Climbing

As oil production continues its steep climb in the Eagle Ford Shale, the South Texas play is on track to surpass the Bakken, the shale oil production leader, in the near term, an RBC Capital Markets analyst said Wednesday.

Cheap U.S. natural gas contributed to a decision by European steelmaker Voestalpine AG to site a new plant outside of Corpus Christi, TX.

With energy demand high and producers climbing over each other in the Marcellus Shale region, the Northeast remains “ripe with bottlenecks,” and it’s likely to get more congested before natural gas infrastructure is completed, Williams CEO Alan Armstrong said last week.

With energy demand high and producers climbing over each other in the Marcellus Shale region, the Northeast remains “ripe with bottlenecks,” and it’s likely to get more congested before natural gas infrastructure is completed, Williams CEO Alan Armstrong said Wednesday.

Despite a natural gas rig count that has declined significantly, production from the Haynesville Shale during June was climbing, which was reversing the impact of well shut-ins that began in February, an analysis by Bentek Energy LLC found.

Despite a rig count that has declined significantly, production from the Haynesville Shale during June was climbing, which was reversing the impact of well shut-ins that began in February, an analysis by Bentek Energy LLC found.

Oil and natural gas production in North Dakota’s Bakken Shale continued climbing in April, according to a state Industrial Commission preliminary report released Wednesday. A continuing supply glut wreaks havoc on prices for Bakken crude, according to an analysis from RBN Energy LLC.

Ten years on, drilling in the Barnett Shale has expanded the economy of the 24-county region in North Texas by 38%, according to a new study that said cumulative economic benefits of the Barnett from 2001 to 2011 include $65.4 billion in gross product for the region and $80.7 billion for the state.

U.S. natural gas prices are set to rise beyond current market expectations, climbing by about 50% between 2011 and 2020, or 4% per year, to surpass $8/MMBtu, according to a report by the Deloitte Center for Energy Solutions.