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Haynesville Gains Again Amid Modest U.S. Rig Return

Haynesville Gains Again Amid Modest U.S. Rig Return

A modest six land-based rigs returned to service in the United States during the week ending Friday, according to Baker Hughes Inc. Two of those returning were in the Haynesville, which has surpassed its year-ago activity level.

January 6, 2017

Briefs — Schlumberger-Cameron, FERC, Marcellus Shale Coalition

Cameron International Corp. stockholders have overwhelmingly voted for the proposed $14.8 billion takeover by Schlumberger Ltd. (see Shale Daily,Aug. 27). Once the transaction is completed, which is expected in early 2016, each share of Cameron common stock would convert into the right to receive 0.716 shares of Schlumberger stock and a cash payment of $14.44/share. The merger partners said the transaction would create the first “complete” drilling and production services oilfield operator with “pore-to-pipeline” products and services. The deal remains subject to regulatory approvals.

December 17, 2015

Energy Woes Push Moody’s Liquidity Stress Index Higher

Lower oil and natural gas prices pushed Moody’s Investor Services’ Liquidity Stress Index (LSI) to its highest level in almost five years, with the energy LSI at its highest level since January 2010, the credit ratings agency said Wednesday.

September 4, 2015

Medium-Term Weather Moderating Still; January Called 11 Cents Lower

January natural gas is expected to open 11 cents lower Monday morning at $3.98 as the market extends Friday’s 27-cent drop on the heels of a more tempered weather outlook. Overnight oil markets were mixed.

December 1, 2014

S&P Sees Promise in Chesapeake Going Forward

Standard & Poor’s Ratings Services (S&P) on Friday revised its outlook for Chesapeake Energy Corp. to “stable” from “negative,” citing new CEO Doug Lawler as part of the reason. The former Anadarko Petroleum Corp. executive took over in June (see Shale Daily, May 21).

July 29, 2013

Rail Delivery of U.S. Crude Through June Up 48% From Year Ago

U.S. domestic crude oil production is at its highest level in 20 years, outstripping pipeline capacity and, increasingly, making its way to refineries and storage centers via railroads, according to the Energy Information Administration (EIA).

July 15, 2013
Rail Delivery of U.S. Crude Through June Up 48% From Year Ago

Rail Delivery of U.S. Crude Through June Up 48% From Year Ago

U.S. domestic crude oil production is at its highest level in 20 years, outstripping pipeline capacity and, increasingly, making its way to refineries and storage centers via railroads, according to the Energy Information Administration (EIA).

July 11, 2013

Alberta’s NatGas Royalties Take Big Plunge

Alberta natural gas royalties, a health benchmark of the Canadian supply industry, plunged to their lowest level in a generation in the government fiscal year that ended March 31.

July 8, 2013

Alberta’s NatGas Royalties Were Anemic Last Fiscal Year

Alberta natural gas royalties, a health benchmark of the Canadian supply industry, plunged to their lowest level in a generation in the government fiscal year that ended March 31.

July 2, 2013

Energy Independence in Sight, Says Chesapeake’s Dunham

With the “right kind of leadership” and regulatory environment, the United States could be just 10 years from achieving energy independence, Chesapeake Energy Corp.’s nonexecutive Chairman Archie Dunham said Friday.

June 17, 2013
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