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Canadian Drillers Digging into Remote Canol Shale

A winter drilling season with potential to fulfill Canadian northern oil visions has begun, with an adventurous spirit driving bits down into an all but untouched shale deposit known as the Canol.

February 4, 2013

Canadian Drillers Take Another Look at Remote Canol Shale

A winter drilling season with potential to fulfill Canadian northern oil visions has begun, with an adventurous spirit driving bits down into an all but untouched shale deposit known as the Canol.

February 1, 2013
California Drafts Frack Rules, But New Drilling Tepid

California Drafts Frack Rules, But New Drilling Tepid

As they continue to pursue rules on hydraulic fracturing (fracking), California oil/gas officials are not seeing the increase in exploratory activity or permitting as other shale basins around the nation have experienced. Drilling activity is down slightly compared to this time last year, a spokesperson for the state Division of Oil, Gas and Geothermal Resources (DOGGR) told NGI’s Shale Daily Wednesday.

November 30, 2012
Oil-Gas Lines Blurred As Unconventional Rig Count Declines

Oil-Gas Lines Blurred As Unconventional Rig Count Declines

Unconventional oil and gas drilling within the 13 plays tracked by NGI’s Shale Daily Unconventional Rig Count dropped by a combined 13 rigs, or 1%, from the previous week to 869 rigs for the week ending Sept. 28. While some of the plays reporting increases or declines in activity were to be expected, others came as a bit of a surprise.

October 5, 2012

U.S. Chamber Tooting Shale’s Horn in Ohio’s Marcellus, Utica

A series of recent reports highlights the economic benefits of the burgeoning gas industry in eastern Ohio’s Utica and Marcellus shales and, according to the U.S. Chamber of Commerce, shale energy “has the potential to be an economic game-changer” for the state and the nation.

July 26, 2012

Bleak Outlook Seen for Liquids Drilling Through 2013

The U.S. oil and natural gas rig count will fall through 2013, with a “glaring change” to the forecast for wet gas drilling, according to Raymond James & Associates Inc. A “meaningful rebound” won’t occur until the second half of 2014 and through 2015, analysts said Monday.

June 26, 2012

Barclays: Dry Gas-Only Companies Entering ‘Uncharted Waters’

A growing number of producers are shying away from dry gas drilling and instead pointing their drill bits at liquids-rich and oil targets, but drillers are “soldiering on” despite stubbornly low natural gas prices and “are set to do what they do best: drill,” according to energy analysts with Barclays Capital Markets.

March 9, 2012

Oil Plays Lead Unconventional Drilling Growth

The Cana-Woodford, Eagle Ford and Bakken/Sanish/Three Forks plays continued to lead the activity growth in unconventional fields over the last year as oil and gas producers put more weight on liquids-rich shales to take advantage of higher commodity prices found in oil and natural gas liquids. Conversely, some of the nation’s dry gas shales have seen the largest drilling activity declines as natural gas prices remain below $4/MMBtu for much of the country.

October 3, 2011

Prices Meander Despite Unconventional Rig Count Drop

The number of rigs targeting oil and natural gas in U.S. tight sands and shale plays saw a significant drop during the week ending May 20, while oil and gas prices hovered in their recent comfort zones, according to NGI’s Shale Daily Unconventional Rig Count.

May 23, 2011

Unconventional Drilling Continues Decline

Continuing the downward momentum from the previous week (see Shale Daily, April 11), the number of rigs drilling for oil and gas in U.S. unconventional plays dropped by another 1% for the week ending April 15, according to NGI’s Shale Daily Unconventional Rig Count.

April 18, 2011
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