EOG is now starting to put something together in the Texas side of the Delaware Basin. According to the company’s recently announced fourth quarter/end of year results, EOG has “confirmed a new shale play” with the completion of two Wolfcamp horizontals, where they have an estimated reserve potential of roughly.. read more
Instead of grouping all the top Bakken operators highlights into one blog, I’ve decided to break it up into two segments. This way I will be able to report on operators that have already released, rather than waiting until all have made their quarterly announcements. The fourth quarter is the.. read more
Yesterday Forest Oil Corporation announced that they were selling South Texas properties. The company didn’t give too much detail on the subject other than it has entered into a definitive agreement to sell all of its properties in South Texas, excluding Eagle Ford Shale oil properties, for after-tax proceeds of.. read more
Drilling Info Inc. has named Dave Piazza as its new Chief Financial Officer, charged with leading the firm through growth initiatives and raising capital to support expansion. Piazza joins during a year that saw Drilling Info garner a $165 million equity investment. In 2012, the company also acquired Dripping Springs,.. read more
The Cline Shale oil play lying at roughly 9,250 feet below the surface along the eastern flank of the Midland Basin could possibly be a key component for energy independence for the U.S. The play area runs roughly 140 miles north-south and about 70 miles wide through Howard, Glasscock, Reagan,.. read more
What’s the number one oil producer in the most prolific tight oil field in the U.S. up to these days? Well, Continental was already the largest leaseholder in the Bakken and now with a recent acquisition to purchase 120,000 more net acres, the company has strengthened its leasehold to approximately.. read more
Halcon Resources Corporation announced this week that it has entered into a privately negotiated definitive agreement with Petro-Hunt, LLC. The $1.45 billion deal, consisting of $700 million in cash and $750 million in equity, is to acquire producing and undeveloped assets in the Williston Basin prospective to Bakken Shale and.. read more
I have seen a few of articles lately on the Utica Shale in eastern Ohio. I thought I would take some time to summarize some news-worthy tidbits on this emerging play. Recently, CNBC and NBC news focused on the resurgence of Ohio, a once thriving area of the steel industry, now reborn.. read more
The Woodford Shale is back in the spotlight once again. At this week’s Continental Resources investor day, Continental was pleased to announce their Anadarko Woodford discovery, which the company has coined as “SCOOP.” The play, which is similar to the Bakken, Marcellus, and Eagle Ford shales, could add 1.8 billion.. read more
I’m from Michigan. We make cars. Growing up, the only thing I knew about oil was that you needed to change it every 3,000 miles. But, after moving to Texas and getting a job at Drillinginfo in 2010, I had to come up to speed ‒ quick! Proppant? Frac stages?.. read more
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