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Tag: shale
Shutting In Shale Oil, Gas Wells? Review Lease Provisions or Risk Loss
2020-05-11 18:11:37| OGI
If the producer does not comply with terms needed to maintain an oil or gas lease, the lease could be terminated, an attorney says.
Continental Resources, Callon Join Shale Peers in Curtailing Oil Output
2020-05-11 15:07:03| OGI
A month-long oil price war between Saudi Arabia and Russia and the economic fallout from the COVID-19 pandemic caused a historic drop in oil prices, forcing producers to drastically cut their spending and scale back on activity.
Tags: join
resources
oil
output
Bakken Pain Reflects Long Road Back for US Shale
2020-05-08 21:00:00| OGI
The oil sector in North Dakota, which led the U.S. shale revolution more than a decade ago, has never been through a downturn like this.
In US Shale Bust, Frac Sand Miners Are the New Coal Companies
2020-05-08 11:10:00| OGI
But the shale bust in early March has turned the frac sand mining business into the new coal. As U.S. oil prices plunged, sand suppliers have shut mines, dismissed workers and slashed operations.
Tags: companies
sand
coal
bust
Shale Producer EOG Resources to Shut Existing Wells
2020-05-07 23:30:00| OGI
EOG currently plans to bring about 485 net wells on to production for 2020 compared with the original forecast of 800 net wells, with a focus on the Delaware Basin in the Permian and South Texas Eagle Ford.
Tags: resources
existing
producer
wells
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