Continues

For Marcellus Shale producers, the gift-receiving season began last week and continues through the end of the year in the form of additional pipeline takeaway capacity. Multiple projects are slated to come online by the end of the year, giving Marcellus producers increased access to markets, and presumably better prices for their gas.

For Marcellus Shale producers, the gift-receiving season begins this week and continues through the end of the year in the form of additional pipeline takeaway capacity. Multiple projects are slated to come online between Thursday and the end of the year, giving Marcellus producers increased access to markets, and presumably better prices for their gas.

Even though crude oil production in Texas continues to increase, drilling activity for future reserves has slowed because of weakness in natural gas prices and instability in crude oil markets, according to the latest Texas Petro Index (TPI).

Despite some fall-off in overall sales, Houston-based CARBO Ceramics Inc. Thursday said it continues to see strong ceramic proppant sales volumes in the active major shale plays such as the Eagle Ford, Permian and Bakken.

Despite some fall-off, Houston-based CARBO Ceramics Inc. Thursday said it continues to see strong ceramic proppant sales volumes in the active major shale plays such as the Eagle Ford, Permian and Bakken.

Canada’s Duvernay Shale has the potential to become one of the “most attractive liquids-rich plays” in North America, according to Wood Mackenzie analysts, who point to ExxonMobil Corp.’s decision this month to pay $3.1 billion for one of the play’s biggest developers as affirmation.

The Energy Information Administration (EIA) on Wednesday said domestic natural gas consumption is on track to grow this year, while marketed production will slow.

Gasfrac Energy Services Inc., which has been attempting to build market share in the U.S. hydraulic fracturing (fracking) market with its waterless technology, on Tuesday said CEO Zeke Zeringue and COO Steve Batchelor have left the company, and an operational review and management restructuring have begun.

Comstock Resources Inc.’s second quarter results took a beating from “extraordinarily low natural gas prices,” but the company continues to shift to oil in a big way and just sealed a joint venture (JV) for its “growth engine” Eagle Ford Shale acreage. Comstock expects good things to come from the Permian Basin and plans to hold on to its Haynesville-Bossier Shale acreage in anticipation of better days for dry gas.