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Carrizo Has Record-Setting Quarter

Houston-based Carrizo Oil & Gas Inc. posted records during the first quarter for natural gas, natural gas liquids (NGL) and oil production as well as chart-topping revenue, largely thanks to the Eagle Ford Shale of South Texas and the Barnett Shale in North Texas. Meanwhile, Marcellus Shale activities are ramping up.

May 10, 2012

IHS CERAWeek: Shale Stimulating U.S. Economy

The shale gas industry contributed $76.8 billion to U.S. gross domestic product (GDP) and supported more than 600,000 jobs in 2010, but that’s just the tip of the iceberg, according to a report issued Wednesday by the World Economic Forum (WEF) at IHS CERAWeek 2012 in Houston.

March 8, 2012

Los Angeles Muni Using Gas in Move to Renewables

In attempting to chart an uneasy future away from coal-fired generation and toward more renewable resources, the nation’s largest municipal utility, the Los Angeles Department of Water and Power (LADWP), remains highly dependent on natural gas to fuel its power plants, LADWP officials told a citizens meeting last Thursday.

September 5, 2011

LADWP Sees Gas Key to Eliminating Coal

In attempting to chart an uneasy future away from coal-fired generation and toward more renewable resources, the nation’s largest municipal utility, the Los Angeles Department of Water and Power (LADWP), remains highly dependent on natural gas to fuel its power plants, LADWP officials told a citizens meeting last Thursday.

August 30, 2011

Alberta Government’s Budget Floating on Shale

A rush for liquids-rich natural gas and tight oil embedded in dense rock formations, using shale drilling methods imported from the United States, is bailing the Alberta government out of sinking deeply into the red.

August 22, 2011

Fracking Prohibition Would Turn LNG Tankers This Way, Speaker Says

Back in 2007 the United States was in store to get about 130 metric tons of liquefied natural gas (LNG) imports. However, North American shale gas plays have changed all that. But if hydraulic fracturing (fracking) well stimulation is outlawed or severely curtailed, it could be back to the future where LNG imports are concerned.

May 23, 2011

GasMart 2011: Engelder: Fracturing Won’t Contaminate Groundwater

The possibility of hydraulic fracturing (hydrofracking) contaminating groundwater by leaking to the surface through natural fractures remains “very, very unlikely,” according to the forefather of Marcellus Shale geology.

May 12, 2011

Texas PetroIndex Continues Sliding

For a good while any chart of oil and gas exploration and production (E&P) activity in Texas looked pretty decent, with steadily increasing drilling, production and prices yielding mounting positive data. But it turned out that on the other side of the data mountain was a cliff from which the industry continues to plunge.

July 27, 2009

Texas PetroIndex Continues to Slide

For a good while any chart of oil and gas exploration and production (E&P) activity in Texas looked pretty decent, with steadily increasing drilling, production and prices yielding mounting positive data. But it turned out that on the other side of the data mountain was a cliff from which the industry continues to plunge.

July 22, 2009

Commodity Prices Lift Spectra Profits; Shale Plays Driving Growth

Spectra Energy got a boost from higher commodity prices in the second quarter, which helped the company chart a nearly 51% increase in net income. CEO Fred Fowler is looking toward existing and emerging gas shale plays to grow Spectra’s gathering and processing as well as its pipeline businesses, he said last week.

August 11, 2008