Rising exploration and production (E&P) budgets worldwide, in combination with strong oil prices, will drive “robust demand” for oilfield services in North American unconventional oil and natural gas shale plays, as well as in international arenas, according to a special study by IHS Inc.
Drive
Articles from Drive
Industry Brief
The Delaware River Basin Commission (DRBC) plans to hold a special meeting on Oct. 21 to act on draft natural gas drilling regulations, according to Executive Director Carol R. Collier. The proposed regulations would protect water resources of the Delaware River Basin when gas projects are developed and in operation. The DRBC received close to 69,000 comments on the draft rules, which originally were published in December (see Shale Daily, Dec. 10, 2010). The meeting, open to the public, is to be held from 1-3 p.m. in the Patriots Theater at the War Memorial, 1 Memorial Drive, Trenton, NJ. A public hearing at the meeting is not planned.
House GOP Blocks Tax Break Repeal; Senate on Deck
House Republicans fought back a Democratic drive last Thursday to repeal a major tax break for oil and natural gas producers. The issue now moves to the Senate, where its fate is uncertain.
Shales Highlighted in PGC’s Record Reserves Report
Shale gas plays and significant technological advances that allow their development helped drive the latest assessment of U.S. natural gas reserves by the Potential Gas Committee (PGC) to a new high.
DRBC Flexing Newfound Regulatory Muscle, Analyst Says
When it issued proposed rules that would allow natural gas development projects — with conditions — in affected areas of the Marcellus Shale last month, the Delaware River Basin Commission (DRBC) was flexing muscles it hasn’t used before in its 50-year history, according to Philadelphia-based law firm Blank Rome LLP.
Midstream Spending Targeting Liquids-Rich Gas
Liquids-rich unconventional gas plays, particularly shales, are continuing to drive midstream spending as evidenced by two announcements last week out of the Eagle Ford Shale as well as the Cana-Woodford Shale and Granite Wash plays.
Range Doubles Marcellus Output, Plans Repeat in 2011
With two weeks still left in 2010, Range Resources Corp. said Wednesday it has more than doubled its Marcellus Shale production year/year.
Bentek: Don’t Count on Fuel-Switching
Anyone counting on stricter air emissions rules to drive a gas-fired power generation buildout and put a higher floor under natural gas prices is going to be disappointed — or at least is going to have to wait a while, according to Bentek Energy LLC.
Bentek: Don’t Count on Fuel-Switching, Really
Anyone counting on stricter air emissions rules to drive a gas-fired power generation buildout and put a higher floor under natural gas prices is going to be disappointed — or at least is going to have to wait a while, according to Bentek Energy LLC.
EIA: Low Gas Prices Fueled Carbon Intensity Decline
Fuel switching from coal to natural gas, which was prompted by an almost 50% decline in gas prices, helped drive down the electric power sector’s carbon intensity nearly 4.3% in 2009, according to an Energy Information Administration (EIA) analysis of the level and drivers of energy-related carbon dioxide (CO2) emissions in 2009.