Schlumberger Ltd. CEO Andrew Gould repeated an old adage and added something new to it on Monday, telling an industry audience in New Orleans, “if you want to find oil, you have to drill. And if you want to produce unconventional gases or oils, it is even truer.”
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Rising Costs, Low Gas Prices Seen Taking Time to Play Out
U.S. exploration and production (E&P) companies continue to find themselves “sandwiched in a vise of rising costs and low gas prices” that may take time to play out, an energy analyst said Tuesday.
Rising Costs, Low Gas Prices Seen Taking Time to Play Out
U.S. exploration and production (E&P) companies continue to find themselves “sandwiched in a vise of rising costs and low gas prices” that may take time to play out, an energy analyst said Tuesday.
Shales Helping Drive Ethane Supply Growth
Growing natural gas liquids (NGL) production — particularly that of ethane — is a positive story for the petrochemical industry as well as oil and gas producers. However, talk of an NGL glut is growing louder as the industry continues to grow production — particularly from liquids-rich shale plays — and build out infrastructure. Opinions vary on what is to come.
Happy Gas Buyers Need Reliability, Competitive Prices
They find it more at citygates rather than state borders, and the “it” is both reliability and competitive prices for wholesale natural gas supplies, according to natural gas purchasing executives who spoke last Wednesday at the “LDC Forum: Rockies and the West” conference in Los Angeles.
Gas Buyers Talk Reliability, Prices First; Shale Added Topic
They find it more at citygates rather than state borders, and the “it” is both reliability and competitive prices for wholesale natural gas supplies, according to natural gas purchasing executives who spoke last Wednesday at the “LDC Forum: Rockies and the West” conference in Los Angeles.
Pennsylvania Severance Tax Talks Move to Governor’s Mansion
Despite meetings that brought together members of both chambers and both sides of the aisle in Pennsylvania’s General Assembly and representatives from the gas industry at the Governor’s Mansion in Harrisburg Monday and Tuesday, agreement on a proposed natural gas severance tax bill remains elusive, according to Senate President Pro Tem Joe Scarnati (R-Jefferson).
Range Expects to Double Marcellus Output in 2010
Learning how to tap successfully into the Marcellus Shale has come at a big cost and a lot of work, and the producer continues to find ways to become more cost efficient, Range Resources Corp. COO Jeff Ventura said Tuesday.
Range Expects to Double Marcellus Output in 2010
Learning how to tap successfully into the Marcellus Shale has come at a big cost and a lot of work, and the producer continues to find ways to become more cost efficient, Range Resources Corp. COO Jeff Ventura said Tuesday.
Farmers’ Almanac Sees Cold East But ‘Kinder’ Overall Winter
Natural gas prices could find some support this winter if the just-released Farmers’ Almanac proves to be as accurate as the previous year’s edition. The 2011 issue paints New England as frigid cold.