Unconventionals Drive M&A Activity In 2012
The large amount of capital required has also transformed the M&A industry, as producers reshuffle capital and assets to get into strategic locations, and as foreign oil companies, major internationals and private equity have purchased assets, operators, or both, to get into the game.
Oklahoma Reverses 25-Year Decline In Oil Production
Since Nov. 25, 2009, rig count in the state has more than doubled to 188 units.
Matador's Oil Production Up 43% In Second Quarter
Oil production, although up 43% sequentially in the second quarter of 2012, has not grown quite as quickly as anticipated.
RCW Energy Services Acquires K-Flow Water Transfer Business
K-Flow provides water transfer services to facilitate drilling and hydraulic fracturing operations by pumping water directly to the well site.
Heckmann Water Resources Expands Operations In Eagle Ford, Marcellus, Utica
HWR is now staging vehicles to transfer and expand its presence in West Texas and Oklahoma to enter the Permian Basin and Mississippi Lime Shale areas to address the needs of its contracted customers.
PXP Sees Strong Eagle Ford Production, Greater Haynesville Production
With higher natural gas production from the Haynesville Shale than originally anticipated, PXP chose to enter into additional swap contracts for 2012.
EXCO Reduces Haynesville Presence, Increases Marcellus
NGLs production was 50 Bcfe, or 550 Mmcfe per day, for the second quarter 2012 compared with 537 Mmcfe per day in the first quarter 2012.
Swordfish Financial To Develop Haynesville, Cotton Valley Well
Swordfish Financial's interest in this well should be no less than a 20% ownership of the "working interest."
Utica Horizontal Rig Count Tops Activity In The Core Louisiana Haynesville
Both the Utica and the core Louisiana Haynesville sported 15 rigs drilling horizontally as of Friday, July 20, according to Hart’s Unconventional Activity Tracker.
US Seismic Systems Creates Seismic Array For Higher Temperature Plays
The system, valued at over $700,000, will be used by a large oilfield service company to monitor stimulations in a high temperature unconventional oil and gas field in Texas.