ExxonMobil Corp., whose Permian Basin leasehold holds an estimated 9.5 billion boe resources base across 1.6 million acres, has launched a partnership with Microsoft Corp. to create the largest oil and natural gas acreage ever to use cloud technology.
Cloud
Articles from Cloud
USGS Clarifies Marcellus Gas Estimate
The cloud of confusion surrounding the U.S. Geological Survey’s (USGS) recent estimate of undiscovered, technically recoverable natural gas and natural gas liquids (NGL) contained in the Marcellus Shale — and the apparent differences between the USGS assessment and previous estimates — cleared somewhat Friday as the agency clarified its methodology.
USGS, EIA Marcellus Estimate Differences Clarified
The cloud of confusion surrounding the U.S. Geological Survey’s (USGS) recent estimate of undiscovered, technically recoverable natural gas and natural gas liquids (NGL) contained in the Marcellus Shale — and the apparent differences between the USGS assessment and previous estimates — cleared somewhat Friday as the agency clarified its methodology.
Moody’s: Oilfield Service Outlook ‘A Mixed Bag’
Weak natural gas prices and regulatory uncertainty — stemming from the Deepwater Horizon accident in the Gulf of Mexico — cloud the outlook for oilfield service (OFS) companies over the next year to 18 months, Moody’s Investors Service said in a report last week.
Moody’s: Oilfield Service Outlook ‘A Mixed Bag’
Weak natural gas prices and regulatory uncertainty — stemming from the Deepwater Horizon accident in the Gulf of Mexico — cloud the outlook for oilfield service (OFS) companies over the next year to 18 months, Moody’s Investors Service said in a report Tuesday.
Prices Up Again, But Futures Dips Cloud Continuation
Regional variations in upward price trends tended to even out a bit Tuesday. With scattered exceptions, nearly all points were united in seeing gains ranging from a little less than 15 cents to about 35 cents; however, the lion’s share of increases were clustered around the 20-25 cents range. The primary skewing came in most of the smaller gains being recorded in the West.
DENA Losses Cloud an Otherwise Sunny Quarter for Duke
Duke Energy’s $1.2 billion sale of Australian energy assets in March enabled the company to post a 48% increase in first quarter net income to $334 million, or 36 cents/share, but excluding one-time charges, earnings fell to 32 cents/share from 42 cents/share in 1Q2003, and missed Wall Street estimates of 37 cents/share. Duke shares were down 4% Thursday following the announcement to $20.98/share.
DENA Losses Cloud an Otherwise Sunny Quarter for Duke
Duke Energy’s $1.2 billion sale of Australian energy assets in March enable the company to post a 48% increase in first quarter net income to $334 million, or 36 cents/share, but excluding one-time charges, earnings fell to 32 cents/share from 42 cents/share in 1Q2003, and missed Wall Street estimates of 37 cents/share. Duke shares were down 4% Thursday to $20.98.
Prospects and Price Shocks Cloud Gas Production Horizon
A lack of cheap, easy drilling prospects, a succession of price shocks and industry consolidation are some of the main factors behind the downturn of natural gas production in North America, according to financial analyst Irene Haas.
Prospects and Price Shocks Cloud Gas Production Horizon
A lack of cheap, easy drilling prospects, a succession of price shocks and industry consolidation are some of the main factors behind the downturn of natural gas production in North America, according to financial analyst Irene Haas.