Continuing the downward momentum from the previous week (see Shale Daily, April 11), the number of rigs drilling for oil and gas in U.S. unconventional plays dropped by another 1% for the week ending April 15, according to NGI’s Shale Daily Unconventional Rig Count.
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Articles from Levels
Pennsylvania Operators Seeking New Ways to Use Water
Pennsylvania may be water-rich, but factors like permitting and geography make water increasingly difficult to come by for drilling operations, several Marcellus Shale players told a Pittsburgh-area audience on Wednesday.
Pennsylvania Calls for More Water Testing
The Pennsylvania Department of Environmental Protection (DEP) is ordering water treatment plants in the state to immediately test for radioactivity and other contaminants from Marcellus Shale wastewater.
NEB: Canadian Gas Exports to U.S. Stabilizing
Canadian natural gas exports to the United States are stabilizing at reduced levels after four lean years of decline, show trade records of the National Energy Board (NEB).
Year-to-Year Shale Basin Rig Counts Show Winners and Losers
What a difference a year makes in shale gas drilling. NGI’s Shale Daily Unconventional Rig Count dramatically demonstrates the ascendance of oil and oily gas shale plays as the Bakken Shale/Sanish/Three Forks claimed the top spot on the chart for the greatest number of active rigs with 170, up from 102 and third place a year ago.
NEB: Canadian Gas Exports to U.S. Stabilizing
Canadian natural gas exports to the United States are stabilizing at reduced levels after four lean years of decline, show trade records of the National Energy Board (NEB).
Shell Sees Double-Digit Output Growth to 2014
Oil and natural gas production at Royal Dutch Shell plc is on track to grow by almost 12% from 2010 levels over the coming three years, with a big boost from North American onshore and deepwater projects, CEO Peter Voser said last week.
Shell Output Forecast to Grow 12% to 2014
Oil and natural gas production at Royal Dutch Shell plc is on track to grow by almost 12% from 2010 levels over the coming three years, with a big boost from North American onshore and deepwater projects, CEO Peter Voser said Tuesday.
Traders Looking for $3.50; April Slides
April natural gas futures worked lower Tuesday as traders continued to focus on expected production levels rather than near-term weather or storage. Near-term weather forecasts signal the end of what has been a very cold heating season, and short-term analysts have a $3.50 target in their sights. At the close April futures were down 6.3 cents to $3.864 and May lost 6.0 cents to $3.924. April crude oil declined 42 cents to $105.02/bbl.
Industry Observer: Congress Should Probe Range Well Investigation
The more one learns about the Environmental Protection Agency’s (EPA) investigation of alleged well water contamination in North Texas by Barnett Shale gas wells drilled by Range Resources Corp., the more something smells, an industry newsletter publisher claims. After examining evidence presented in the case, Gene Powell Jr. said a congressional investigation of the EPA’s action is in order.