Rex Energy Corp. said it is “pleased” with the results so far from a well targeting Ohio’s Utica Shale, but it is disappointed with a third-party well completion technique at a second well and blamed bad weather for delays in putting other wells into sales.
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Rosetta Resources Inc. has raised its 2013 guidance for spending and production and increased its borrowing base in light of its pending acquisition of Permian Basin assets announced last month.
Canada’s frontier shale drilling hot spot lived up to hopes for a new source of premium-grade oil, according to first results disclosed from 2012-2013 winter exploration in the central Mackenzie Valley region of the Northwest Territories.
After more than a century of production from conventional pools, astronomical volumes still await new methods of extracting natural gas and oil from Alberta’s shale, according to provincial earth scientists.
After more than a century of production from conventional pools, astronomical volumes still await the new methods of extracting natural gas and oil from Alberta’s shale, according to provincial earth scientists.
May natural gas futures continued to retreat Tuesday as traders were inclined to sit on the sidelines and await Thursday’s Department of Energy (DOE) report on inventories. Some see prices eventually reaching $4.00. At the close May had fallen 5.8 cents to $4.231 and June skidded 5.9 cents to $4.304. May crude oil shed 13 cents to $108.34/bbl.
Because an “all-time high level” of uncompleted natural wells in the Haynesville Shale await a tie-in to pipelines, don’t expect an immediate drop-off in incremental supply as the rig count drops, analysts with Raymond James & Associates Inc. said in a note Monday.
Anadarko Petroleum Corp. has 100 wells, “maybe a few more,” in the Marcellus Shale alone that are not completed or tied in as they await infrastructure, a company executive said Tuesday.
With more than enough drilling opportunities that await development in the Marcellus Shale and elsewhere, Chesapeake Energy Corp. on Wednesday confirmed that it has “no intention” to drill natural gas wells in upstate New York’s watershed, which supplies water to nine million people, including New York City.