Like

In mid-October North Dakota likely exceeded last year’s record-setting oil and gas production, according to state and industry officials who were quoted in a pre-Thanksgiving report out of Bismarck, ND, by the Associated Press. Separately, other local news reports Sunday depicted state officials as worried about proposed federal rules for hydraulic fracturing (fracking), but they told NGI’s Shale Daily the reports were exaggerated.

Influences did not look conducive for higher prices. Only the Northeast was expected to see winter-like conditions extend into the weekend while most other regions moderated to seasonably cool fall weather; a larger-than-expected storage build report from the previous day ensured that heating season inventories would be more than adequate; and that led to November futures expiring 6.6 cents lower on Thursday.

With oil prices falling and natural gas prices still persistently low, oilfield services companies are facing a potential downturn in the months ahead, but it won’t be like the pullback in late 2008 and early 2009, according to energy analysts.

With oil prices falling and natural gas prices still persistently low, oilfield services companies are facing a potential downturn in the months ahead, but it won’t be like the pullback in late 2008 and early 2009, according to energy analysts.

The Utica Shale could double or triple liquids production in the Appalachian Basin, increasing the infrastructure challenges in the region, a midstream player told an audience in Pittsburgh on Wednesday.

Despite previous veto threats, Pennsylvania Gov. Tom Corbett said he would like to see some of the revenue generated from a proposed impact fee on Marcellus Shale development go toward capping thousands of abandoned wells in the state.

Despite previous veto threats, Pennsylvania Gov. Tom Corbett said he would like to see some of the revenue generated from a proposed impact fee on Marcellus Shale development go toward capping thousands of abandoned wells in the state.

A ballot initiative sponsored by former natural gas industry executive Sheffield Nelson to raise Arkansas’ severance tax on natural gas production has passed the muster of the state attorney general and would go before voters next year if proponents can garner enough signatures.

Demand for oilfield services in North America’s onshore — especially hydraulic fracturing (hydrofracking) — is growing faster than companies can add equipment, Halliburton CEO Dave Lesar said Monday.