Drillbit

Producers gored natural gas prices with the drillbit and have done the same to natural gas liquids (NGL) prices. Ethane rejection — seen last year in the Rockies and Midcontinent — could be “widespread” this year, and the Northeast could see gas production shut-ins as pipeline specification limits are tested, according to a midstream outlook prepared by U.S. Capital Advisors.

Producers gored natural gas prices with the drillbit and have done the same to natural gas liquids (NGL) prices. Ethane rejection — seen last year in the Rockies and Midcontinent — could be “widespread” this year, and the Northeast could see gas production shut-ins as pipeline specification limits are tested, according to a midstream outlook prepared by U.S. Capital Advisors.

A U.S. unit of Royal Dutch Shell plc last week moved another step closer to lowering a drillbit into the frigid waters offshore Alaska this summer after the Department of Interior approved a stringent oil spill response plan.

A U.S. unit of Royal Dutch Shell plc on Wednesday moved another step closer to finally lowering a drillbit into the frigid waters offshore Alaska this summer after the Department of Interior approved a stringent oil spill response plan.

The drillbit is moving from unconventional dry natural gas activity to wetter gas and crude, but the infrastructure has yet to catch up, increasing barriers to entry for some and giving existing operators a “natural edge,” an analyst with Tudor, Pickering, Holt & Co. Inc. (TPH) said in new research on the midstream sector.

The drillbit is moving from unconventional dry natural gas activity to wetter gas and crude, but the infrastructure has yet to catch up, increasing barriers to entry for some and giving existing operators a “natural edge,” an analyst with Tudor, Pickering, Holt & Co. Inc. (TPH) said in new research on the midstream sector.

Last year Range Resources Corp. grew proved reserves 42% to 4.4 Tcfe and replaced 931% of its production for the year, the company said Tuesday.

Oilfield services giant Schlumberger Ltd. apparently is close to completing a transaction to buy Houston-based Smith International Inc., which is one of the largest drillbit producers in the world.

Oilfield services giant Schlumberger Ltd. apparently is close to completing a transaction to buy Houston-based Smith International Inc., which is one of the largest drillbit producers in the world.