Continued low prices for natural gas, which is the single largest source of revenue for Wyoming, have forced Gov. Matt Mead to ask state agencies to prepare budget cuts of up to 8%.
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Decline in U.S. Onshore Gas Activity Slams Baker Hughes
Baker Hughes Inc., the industry’s third-largest oilfield services provider, said Friday the slump in U.S. natural gas activity weighed heavily on its latest quarterly profits. However, the No. 1 oilfield services provider, Schlumberger Ltd., managed to avoid the carnage in North America’s onshore by accelerating activity overseas.
More Processing Capacity on Tap for Mississippian Lime Producers
Caballo Energy LLC is building a cryogenic gas processing plant to serve expanding production in the liquids-rich Mississippian Lime and Cana Woodford Shale plays.
BP Exec to Take Over Talisman Operations
Jim Buckee, an astrophysicist who helped build Talisman Energy Inc. into Canada’s third-largest explorer, announced his plans to retire as CEO last week. John Manzoni, who, like Buckee is a veteran of London-based BP plc, will take over Sept. 1.
Chesapeake Leading Early Gold Rush in Niobrara Shale
Permits and production are soaring in the Niobrara Shale where Chesapeake Energy is indicating it has unlocked some important finds as it eyes the play as a significant contributor to its strategy for expanding its production of natural gas liquids (NGL).
Canadian LNG Hopes Dwarf Past Arctic Dreams
Canada’s dormant Arctic project is more than replaced by the latest and largest plan for liquefied natural gas (LNG) exports from the northern Pacific Coast of British Columbia (BC) at Kitimat.
Canadian LNG Hopes Dwarf Past Arctic Dreams
Canada’s dormant Arctic project is more than replaced by the latest and largest plan for liquefied natural gas (LNG) exports from the northern Pacific Coast of British Columbia (BC) at Kitimat.
Chesapeake Retools Lease Agreements in Ohio
Landowner groups in Ohio say they are battling it out with Chesapeake Energy Corp., the largest leaseholder in the Utica Shale, over the company’s attempts to renegotiate leases to expand acreage and increase the size of drilling units. The landowners claim landmen are going door to door, trying to pressure them into signing on for larger drilling units so Chesapeake doesn’t have to drill as many wells to hold onto its acreage.
Ohio Landowners Face Off With Chesapeake Over Lease Terms
Landowner groups in Ohio say they are battling it out with Chesapeake Energy Corp., the largest leaseholder in the Utica Shale, over the company’s attempts to renegotiate leases to expand acreage and increase the size of drilling units.
Operators Unfazed As Drought Forces SRBC to Suspend Permits Again
In a move anticipated by oil and natural gas producers, the Susquehanna River Basin Commission (SRBC) said Monday it was suspending 64 water withdrawal permits due to ongoing drought conditions in the basin, the highest number of suspensions since it began issuing permits in 2008.