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  • Drilling surges in Oklahoma's hot Merge play

    Operators have had as many as 11 rigs working in state's emerging area between Scoop and Stack

    Weekly  upstreamonline.com 20 Sep 22:00 GMT Caroline Evans

    Seven up for US rig count

    The US rig count grew by another seven units in the latest week to 1055 despite much discussion of headwinds in the Permian basin. Explorers added four land rigs across the US, for a total of 1030, well ahead of 915 a year ago. The count of rigs in inland waters increased by two to total five — compared to four a year ago — while the offshore sector also added one rig for a total of 20, up from

    Weekly  upstreamonline.com 20 Sep 22:00 GMT Global Mediator

    Roan gears up to go public

    Privately held Roan Resources is set to go public in a reverse merger with Linn Energy, just over a month after the US independent spun off its remaining assets into another company. The merger is expected to close by the end of September. Roan was formed in 2017 through contributions from Linn and Citizen Energy, which added up to 140,000 net acres in the Scoop, Stack and Merge plays of Oklahom

    Weekly  upstreamonline.com 20 Sep 22:00 GMT Caroline Evans

    US state record output

    THE US state of North Dakota's oil and gas production achieved new all-time highs in July as drilling and completions activity climbed, according to preliminary figures. The state pumped 1.27 million barrels of oil and 2.4 billion cubic feet of natural gas per day in July, compared with 1.22 million bpd and 2.3 Bcf per day in June, according to numbers from the North Dakota Industrial Commission.

    Weekly  upstreamonline.com 20 Sep 22:00 GMT Caroline Evans

    Matador major buyer in New Mexico's Permian sale

    US independent Matador Resources has confirmed it was a major buyer in New Mexico's recent Permian basin lease sale, laying out more than $387 million to pick up 8400 gross acres in Lea and Eddy counties at an average of cost of $46,000 per acre, writes Kathrine Schmidt. That bidding footprint matches the set of anonymous offers made by Federal Abstract, a New Mexican geology company, on behalf o

    Weekly  upstreamonline.com 20 Sep 22:00 GMT Global Mediator

    Funding boost for Tall City

    Private equity player Warburg Pincus is providing up to $500 million in equity financing to Permian basin pure-play oil company Tall City Exploration III. The formation of Tall City Exploration III follows a 2016 equity investment by Denham Capital in Tall City II, which was led by essentially the same management team that will run the new company. The first iteration of Tall City amassed more t

    Weekly  upstreamonline.com 20 Sep 22:00 GMT Global Mediator

    Argentina sees global reach for Vaca Muerta gas

    Country’s Energy Ministry looking at ways to export LNG as output from key shale play increases

    Weekly  upstreamonline.com 20 Sep 22:00 GMT Kathrine Schmidt

    Third Energy directors quit over fracking delays

    UK shale gas explorer sees departure of Keith Cochrane and Jitesh Gadhia

    Online  upstreamonline.com 20 Sep 11:17 GMT Anamaria Deduleasa

    Cuadrilla approved for second UK fracking well

    Shale gas explorer currently completing works on site, preparing to start hydraulically fracturing in next few weeks

    Online  upstreamonline.com 20 Sep 09:47 GMT Anamaria Deduleasa

    China ‘set for shale gas revolution’

    Expected hike in gas demand is driving country to develop own resources, but LNG and pipeline imports to continue

    Online  upstreamonline.com 17 Sep 14:13 GMT Eoin O'Cinneide