(APA, 6.Nov.2024) — APA Corporation announced its financial and operational results for the third quarter of 2024. Key Takeaways APA reported a loss attributable to [more…]
Tag: Shale
Chevron Reveals $6.5bn Sale of Interests in Canada to CNRL
(Energy Analytics Institute, 7.Oct.2024) — Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, and a related entity entered into a definitive agreement to sell [more…]
“Shale en Argentina”: Pluspetrol’s Julián Escuder
(Energy Analytics Institute, 12.Sep.2024) — Pluspetrol Country Manager Julián Escuder spoke on 12 Sep. 2024 at the ‘Shale en Argentina’ event in Houston, Texas during [more…]
APA Reveals over $700mn in Asset Sales from Two Transactions
(APA Corp., 20.May.2024) — APA Corporation (Nasdaq: APA) announced the sale of non-core producing properties by Apache Corporation and certain of its subsidiaries in two [more…]
YPF Reveals 1Q:24 Results
(YPF, 10.May.2024) — YPF SA said it achieved a new quarterly record high in operational efficiencies, delivering positive evolution in shale oil production. YPF also [more…]
Equinor Swaps Onshore US Assets with EQT
(Equinor, 15.Apr.2024) — Equinor and EQT Corporation agreed to swap Equinor’s operated position in the Marcellus and Utica shale formations in Ohio for a stake [more…]
Diamondback, Endeavor to Create $50bn Company
(Reuters, 11.Feb.2024) — U.S. shale oil rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would [more…]
TG Natural Resources to Buy Rockcliff Energy for $2.7bn
(Quantum, 15.Dec.2023) — Rockcliff Energy II LLC, a portfolio company of Quantum Energy Partners, announced the entry into a definitive agreement with TG Natural Resources [more…]
North American Gas Market to Expand by 25% Over Next Decade: WoodMac
(WoodMac, 17.May.2023) — Near-term gas market expansion continues to be driven by global demand for US LNG exports, which will largely be supplied through continued [more…]
INEOS Makes Major $1.4bn Acquisition of US Onshore Assets
(INEOS, 21.Feb.2023) — INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s [more…]
Mexico Plans to be LNG Export Hub with US Gas
(Bloomberg, 15.Aug.2022) — Mexico — which imports nearly all of the natural gas it burns — has laid out a somewhat surprising mission: to become one of the [more…]
Argentina Signs Deal with Tenaris to Move Gas from Vaca Muerta
(Reuters, 17.Jun.2022) — Argentine state company Energia Argentina signed a contract June 16 with pipeline producer Tenaris, a critical step toward completing a pipeline to transfer natural gas from Argentina’s giant Vaca Muerta shale formation. [more…]
Driller Stuns Creditors As Argentina’s Dollars Dwindle
(Bloomberg, 19.Jan.2021) — In the 99 years since it was founded to pump the oil fields of Patagonia, Argentine energy driller YPF SA has been whipsawed by [more…]
Bayón Says Unconventionals Not The Only Option
Ecopetrol’ CEO Felipe Bayón said unconventionals were a very important option for Colombia since they allowed the country to boost its oil and gas reserves-to-production ratios while generating benefits for many regions such as employment, and goods and services. But he added: “In terms energy security, unconventionals are very important but they’re not the only option.”
Quiet Destruction Of Colombia’s Shale Potential
(Oilprice.com, 23.Jul.2020) — Sharply weaker oil prices, falling investment and dwindling oil production are weighing heavily on Colombia’s economic outlook. Last decade, the strife-torn Andean [more…]
Chesapeake Energy Files For Chapter 11
(WoodMac, 28.Jun.2020) — Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection today, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: [more…]
Argentina President Sees Potential In Conventionals
(S&P Global Platts, 13.Jan.2020) — Argentinian President Alberto Fernandez said he plans to encourage the development of conventional oil and natural gas reserves, not just [more…]
Argentina’s Shale Boom Hits New Milestone
(Oilprice.com, Irina Slav, 10.Dec.2019) — YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than [more…]
Is Big Oil Wasting Its Time in The US Shale Patch?
(Oilprice.com, Nick Cunningham, 19.Nov.2019) — Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the [more…]
Ecopetrol And OXY Finalize Permian Deal
(Ecopetrol, 13.Nov.2019) — Ecopetrol S.A. completed the joint venture transaction announced on 31 July 2019. Through this deal, the company and Occidental Petroleum Corp agreed [more…]
Mexican Lawsuit Risks Permian Route To Market
(Petroleum Economist, Charles Waine, 2.Aug.2019) — Mexico’s Comisión Federal de Electridad (CFE), the state-owned electricity utility, has started legal proceedings against seven natural gas pipelines. [more…]
Ecopetrol Call To Discuss Oxy Midland Basin Deal
(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announces that on August 1st, Ecopetrol’s senior management will host two conference calls to review the joint venture with Occidental [more…]
Ecopetrol and Occidental Form Strategic Midland JV
(Ecopetrol, 31.Jul.2019) — Ecopetrol S.A. announced formation of a joint venture with Occidental Petroleum Corporation to develop 97,000 net acres of Occidental’s Midland Basin properties [more…]
Wintershall Dea And ConocoPhillips Team Up In The Prolific Neuquén Basin
(Wintershall, 25.Jul.2019) — ConocoPhillips is a new partner in the Aguada Federal and Bandurria Norte blocks with Wintershall Dea. The two companies will advance the [more…]
Vaca Muerta Output Growth Leads To LNG Exports
(EIA, 12.Jul.2019) — Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén [more…]
Shale Helps Argentina Hit Oil, Natgas Output Record
(Reuters, 2.Jul.2019) — Argentine oil and natural gas output hit a record high in May thanks to increased production from the country’s sprawling Vaca Muerta [more…]
Argentine Shale Spurs Search For Oil, Gas Giant
(Platts, 11.Jun.2019) — On the vast, desolate plains of southern Patagonia, Compañía General de Negocios is stepping up drilling and exploration where few companies operate, [more…]
Permian Water Disposal Volumes To Double By 2022: Wood Mac
(Wood Mac, 12.Apr.2019) — Water disposal volumes in the Permian Basin are expected to double within the next two to three years, new analysis from [more…]
Indigo Natural Resources LLC Provides Operational Update
(Indigo, 4.Apr.2019) — Indigo Natural Resources LLC, a privately-owned natural gas and natural gas liquids company with assets in the Haynesville Shale, the Bossier Shale [more…]
Shale Gluts, Ship Rules Make Heavy Sweet Oil An Unlikely Star
(Bloomberg, Serene Cheong and Dan Murtaugh, (30.Nov.2018) — There’s a rising star in the oil world, and it’s heavy and sweet. Dense, low-sulfur oil, known [more…]
Argentina Reports Rise In Petroleum, Gas Output
(Energy Analytics Institute, Aaron Simonsky, 28.Nov. 2018) — Argentina reported total petroleum production of 498 thousand barrels per day (Mb/d) in October 2018, up 1.8% [more…]
Tecpetrol Reports Rise In Fortín de Piedra Shale Production
(Energy Analytics Institute, Aaron Simonsky, 21.Nov. 2018) — Tecpetrol announced production at its Fortín de Piedra unconventional shale gas project increased 36% to 15 million [more…]
BP, Pan American Eye Exporting Argentina Shale Gas As LNG Via Chile
(S&P Global Platts, 15.Nov.2018) — Pan American Energy, the second-biggest oil producer and third for gas in Argentina, is working with BP on potentially exporting [more…]
Argentina’s Energy Sec. Iguacel Promotes Vaca Muerta In US Road Show
(Energy Analytics Institute, Aaron Simonsky, 13.Nov.2018) — Argentina’s Energy Secretary Javier Iguacel participated in the annual Independent Petroleum Association of America (IPPA) meeting held in [more…]
Argentina Initiates U.S. ‘Vaca Muerta’ Road Show
(Energy Analytics Institute, Aaron Simonsky, 12.Nov.2018) — Officials from Argentina initiated a road show today in the U.S. aimed at attracting investments in the Vaca [more…]
Argentina Awaits Hydrocarbon Investments Of Nearly $13 Billion in 2019
(Energy Analytics Institute, Aaron Simonsky, 8.Nov.2018) — Argentine hydrocarbon investments are projected to increase in 2019 compared to 2018, announced the country’s Energy Secretary Javier [more…]
YPF To Invest $5 Billion Per Year During 2019-2023
(Energy Analytics Institute, Jared Yamin, 4.Nov.2018) — YPF expects to make investments of $5 billion per year during the 2019-2023 period as part of its [more…]
Colombia’s Ecopetrol Advances With Fracking Plans, Seeks License
(Energy Analytics Institute, Piero Stewart, 30.Oct.2018) — Colombia’s state oil company Ecopetrol has requested an environmental license over an area where it plans to begin [more…]
Argentina Restarts Natural Gas Exports To Chile
(Reuters, Dave Sherwood, 30.Oct.2018) — Argentina has begun exporting natural gas to Chile after a 12 year interlude, Chilean President Sebastian Pinera said on Tuesday, [more…]
Ecopetrol Seeks License To Start Fracking Tests In Colombia
(Reuters, Luis Jaime Acosta, 29.Oct.2018) — Colombia’s state oil company Ecopetrol has requested an environmental license to launch a pilot plan to explore for crude [more…]
Weatherford Reports Higher Activity Levels In Argentina and Mexico
(Energy Analytics Institute, Ian Silverman, 29.Oct.2018) — Weatherford International plc reported Western Hemisphere 3Q:18 revenues of $762 million were down $7 million, or 1%, sequentially, [more…]
YPF To Spend Billions To Boost Oil And Gas Output
(Reuters, Eliana Raszewski, Hugh Bronstein, 26.Oct.2018) — Argentina’s state-controlled oil company, YPF, will significantly boost oil and gas production, investing between $4 billion and $5 [more…]
Añelo Population Growth Part Of Region’s Shale Boom
(Energy Analytics Institute, Ian Silverman, 20.Oct.2018) — Añelo’s population is expected to reach 25,000 by 2023 compared to nearly 8,000 today and just 2,000 in [more…]
Argentina To Reduce Bolivian Gas Imports To Minimum
(Energy Analytics Institute, Jared Yamin, 20.Oct.2018) — Argentina will likely reduce its demand for Bolivian natural gas imports to a minimum, says an oil analyst. [more…]
Argentina Plans To Close LNG Importing Facility
(Bloomberg, Jonathan Gilbert, 17.Oct.2018) — Argentina plans to close a facility for importing liquefied natural gas (LNG), according to people with direct knowledge of the [more…]
Texas Would Have A ‘Party’ If Mexico Prohibited Fracking
(Energy Analytics Institute, Ian Silverman, 16.Oct.2018) — Prohibiting fracking in a generalized manner, as announced by Mexico’s president-elect Andrés Manuel López Obrador (AMLO), would be [more…]
Argentina: The Energy Challenge
(YPF, 1.Oct.2018) — Argentina’s unconventional oil & gas resources are among the world’s largest. YPF is working and investing to increase production with the aim [more…]
Neuquen Gas Production Reaches 69.8 MMcm/d in August 2018
(Energy Analytics Institute, Jared Yamin, 27.Sep.2018) — Crude oil and natural gas production from the Neuquen Basin rose sequentially in August 2018. Oil production reached [more…]