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Unconventional oil and gas activities and production continued to make their significance felt in mergers and acquisitions (M&A) in the oil and gas sector last year, with much of the new domestic investment coming from foreign companies, according to Deloitte.

Tropical Storm Debby made her presence felt in June monthly production figures from the Energy Information Administration (EIA) as natural gas production from the federal offshore Gulf of Mexico (GOM) was off 6.8% from May (see NGI, Aug. 6).

Tropical Storm Debby made her presence felt in June monthly production figures from the Energy Information Administration (EIA) as natural gas production from the federal offshore Gulf of Mexico (GOM) was off 6.8% from May (see Daily GPI, Aug. 2).

The Permian Basin, as well as the Eagle Ford and Bakken shales, which today are considered the “big three” drivers of U.S. oil production, would remain economic at current costs if West Texas Intermediate (WTI) crude oil prices were to fall to $65/bbl, according to an analysis by Raymond James & Associates Inc. In fact, 13 of 20 onshore oil plays evaluated would breakeven below $65 using current costs, said analysts.

Wyoming state lawmakers last Friday passed legislation to help bring a permanent solution to potential drinking water problems in the Pavillion, WY, area. This is where two U.S. Environmental Protection Agency (EPA) test wells have sparked concerns among residents and environmental activists who are opposed to hydraulic fracturing (fracking).

North America’s natural gas prices, now at their lowest level in 10 years, may not be helping explorers, but positive impacts are being felt across a variety of industries inside and outside the energy sector, according to an analysis by Moody’s Investors Service.

North America’s natural gas prices, now at their lowest level in 10 years, may not be helping explorers but positive impacts are being felt across a variety of industries inside and outside the energy sector, according to an analysis by Moody’s Investors Service.

As production from the booming Marcellus Shale has grown and the emerging Utica Shale has made its presence felt, the Northeast, formerly a gas “have-not,” is pushing its own production outward to markets as pipelines race to catch up.

As production from the booming Marcellus Shale has grown and the emerging Utica Shale has made its presence felt, the Northeast, formerly a gas “have-not,” is pushing its own production outward to markets as pipelines race to catch up.