Explorers

North American E&Ps ‘Adapting Quickly’ to Lower Gas Prices

North American explorers aren’t going to let a little thing like weak natural gas prices get in the way of record spending plans in 2012, a new survey by Barclays Capital has found.

December 22, 2011

Independents Rule the Onshore, Says IPAA

Independent explorers now drill close to 94% of U.S. oil and natural gas wells, a level of drilling that is forecast to remain steady over the coming decade, according to a study commissioned by the Independent Petroleum Association of America (IPAA).

April 18, 2011

Independents Rule the Onshore, Says IPAA Study

Independent explorers now drill close to 94% of U.S. oil and natural gas wells, a level of drilling that is forecast to remain steady over the coming decade, according to a study commissioned by the Independent Petroleum Association of America (IPAA).

April 12, 2011

Beaucoup Reserves Additions in 2010 Expected for Shale Gas Producers

“Shaley” natural gas producers and Bakken oil explorers should be reporting “lots” of reserves additions as they roll out their year-end 2010 reports, the research team at Tudor, Pickering, Holt & Co. (TPH) said Friday.

January 18, 2011

Chevron Grabs Million-Plus Acres in U.S. Shale Basins

Chevron Corp., which had eschewed domestic shale plays in favor of the deepwater, on Tuesday reversed course, agreeing to pay a total of $4.3 billion to acquire Atlas Energy Inc.’s million-acre-plus U.S. shale leasehold.

November 10, 2010

Schlumberger CEO: Higher Gas Demand Needed to Keep Drilling Pace

The move by U.S. explorers to oil plays, and by implication, the oilfield services business, will buoy Schlumberger Ltd. into 2011, but higher natural gas demand will be required to keep up the pace in North American natural gas drilling “beyond a certain point in time,” CEO Andrew Gould said Friday.

October 25, 2010

Schlumberger CEO: Gas Demand Needed to Keep Drilling Pace

The move by U.S. explorers to oil plays, and by implication, the oilfield services business, will buoy Schlumberger Ltd. into 2011, but higher natural gas demand is required to keep up the pace in North American natural gas drilling “beyond a certain point in time,” CEO Andrew Gould said Friday.

October 25, 2010

Quebec’s Shale Producers Face More Scrutiny

Natural gas explorers that hope to tap into Quebec’s emerging Utica Shale and St. Lawrence River lowlands face more scrutiny going forward, Environment Minister Pierre Arcand said last week.

October 11, 2010

Quebec’s Shale Producers Face More Scrutiny

Natural gas explorers that hope to tap into Quebec’s emerging Utica Shale and St. Lawrence River lowlands face more scrutiny going forward, Environment Minister Pierre Arcand said Monday.

October 6, 2010

Encana Makes Stealth Move in Michigan

An auction of natural gas and oil leases on Michigan-owned parcels last Tuesday, with explorers mostly focused on portions of the Utica and Collingwood shales on the Lower Peninsula, netted the state $178 million in bonus payments, which exceeded projections and broke the record for previous auctions.

May 10, 2010