Chesapeake Energy Corp. continued to slash onshore exploration costs — and capital spending — during the third quarter, while production continued to rise. However, as the company burns through its cash, CEO Doug Lawler said the focus going forward is to uncover value, not volumes.
Fractures
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COGA Panel Says Unconventional Technology Still In Early Days
Technological innovations in the oil and gas industry have marked some remarkable discoveries over its 150-year history. Today, the innovations may be coming more quickly, but there’s still plenty to learn, energy stalwarts said Tuesday at the 25th Annual Rocky Mountain Energy Summit.
‘No Direct Link’ Between Fracking and Contaminated Groundwater
Preliminary findings from a study being conducted by The University of Texas at Austin’s (UT) Energy Institute suggest no direct link between hydraulic fracturing (fracking) and groundwater contamination, researchers said Wednesday.
AltaGas Building Montney Shale Gathering, Processing
Midstream operator AltaGas Ltd., based in Calgary, said Thursday it plans to build a 120 MMcf/d gas processing facility and associated gathering system in the Gordondale area of the Montney Shale in British Columbia.
Horizontal Drilling Holds Promise for Conventional Gas
Horizontal drilling into shale rock using multiple fractures (fracs) has “clearly” changed the game for the U.S. natural gas industry, but the drilling process also has the potential to give conventional gas formations, like tight gas sands, an economic boost, Raymond James & Associates Inc. said last week.
Horizontal Drilling Shows Promise in Conventional Gas Formations
Horizontal drilling into shale rock using multiple fractures (fracs) has “clearly” changed the game for the U.S. natural gas industry, but the drilling process is showing the potential to give conventional gas formations, like tight gas sands, an economic boost, Raymond James & Associates Inc. said Monday.