Unconventional Drilling for Oil and Gas Takes a Week Off

The number of rigs actively searching for oil and gas in U.S. unconventional plays dropped by 1% for the week ending April 8, wiping out the 1% gain recorded for the segment during the previous week, according to NGI’s Shale Daily Unconventional Rig Count.

April 11, 2011

Louisiana’s Latest Lease Sale Tilts Southward

Louisiana’s Mineral and Energy Board collected more than $11.5 million in bonuses in its March lease sale in which buyers heavily favored tracts in South Louisiana as opposed to the northern part of the state.

March 15, 2011

Arkansas Bills Target Fracking, Air Quality

In Arkansas, home to the Fayetteville Shale, state Rep. Kathy Webb (D-Little Rock) has introduced a quintet of bills targeting the natural gas industry for greater scrutiny of drilling operations. The content of the proposed legislation shows that the lawmaker has hydraulic fracturing (fracking) on her mind.

February 17, 2011

LOGA, Louisiana Officials Lock Horns Over Tax Revenue

A Louisiana government official’s statement that the state will see a decrease in tax revenues in coming years due to natural gas drillers moving their operations from taxable areas in South Louisiana to tax-exempt fields in North Louisiana “could not be further from the truth,” according to Louisiana Oil & Gas Association (LOGA) President Don Briggs.

February 10, 2011

Hydraulic Fracturing Chemical Registry Planned

The Interstate Oil and Gas Compact Commission (IOGCC) and the Ground Water Protection Council (GWPC) have launched an effort to disseminate information on chemicals used in hydraulic fracturing, Railroad Commission of Texas (RRC) Chairman Victor G. Carrillo announced.

October 21, 2010

U.S. Gas Rig Count, Prices Continue Tandem Descent

The number of rigs actively searching for natural gas in North America continues to decline, but the rate of the decline did decrease from the previous week, according to Baker Hughes’ rig count for the week ending April 24.

April 27, 2009

Rig Count Falling Across North America

The number of rigs actively exploring for natural gas and oil continues to slow, with the U.S. rig count flat at 1,941 as of Friday after losing a record 51 rigs the week before. Canada operators laid down another 18 rigs last week, Baker Hughes Inc. reported Friday.

November 24, 2008

U.S. Rig Count Falling in Texas, Louisiana

In a sign of things to come, the number of rigs actively exploring for natural gas and oil in the United States dropped by 51 last week to 1,941, according to Baker Hughes Inc. The rigs being laid down are in some of the biggest gas-producing areas: Texas dropped 23 rigs, Louisiana, 13; New Mexico, 12; and Oklahoma lost six.

November 19, 2008

President Says Supply Shortfall Driving Oil Prices

President Bush Tuesday dismissed Democrats’ claims that domestic producers are not actively pursuing their oil and natural gas leases and that excessive speculation is responsible for escalating crude oil prices.

July 16, 2008

Sempra: Texas LNG Plan Active as Oil Plant Pursued

Sempra Energy continues to actively seek long-term supply deals that will allow it to begin construction of its proposed liquefied natural gas (LNG) receiving terminal on part of the 2,900 acres it owns at Port Arthur, TX. But currently there are no pending contracts to announce, a San Diego-based Sempra spokesperson told NGI.

January 14, 2008