Believe

Analysts believe operators in the Utica Shale will soon be able to bring many of their wells into production, thanks to progress in building new gathering lines, but they also caution that investors may have set their expectations too high for areas outside of the play’s core.

Analysts believe operators in the Utica Shale will soon be able to bring many of their wells into production, thanks to progress in building new gathering lines, but they also caution that investors may have set their expectations too high for areas outside of the play’s core.

The White House climate action plan, announced in a speech Tuesday, comes down hard on coal-fired power plants, pledges continued support for the development and use of non-polluting renewable energy and promotes “cleaner-burning natural gas” as a bridge to a clean future.

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.

Onshore drilling activity in the United States and Canada has begun to pick up, with excess pressure pumping capacity “being absorbed ever so slowly,” the top financial officer for Baker Hughes Inc. said this week.

The Pennsylvania Department of Environmental Protection (DEP) has given Carrizo Oil & Gas Inc. permission to resume hydraulic fracturing (fracking) operations at a natural gas well in Wyoming County that malfunctioned last month.

Wood Mackenzie energy and metals analysts collaborated to identify what they believe will be the major themes of 2013 that could materially impact the long-term landscape. Among other things, keep an eye on growth in the natural gas for transportation markets, said analysts.

Wood Mackenzie energy and metals analysts collaborated to identify what they believe will be the major themes of 2013 that could materially impact the long-term landscape. Among other things, keep an eye on growth in the natural gas for transportation markets, said analysts.

Several groups of Ohio landowners looking to lease thousands of acres in the Utica Shale believe their prospects are getting brighter now that the elections are over, with oil and natural gas producers beginning to staff up their operations.