Largest

Correction

An article in the Oct. 10 edition of NGI’s Shale Daily, “Southwestern’s Fayetteville Assets Still Struggling to Compete with Appalachia,” incorrectly stated that Southwestern Energy Co. was West Virginia’s largest liquids producer and its third largest gas producer in 2015. According to an analysis of state production data by the West Virginia Geological and Economic Survey (WVGES), Southwestern was the state’s largest Marcellus liquids producer, reporting 2.5 million bbl of oil and natural gas liquids last year. It was the state’s third largest Marcellus gas producer, reporting 111.3 Bcf, according to WVGES.

October 10, 2016

ExxonMobil Again Largest Traded Oil, NatGas Producer

ExxonMobil Corp. remains the world’s biggest oil and natural gas producer, but its market value has fallen sharply because of slumping commodity prices, according to the annual ranking by Forbes.

May 27, 2016

EIA Says China Becoming World’s Largest Net Oil Importer

The U.S. Energy Information Administration (EIA) said China is projected to pass the United States and become the world’s largest net importer of oil — on a monthly basis by October, and on an annual basis by 2014.

August 12, 2013

EIA Says China Will Be World’s Largest Net Oil Importer This Fall

The U.S. Energy Information Administration (EIA) said China is projected to pass the United States and become the world’s largest net importer of oil on a monthly basis by October, and on an annual basis by 2014.

August 12, 2013

Industry Brief

The Texas Transportation Commission has approved $225 million for work to repair roads damaged as a consequence of the state’s oil and gas boom. The funding, provided by the Texas Legislature (see Shale Daily, May 30), will allow the Texas Department of Transportation (TxDOT)to begin repairing and rehabilitating roadways damaged by heavy trucks and increased traffic. It is estimated that energy sector traffic across the state has caused $400 million in immediate roadway safety concerns, such as severe edge damage on narrow roadways, deep rutting and pavement damage. Estimates show an additional $1 billion per year is needed to restore roadways heavily impacted by energy development to “good” or “better” conditions, the commission said. “Fatalities resulting from motor vehicle crashes in Texas rose by 11% in 2012 compared to the previous year,” said TxDOT Executive Director Phil Wilson. “We are pleased that our lawmakers saw fit to fund some of these safety-focused rehabilitation and repair projects, and we hope resources that enhance safety will continue to be a priority as our energy industry thrives.” With more than 80,000 miles of highway, Texas, home of the Eagle Ford and Barnett shales as well as the Permian Basin, has the largest highway system in the nation.

August 2, 2013

Oneok Spinning Off Gas Distribution Business

Oneok Inc. plans to spin off its natural gas distribution business to create ONE Gas Inc., which would be one of the largest gas utilities in the United States with more than two million customers in three states and the only publicly traded, 100% regulated, pure-play gas distribution utility.

July 29, 2013

North American Drilling Market ‘Uninspiring,’ Says Nabors CEO

Nabors Industries Inc., the largest onshore drilling fleet operator and the biggest supplier of pressure pumping equipment, is not optimistic about seeing gains in the U.S. oil or gas patch through the rest of this year, CEO Tony Petrello said Wednesday.

July 29, 2013
North American Drilling Market ‘Remains Uninspiring,’ Says Nabors CEO

North American Drilling Market ‘Remains Uninspiring,’ Says Nabors CEO

Nabors Industries Inc., the largest onshore drilling fleet operator and the biggest supplier of pressure pumping equipment, is not optimistic about seeing gains in the U.S. oil or gas patch through the rest of this year, CEO Tony Petrello said Wednesday.

July 25, 2013
Gulfport’s Strong Results in Utica Continue

Gulfport’s Strong Results in Utica Continue

Gulfport Energy Corp. smashed its natural gas, oil and liquids production records in 2Q2013 with total output at 815,300 boe, with the Utica Shale the outstanding contributor. A year earlier the operator produced a total of 663,300 boe.

July 24, 2013
Arizona Geological Survey Eyes Shale Potential

Arizona Geological Survey Eyes Shale Potential

In recent months, the Arizona Geological Survey (AZGS) has examined shale oil and natural gas potential in southeastern and westerly parts of the state, in addition to the already exploratory drilled northern formations, particularly in the northeast Four Corners area in which the Mancos Shale is found.

July 19, 2013
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