Since the latter half of last year, Swift Energy Co. has been directing Eagle Ford drilling at a narrower section of the lower Eagle Ford with more precision than previous drilling, and it’s been paying off, said CEO Terry Swift.
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Colorado’s Air Quality Control Commission voted to partially adopt federal clean air rules that target hydraulic fracturing (fracking) emissions and hold public meetings next year to consider full implementation of the Environmental Protection Agency (EPA) rules.
First quarter results of Cabot Oil & Gas Corp. improved over the year-ago period, thanks mainly to expansion of the company’s production base. Oil and gas production volumes both set company records, although low gas prices weighed on the Houston-based producer.
Lower 48 gas production in January climbed half a percent or 0.36 Bcf/d, to a record 72.85 Bcf/d, mainly thanks to production gains in states in the Energy Information Administration’s (EIA) “other states” category, which included drilling activity in the Marcellus Shale.
Lower 48 gas production in January climbed half a percent or 0.36 Bcf/d, to a record 72.85 Bcf/d, mainly thanks to production gains in states in the Energy Information Administration’s (EIA) “other states” category.
Cash prices across the board were mainly weak Wednesday for Thursday delivery, but a large weather system heading south out of Canada was able to lift quotes on Midcontinent pipelines as the system was forecast to head east. Rockies quotes followed Tuesday’s futures swan dive, and eastern traders unloaded gas as they digested near-term weather forecasts.
Private equity firm Quantum Energy Partners has formed Bluestem Energy with industry veteran Jack Hightower to mainly acquire oil and gas producing properties as well as engage in the exploitation and exploration of reserves in North America.