays, Maximizes ROI

A new methodology has been designed to provide detailed drainage and production definition without operational interference. 

Lonestar Resources Provides Operations Update Following Merger Announcement

Lonestar Resources is currently on track to deliver production and financial results at the high end of its guidance for the second quarter, says Frank D. Bracken III, CEO of the Eagle Ford Shale producer set to be acquired by Penn Virginia.