Almost half of the drilling in the U.S. onshore now is being done on multi-well pads, further moving attention from the rig and well count and more to horizontal footage drilled and the number of fractured stages per well, Halliburton Co. CEO Dave Lesar said Monday.
Articles from Dependent
An alliance of organizations that represent commodity-dependent industries, businesses and end-users has asked a federal court in Washington, DC, to reverse an earlier decision tossing out the Commodity Futures Trading Commission’s (CFTC) controversial rule limiting excessive speculation in the multi-trillion swaps market.
An alliance of organizations that represents commodity-dependent industries, businesses and end-users has asked a federal court in Washington, DC, to reverse an earlier decision tossing out the Commodity Futures Trading Commission’s (CFTC) controversial rule limiting excessive speculation in the multi-trillion swaps market.
Unconventional oil and gas activities and production continued to make their significance felt in mergers and acquisitions (M&A) in the oil and gas sector last year, with much of the new domestic investment coming from foreign companies, according to Deloitte.
With its acquisition of Copano Energy LLC, announced Wednesday, Kinder Morgan Energy Partners LP (KMP) will expand its footprint in Texas shale plays, the Eagle Ford in particular, as it adds gas gathering, processing, treating and natural gas liquids fractionation assets.
Accusing Tennessee Gas Pipeline of “improperly segmenting” its expansion projects to avoid rigorous environmental reviews, three environmental groups have filed an emergency motion asking FERC to expedite consideration of their request for the agency to rehear a May order approving the pipeline’s Northeast Upgrade Project.
Combined heat and power (CHP), or cogeneration, is advocated for a dozen states heavily dependent on coal-fired power generation as a way to ease off of coal and address global climate change. CHP often relies on natural gas as its fuel source, although biomass, biogas and other fossil fuels also can be used. A report by the American Council for an Energy Efficient Economy predicts that in the next two decades there will be “substantial changes” in the way electricity is produced, and CHP is one of the tools for making the transition smoother and less carbon-intensive. “Energy efficiency, and CHP, in particular, represent significant near-term opportunities to make highly cost-effective investments in new energy resources,” said Anna Chittum, author of the report, “Coal Retirements and the CHP Investment Opportunity.” The report urges states to encourage their utilities to invest more in CHP as a means of meeting future demand.
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.
Wyoming is facing a potential budget shortfall exceeding $100 million due to rapidly declining natural gas prices in a state highly dependent upon the shale boom and its related economic drivers, Gov. Matt Mead said Tuesday in Cheyenne.