Down

Production-related well servicing business remains steady in the U.S. onshore, but completions continue to decline, Basic Energy Services Inc.’s CEO said Monday.

Production-related well servicing business remains steady in the U.S. onshore, but completions continue to decline, Basic Energy Services Inc.’s CEO said Monday.

Natural gas and oil operators on Thursday made headway in digging out from nearly a week of torrential rains and flash flooding that has claimed lives and property throughout the Front Range of Colorado. Two oil spills related to Anadarko Petroleum Corp.’s operations were getting the major attention of industry and state officials as they continued to make post-storm assessments of the impact of historic flooding.

Royal Dutch Shell plc has launched a strategic review of its North American oil and gas operations, particularly the unconventional assets, after taking a charge of more than $2 billion on the value of its U.S. and Canadian liquids-rich properties.

New pipeline and compressor infrastructure has helped boost dry gas production in West Virginia and neighboring southern Pennsylvania counties since early 2012, with more growth still expected to come in the region despite strategic shifts by oil and gas companies to more liquids-rich targets, the U.S. Energy Information Administration (EIA) said Tuesday.

Kathryn Klaber, who has helmed the industry-led Marcellus Shale Coalition (MSC) as CEO for almost four years, is stepping down. She was selected to lead the newly formed organization in late 2009 and is expected to help in the transition over the next few months. “Pennsylvania is now producing nearly 10% of the nation’s natural gas,” Klaber said. “Our industry’s work has been described as ‘revolutionary’ and ‘game-changing.’ The work of the MSC, collaborating with public officials, has helped create the climate for growth of an industry that has delivered on its promises to create American jobs, increase our energy security, while holding safety and environmental performance as paramount.” The oil and gas industry over the past few years “has faced and collectively overcome a host of challenges,” said MSC Chair Dave Spigelmyer, who is Chesapeake Energy Corp. vice president of government affairs. “Katie’s results-oriented leadership and proven ability to identify and collaboratively tackle these challenges has brought incredible value to our industry.”

Kathryn Klaber, who has helmed the industry-led Marcellus Shale Coalition (MSC) as CEO for almost four years, is stepping down, she said Friday.

Domestic oil production may be showing signs of slowing down, but analysts with Raymond James & Associates Inc. don’t think it’s a trend.

President Obama’s much-anticipated climate action plan, which was rolled out last Tuesday, came down hard on coal-fired plants, while promoting renewable fuels along with fuel switching from coal to natural gas, a global market for natural gas, and the adoption of heavy-duty natural gas vehicles.