Enbridge Inc. and Spectra Energy Corp. have entered into a definitive merger agreement under which the two companies will combine in a stock-for-stock merger transaction. The combination will create the largest energy infrastructure company in North America and one of the largest globally, the companies said, based on a pro-forma enterprise value of roughly $127 […]

Light, sweet crude oil prices snapped a 4-day losing streak Sept. 2 on the New York market on the report of fewer new US jobs than economists had expected for August. Despite the Sept. 2 oil-price gain, the US benchmark still ended the week down nearly 7% from the previous week, marking the biggest single-week […]

Many drilled but uncompleted (DUC) oil horizontal wells across US shale plays will become commercial if light, sweet crude oil prices remain at $40-50/bbl on the New York Mercantile Exchange. Source: News

At least one analyst believes the Wolfcamp shale, particularly the Delaware basin within the Permian basin, offers among the best economic potential of tight oil plays to help sustain US operators through distressed oil prices. Source: News

BHP Billiton Petroleum eliminated an intermediate casing string in a Permian basin pilot by switching to an oil-based mud (OBM) from a water-based mud. Source: News

Framework agreements for transboundary hydrocarbon resources (THR) can provide access to new acreage in potentially attractive areas. Source: News

The National Iranian Oil Co. (NIOC) aims to boost production by 1 million b/d from green fields. In the absence of production data, the only viable method to estimate a field’s production potential is reservoir modeling, which is time-consuming. Source: News