Greater

Although drilling activity in the Marcellus Shale has slowed and some producers have dropped rigs, there is enough of a drilling backlog that, if wells were brought online over a one-year period, production would continue to grow but at a slower pace, energy analysts with Barclays Capital said.

Hess Corp., which is facing a shareholder revolt for a perceived lack of focus and crony-heavy board, on Monday said it would become a pure-play exploration and production (E&P) company. The plan involves fully exiting the downstream business, selling Bakken Shale midstream, and bringing aboard six new independent directors.

The “reality and potential” of expanding natural gas and liquids from shale continues to have a dramatic impact on the regional and global balances for both economies, PIRA Energy Group said Monday in a new report.

Acknowledging that the boom in natural gas has led to cleaner-burning power and greater energy independence in the United States, President Obama last Tuesday in his first State of the Union Address (SOTU) of his second term vowed to cut red tape to speed up the permitting process for new oil and gas permits on public lands.

Acknowledging that the boom in natural gas has led to cleaner-burning power and greater energy independence in the United States, President Obama Tuesday in his first State of the Union Address of his second term vowed to cut red tape to speed up the permitting process for new oil and gas permits on public lands.

Acknowledging that the boom in natural gas has led to cleaner-burning power and greater energy independence in the United States, President Obama Tuesday in his first State of the Union Address of his second term vowed to cut red tape to speed up the permitting process for new oil and gas permits on public lands.

The first oilsands project with longer term commercial possibilities in Utah has gotten approval to move forward from a citizen appeal board for the state Division of Oil, Gas and Mining (DOGM). It’s backers say it is the first commercial-scale oilsands project in the United States.

Anadarko Petroleum Corp. said Tuesday four core U.S. onshore operating plays — the Wattenberg Field in Colorado, the Greater Natural Buttes in Utah, and the Marcellus and Eagle Ford shales — eclipsed production records in November, with each one exceeding a gross processed production milestone of 100,000 boe/d.

The city council in Youngstown, OH, voted 5-2 Wednesday in favor of an ordinance that could open city-owned land to oil and natural gas drilling.