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  • Operators feel steel tariff hit

    Controversial tariffs imposed by the administration of US President Donald Trump on imported steel are already driving well costs higher for US oil and gas producers, write Caroline Evans and Kathrine Schmidt. Independents ConocoPhillips, Pioneer Natural Resources, Parsley Energy and Cimarex Energy all recently reported that the 25% levy on foreign steel translated to higher costs in the second q

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Julia Martinez

    Devon to sell off acreage

    US independent Devon Energy has agreed to sell a package of what it deems to be non-core acreage in the Permian basin to Carrizo Oil & Gas for $215 million. The deal, which is expected to close in the fourth quarter and is subject to closing conditions, spans 9600 net acres in the Delaware sub-basin of the prolific Permian play. The acreage sits in Ward and Reeves counties and has net producti

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Julia Martinez

    Diamondback Energy sets sights on savings

    US shale independent hoping to see synergies that will save it up to $3 billion after acquisition of Energen

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Eoin O'Cinneide and Julia Martinez

    SandRidge evaluates offers

    US shale player Sandridge Energy has begun evaluating offers to buy the company or some of its assets, moving forward with a strategic review process started in March. “We’re managing this process with the highest priority and urgency while maintaining a thoughtful and deliberate approach to ensure the resulting outcome is the best possible for our SandRidge shareholders,” chief executive Bill Gr

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Julia Martinez

    Permian quakes under the microscope

    Regulators and operators to scrutinise more deeply the potential links between seismic activity in Texas shale play and water injection from drilling work

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Caroline Evans

    YPF sees large jump in Vaca Muerta output

    Argentina’s YPF boosted its production of shale oil and natural gas by 53% on the year during the second quarter and is gearing up towards at least two more final investement decisions on projects in the Vaca Muerta shale play, writes Gareth Chetwynd. Assets such as Loma Campana, El Orejano, Bandurria, La Amarga Chica, Narambuena, Bajo del Toro, Bajada de Anelo and Aguada Pichana, yielded an aver

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Gareth Chetwynd

    Takeaway woes push Apache to form Altus Midstream

    US independent Apache is forming a $3.5 billion Permian basin midstream company as operators face limited takeaway capacity from the region to the US Gulf coast, writes Caroline Evans. Under the terms of the deal, Apache will contribute its midstream assets at its prolific Alpine High natural gas project to the new company, Altus Midstream, which it will own in part with Kayne Anderson’s special-

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Caroline Evans

    ExxonMobil cuts deal for US Gulf pipeline

    A giant pipeline project being developed by Kinder Morgan to carry natural gas from the Permian basin to the US Gulf coast is closer to a final investment decision after US supermajor ExxonMobil signed a preliminary agreement to support the project. The deal would allow ExxonMobil subsidiary XTO to contract for up to 450,000 dekatherms per day of capacity on the pipeline, providing the US superma

    Weekly  upstreamonline.com 16 Aug 22:00 GMT Caroline Evans

    North Dakota output drops in June

    State regulators attribute decline to gas capture deadline and wet weather

    Online  upstreamonline.com 16 Aug 21:59 GMT Caroline Evans

    Video: 'Gas influx' eyed in Oklahoma well blast

    US investigators still searching for what sparked fire that caused deaths of five workers

    Online  upstreamonline.com 16 Aug 18:07 GMT Caroline Evans