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Polls: Public Opinion on Fracking in New York Mostly Unchanged

Two separate polls conducted in New York State have found that public opinion of hydraulic fracturing (fracking) hasn’t changed much over the past year.

August 1, 2012

Industry Brief

Pioneer Drilling Co. has changed its name to Pioneer Energy Services Corp. The company’s common stock will continue to trade on the New York Stock Exchange but will trade under the new ticker PES. Pioneer’s website is now www.pioneeres.com. “Over the last five years, we have transformed Pioneer from a pure-play domestic land contract driller to a diversified energy services provider with operations across the United States and in Colombia,” said CEO Wm. Stacy Locke. “Today, approximately 50% of our revenues and operating margin are derived from our production services segment. We operate 102 well servicing rigs, 117 wireline units, 11 coiled tubing units and an array of fishing and rental tools in addition to our 66 drilling rigs. Our core services are heavily concentrated in the Bakken, Eagle Ford, Permian and along the Gulf Coast, both onshore and offshore. This new name reflects who Pioneer is today.”

July 31, 2012

Midstream Deals Gain Favor over Shale

U.S. natural gas and oil merger and acquisition (M&A) deals over the past two years primarily were driven by shale and unconventional activity, but that changed in the second quarter as midstream deals, particularly gathering and processing targets, accounted for more than half (55%) of the total deals, according to PwC US.

July 30, 2012

Midstream Deals Gain Favor over Shale

U.S. natural gas and oil merger and acquisition (M&A) deals over the past two years primarily were driven by shale and unconventional activity, but that changed in the second quarter as midstream deals, particularly gathering and processing targets, accounted for more than half (55%) of the total deals, according to PwC US.

July 27, 2012

S&P: Shale Surge, Low Prices Forcing ‘New Reality’ on Pipelines

The burgeoning development of shale gas plays in the United States “has changed the playing field for long-haul pipelines,” diminishing the need to move natural gas along traditional west-to-east routes and leaving large stretches of pipeline underutilized, according to a new report from Standard & Poor’s Ratings Services (S&P).

June 11, 2012

S&P: Shale Surge, Low Prices Forcing ‘New Reality’ on Pipelines

The burgeoning development of shale gas plays in the United States “has changed the playing field for long-haul pipelines,” diminishing the need to move natural gas along traditional west-to-east routes and leaving large stretches of pipeline underutilized, according to a new report from Standard & Poor’s Ratings Services (S&P).

June 6, 2012

Report: Technology Redrawing Global Energy Map

Recent technology advances in efficiency management, unconventional fossil fuels and clean energy “have fundamentally changed the energy game and redrawn the global energy map,” according to a white paper issued by Joseph A. Stanislaw, an independent adviser to Deloitte LLP.

May 22, 2012

Gas Bounty, Fracking Backlash Caught Some Off Guard

Skepticism of conventional wisdom is rarely out of place, particularly in the energy patch. But when the oil and gas industry is dealing with consumers, citizens and landowners, sincerity is the order of the day.

April 2, 2012

Industry Brief

Houston-based NorTex Gas Storage Co. has changed its name to NorTex Midstream Partners LLC to reflect its new midstream energy market focus and asset acquisition strategy. “NorTex is in an active acquisition mode, committed to securing a full range of midstream assets and creating an unrivaled set of commercial solutions,” said CEO Robert Foss. NorTex owns and operates Worsham-Steed Gas Storage and Hill-Lake Gas Storage, high-deliverability, multi-cycle facilities serving the greater Dallas-Fort Worth market. These assets are in the Barnett Shale region and have multiple interconnections with several major pipelines serving energy markets from the Permian Basin at Waha to East Texas at Carthage, TX.

March 30, 2012

New Mexico Court Halts Legal Appeals on ‘Pit Rule’

A state district judge in New Mexico Tuesday handed the state’s oil/gas industry an early new year’s present, putting a halt to legal appeals of ongoing industry efforts to revise rules for handling drilling and production waste, the so-called “pit rule.” An Oil Conservation Commission hearing on the industry efforts is now scheduled for Jan. 23 in Santa Fe.

January 13, 2012