Basic Energy Services Inc., which provides well site services across the U.S. onshore, said its rig count remained unchanged month/month in July, but well servicing rig hours declined both sequentially and from a year ago.
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While construction projects and jobs in non-shale gas related industries declined sharply from 2008 to 2014, tradesman in five states within or near to the Marcellus Shale worked more hours and benefited heavily from investments in the formation’s development, according to a new study.
A West Virginia county has changed course and will now pay overtime to employees in the county clerk’s office for extended hours to allow increased access to public records for Marcellus Shale development.
Hours ahead of EQT Corp.’s second quarter conference call on Thursday, the company tied into sales its first Utica Shale well, the CEO said.
New York’s top environmental regulator on Thursday spent nearly three hours defending his agency’s proposed rules to allow expanded natural gas drilling using hydraulic fracturing (fracking) before a panel of skeptical state legislators and a raucous audience.
Landowners in Belmont County, OH, which has become a hotbed of activity for prospective shale exploration, are signing leases with ExxonMobil Corp. subsidiary XTO Energy Inc. to allow drilling to begin on their acreage, the company has acknowledged.
Just hours after its tender offer of $5.50/share, or $665 million in aggregate, for Dynegy Inc. was due to expire, Icahn Enterprises subsidiary IEH Merger Sub LLC extended the deadline until 5 p.m. EST Monday “to allow additional time for FERC approval,” the company said.