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Pennsylvania DOT: Industry Payments Don’t Cover Road Repairs

Truck traffic on Pennsylvania roads that is generated by Marcellus Shale drilling operations has cost the state $30-35 million more than the industry is providing for road repairs, according to a report by the state’s Department of Transportation (DOT).

December 30, 2010

Big Jump in Rig Demand, Says National Oilwell

Because of strong drilling in North America’s onshore basins, oilfield equipment manufacturer National Oilwell Varco Inc. (NOV) said Tuesday its rig equipment backlog at the end of September was worth an estimated $4.87 billion — more than at the end of the second quarter.

October 27, 2010

Calpine, BPA Strike Gas ‘Flex’ Deal to Balance Wind Supplies

In another example of natural gas-fired power generation helping smooth out intermittent wind-generated supplies, the federal Bonneville Power Administration (BPA) and independent generator Calpine Corp. announced a new pilot project deal involving 75 MW of “generation flexibility” from a Calpine plant in Oregon.

September 13, 2010

Pennsylvania Official Defends Tax, Urges Producer ‘Excellence’

Seventy to 80 percent of Pennsylvanians support a reasonable severance tax and that tax is necessary to ensure that all the state’s citizens benefit from the economic boost generated by production of Marcellus shale gas, John Hanger, secretary of the Pennsylvania Dept. of Environmental Protection (DEP), told a gathering of about 350 producers Tuesday.

September 6, 2010

Pennsylvania Official Defends Tax, Urges Producer ‘Excellence’

Seventy to 80 percent of Pennsylvanians support a reasonable severance tax and that tax is necessary to ensure that all the state’s citizens benefit from the economic boost generated by production of Marcellus shale gas, John Hanger, secretary of the Pennsylvania Dept. of Environmental Protection (DEP), told a gathering of about 350 producers Tuesday.

September 1, 2010

EOG to Sell Some Onshore Gas Properties

EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.

August 9, 2010

EOG Turns Oily, Plans Gas Asset Sales

EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.

August 9, 2010

Independents’ Benefit to Gulf Large, Growing

Independents operating in the Gulf of Mexico (GOM) in 2009 contributed nearly half of the 400,000 jobs, $70 billion in economic value and $20 billion in revenue that was generated in the Gulf Coast states by the energy industry, according to an analysis by IHS Global Insight.

July 26, 2010

Independents’ Economic Benefit to Gulf Large & Growing

Independents operating in the Gulf of Mexico (GOM) in 2009 contributed nearly half of the 400,000 jobs, $70 billion in economic value and $20 billion in revenue that was generated in the Gulf Coast states by the energy industry, according to a new analysis by IHS Global Insight.

July 23, 2010

Nearly All Points See Gains, Most in Double Digits

As expected, the prior-day spike of 28 cents by August futures and prospects for warm-to-hot weekend temperatures in much of North America generated gains in cash prices at virtually all points Friday.

July 19, 2010