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Oil Shale News

Mexico Regulator Hopes for First Shale Auction by End 2018
Mexico >> 1/31/2018 - Mexico hopes to hold its first shale oil and gas auction by the end of 2018, the head of the country’s oil regulator told Reuters, potentially opening up one of the world’s top reserves of unconventio...
Penn Virginia Announces Accretive Acquisition in Core Area
United States >> 1/2/2018 - Penn Virginia Corporation (PVAC) announced that it has entered into a definitive agreement to acquire assets in the Eagle Ford Shale, primarily in Gonzales and Lavaca Counties, from Hunt Oil Company f...
SIMMONS EDECO Awarded a Drilling Services Contract in Mexico
Mexico >> 12/18/2017 - SIMMONS EDECO announced that it has been awarded a contract by Weatherford de Mexico S. de R.L. de C.V., a subsidiary of Weatherford International, to provide drilling services to Canadian-based Renai...
Earthstone Energy Announces Sale of Bakken Assets
United States >> 11/20/2017 - Earthstone Energy, Inc. (ESTE) (Earthstone), announced that it has entered into a definitive agreement to sell its Bakken assets for approximately $27 million in cash to an unaffiliated party. The tra...
Apache Sells Canadian Oil Assets to Cardinal for C$330 Million
Canada >> 6/1/2017 - U.S. oil and gas producer Apache Corp is selling Canadian light oil assets to Canada's Cardinal Energy Ltd so it can focus on high-growth areas like the Permian basin shale play, an Apache spokesman s...
Questerre Acquires Minority Interest in Red Leaf
Jordan >> 5/11/2017 - Questerre Energy Corporation (Questerre) has made a strategic investment in Red Leaf Resources, Inc. (Red Leaf). Through an agreement with one of the vendors, Whitehorn Resources Inc. (Whitehorn), Que...
Wintershall Starts First Pilot Well in Argentina
Argentina >> 5/11/2017 - Wintershall has launched its second operated shale oil pilot project in Argentina (100% working interest). The company has spud the first of three horizontal pilot wells in the Bandurria Norte block, ...
Questerre Provides Update on its Jordan Oil Shale Project
Jordan >> 5/1/2017 - Questerre Energy Corporation (Questerre) reported on an essential test of mechanical rock properties for its oil shale in Jordan. ...
YPF & Schlumberger Signed Agreement to Invest $390M in Vaca Muerta
YPF & Schlumberger Signed Agreement to Invest $390M in Vaca Muerta Argentina >> 4/12/2017 - Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Angel Gutierrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquen. ...
Drilling of Vaca Muerta Oil Resource Play
Argentina >> 3/17/2017 - Madalena Energy Inc. (MDLNF) is pleased to announce the commencement of the first horizontal multi-frac re-entry (the Re-entry Program) in the Vaca Muerta shale formation at Coiron Amargo Sur Este (CA...
YPF & Shell Agree on a Project Development in Argentina
YPF & Shell Agree on a Project Development in Argentina Argentina >> 2/23/2017 - Shell Argentina President Teofilo Lacroze and YPF President Miguel Angel Gutierrez signed an agreement on preliminary terms and conditions for the development of non-conventional hydrocarbons in Vaca ...
EP Energy Announces Permian Drilling Joint Venture
United States >> 1/26/2017 - EP Energy Corporation (EPE) announced it has, through a subsidiary, entered into a drilling joint venture with private capital investor, Wolfcamp Drillco Operating L.P. (Investor), to fund future oil ...
Argentine Province to Auction Six Vaca Muerta Oil & Gas Blocks
Argentina >> 12/24/2016 - Gas y Petroleo del Neuquen SA (GyP), the oil and gas company owned by Argentina's Neuquen province, plans to auction exploration rights to six blocks in the Vaca Muerta shale play, local media reporte...
BNK Petroleum Commences Drilling on its Tishomingo Field
United States >> 12/21/2016 - BNK Petroleum Inc. is pleased to announce that drilling operations have commenced on its Tishomingo Field, Caney oil shale operations in Oklahoma. The drilling rig contracted by the Company has begun ...
YPF & Petronas Confirm the Continuity of Shale Oil Project
Argentina >> 11/23/2016 - YPF and Petronas, through its subsidiary Petronas E & P Argentina SA, confirmed the continuity of the shale oil pilot project, which both companies started in 2015 in La Amarga Chica, province of Neuq...
Pioneer Provides Sale of Eagle Ford Shale Midstream for $2.15 Billion
United States >> 6/1/2015 - Pioneer Natural Resources Company announced that the Company and Reliance Holding USA, Inc. have entered into a purchase and sale agreement with an affiliate of Enterprise Products Partners L.P. (“Ent...
Magnum Agrees to Sell Non-Core Undeveloped Acreage
United Kingdom >> 5/26/2015 - Magnum Hunter Resources Corporation announced that Triad Hunter, LLC, a wholly-owned subsidiary of the Company, has entered into a definitive agreement to sell certain non-core undeveloped and unprove...
Twin Eagle Lands Car Frac Sand Unit Train into Eagle Ford Shale
United States >> 5/21/2015 - Twin Eagle Sand Logistics, LLC (“Twin Eagle”), a subsidiary of Twin Eagle Resource Management, LLC, is pleased to announce that it has landed its first 130 car frac sand unit train at Mission Rail in ...
Carrizo Provides Delaware Basin Farm-Out and 2015 Drilling Plans
United States >> 5/12/2015 - Carrizo Oil & Gas, Inc. announced a farm-out agreement in the Delaware Basin and plans to begin an operated drilling program later this year. ...
Abraxas Acquired of an Additional Bakken/Three Forks Interest
United States >> 4/30/2015 - Abraxas Petroleum Corporation announced the acquisition of an additional Bakken/Three Forks interest; announced the reaffirmation of the Company’s borrowing base; and provided the following operations...

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