The Pennsylvania Department of Environmental Protection (DEP) has notified Cabot Oil & Gas Corp. that the company has satisfied the terms of a 2010 settlement and may resume hydraulic fracturing (fracking) and completion activities at seven Marcellus Shale natural gas wells in Dimock Township. However, the producer is still barred from drilling new wells in the area.
1Q2009
Articles from 1Q2009
El Paso Putting Oil Ahead of Gas — in Eagle Ford Shale
Enthusiasm for uncovering oil deposits in the Eagle Ford Shale of South Texas hasn’t waned at El Paso Corp. In fact, the company likely will move more rigs into its leasehold as the year progresses, CEO Doug Foshee said Thursday.
February 25, 2011
Southern Union Beats Expectations, Still Paying for Hurricane Ike
Southern Union Co. weathered the storm of lower realized commodity prices from the company’s gathering and processing segment to post 1Q2009 adjusted net earnings that beat analyst’s estimates.
May 12, 2009
Oil Service Providers Stung by Drop in North American Spending
Steep declines in North American drilling activity, especially in the Rocky Mountains, Permian Basin and Midcontinent, pushed down Halliburton’s 1Q2009 earnings from a year ago and forced a 12% reduction to its U.S. and Canadian workforce, the CEO said last week. A sharp drop in U.S. gas drilling also sent Schlumberger Ltd.’s quarterly profits down 28%.
April 27, 2009
Halliburton’s North American Earnings, Operations Plummet
Steep declines in North American drilling activity, especially in the Rocky Mountains, Permian Basin and Midcontinent, pushed down Halliburton’s 1Q2009 earnings from a year ago and forced a 12% reduction to its U.S. and Canadian workforce, the CEO said Monday. Separately, Raymond James & Associates Inc. said it now anticipates more declines in U.S. drilling through 2009.
April 21, 2009
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