Most U.S. NatGas Plays Make Money at $4.00-Plus, Says Raymond James

Most U.S. NatGas Plays Make Money at $4.00-Plus, Says Raymond James

Nearly every major natural gas play in the United States makes money at prices above $4.00/Mcf, and more important, can generate a “decent rate of return” at prices above $4.25, according to an analysis by Raymond James & Associates Inc.

June 11, 2013

Industry Brief

Blaze Energy Corp. said it has settled a dispute with Environmental Energy Services Inc. (EESV), exchanging subsidiary EESV Fayetteville Inc. and associated outstanding notes for EESV’s 76% stake in the company, in a stock deal valued at $1.9 million. Under the first phase of a reorganization plan, the Boise, ID-based company — which is not affiliated with Calgary-based Blaze Energy Ltd. — also accepted the resignations of all but one of its employees and canceled the lease for its corporate offices.

May 1, 2013

Fracking ‘Not Significant’ Cause of Tremors, Say UK Researchers

After studying hundreds of thousands of hydraulic fracturing (fracking) operations, the practice was determined to have caused noticeable tremors at the surface in only three cases and was “not a significant” source of earthquakes, according to researchers at UK’s Durham University.

April 11, 2013
U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst

U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst

The recent surge in natural gas prices may have provoked some optimism in the energy sector, but it’s not enough to encourage more drilling, according to Barclays Capital, which expects the rig count to not surpass 450 this year.

April 1, 2013

Carrizo Hits Record Production and Revenue in 2Q, Nears Niobrara JV

Carrizo Oil & Gas Inc. beat its guidance and achieved record production and revenue during the second quarter of 2012, thanks in large part to new oil production from longer laterals drilled in the Eagle Ford Shale and a flatter-than-expected decline in natural gas production with new wells brought online in the Marcellus Shale.

August 10, 2012

Report Links Barnett Injection Wells to Earthquakes

A report published Monday by the group Proceedings of the National Academy of Sciences of the United States asserts that there is a link between dozens of small earthquakes in Texas’ Barnett Shale and wastewater injection wells that support natural gas drilling.

August 8, 2012

Minor Quakes, Injection Well Suspicions Continue in Texas

Concerns over natural gas development and its potential to cause earthquakes continue to linger in Johnson County, TX, after the area has experienced about 10 modest quakes during the last month.

July 17, 2012

Ohio Governor’s Temporary Order Regulates Injection Wells

Ohio Gov. John Kasich signed an executive order on Tuesday temporarily giving the Ohio Department of Natural Resources (ODNR) additional power to regulate wastewater injection wells used by oil and natural gas drilling operations.

July 13, 2012

Company Withdraws Plans for Ohio Wastewater Injection Wells

In an apparent bow to local opposition, a Texas company has withdrawn its proposal to build two injection wells for wastewater from oil and natural gas drilling in Mansfield, OH.

July 2, 2012

Ohio Injection Well Permits Still in Demand Despite Tougher Regs

Despite strict rules governing wastewater disposal wells, enacted after a dozen small earthquakes were possibly caused by the injections, the Ohio Department of Natural Resources (ODNR) is on pace to receive a record number of permit applications this year for new injection wells.

April 26, 2012